How Can FHA Loans Help You Buy a Home?
FHA loans are specifically designed to assist homebuyers in purchasing homes they couldn’t afford if they opted for other types of mortgages. The Federal Housing Administration (FHA) was founded in 1934, and its aim was to help people purchase homes. This organization does not make any loans, but it does insure the finance that private […]
What You Should Know About ARMs
Adjustable rate mortgages, or ARMs, are mortgages with varying interest rates that are usually determined by performance of benchmark indexes. As the index rate changes, your rate of interest will be adjusted periodically. Here is a brief ARM glossary: Index- The index is essentially a guide that lending institutions use to measure changes in the […]
Should You Buy a Historic House?
There is nothing quite like the quaintness and uniqueness of a historic home. Many homebuyers and investors fall in love with historic houses because they are richly attractive pieces of historical beauty. They are also known for their established neighborhoods. But are historic homes worth the purchase? If you have been considering buying a historic […]
Vacation Home Sales Soar
According to the 2014 Investment and Vacation Home Buyers Survey by the National Association of Realtors, vacation home sales jumped dramatically in the last year or so. The survey reveals that vacation homes increased by almost 30% in 2013, their sales accounted for 13% of all real estate transactions. Meanwhile, investment home sales plummeted by […]
Why Real Estate Agents Should Focus on Baby Boomers
Want to focus on a particular niche for your real estate business? Consider the baby boomer generation! Why, you ask? Well, there are many reasons why it’s a good idea for agents to spend time and money marketing to baby boomers. Their generation accounts for about fifty percent of discretionary spending, not to mention that […]
Tips for First-Time Home Buyers
When you decide to buy a home for the first time, it’s so exciting that you want to jump online and start looking at listings right away. But you have to remember to remain realistic during these first phases of home buying. Not only do you have to consider what you want in a home, […]
The Home Loan Process Simplified
Buying a home is an exciting time, but the process of actually getting the home loan can be frustrating for many buyers. Between the endless mounds of paperwork and the lack of control you feel, the loan process can be intricate and complicated. You can gain a sense of control as a homebuyer during this […]
The Value of Modular Homes
Home buyers often do not have a good understanding of home purchasing options and the impact on resale each choice offers. As a result there are many misunderstandings when it comes to home values and which options appreciate in value the best. Real estate agents and mortgage lenders are in an excellent position to educate […]
What to Consider When Investing in a Condo
Interested in purchasing a condominium? There are quite a few things you need to consider before plunking down your cash. The Site Matters Agreed, you have heard this before. When it comes to real estate, nothing is more important than location. Whether you are purchasing the condo for investment purpose or your personal use, location […]
Five Best Practices for Buying a Home
If you want to land your dream home, you will have to follow some unwritten rules. These are some best practices that are followed by both sellers and brokers. Let’s take a look at them: Make an offer only after getting a mortgage pre-approved The pre-approval letter shows that the lender has verified your finances […]
