Blog – Page 328 of 341

12

Jun

ForeclosureForeclosure, Property Inspection, Real Estate

Buying A Foreclosure: 5 Things To Know

Buying a property out of foreclosure can be a very smart move, financially. But it can also be complicated, expensive, and stressful. Here are 5 things to keep in mind before you take a first step in that direction: Cash Or Preapproval Required Buying a house that has been returned to the lender through foreclosure means dealing with bureaucracy rather than with a motivated seller. Large lenders are notorious for taking their time to approve a contract, even if the offer is for the exact amount specified. Then there's the paperwork, which can seem endless. Most lenders require that prospective buyers…

11

Jun

By support

Financial ReportsEconomy, Interest Rates, Mortgage Rates

What’s Ahead For Mortgage Rates This Week – June 11th, 2018

Last week’s economic reports included analyst assertions that U.S. housing markets are overvalued in over 50 percent of markets. Weekly reports on mortgage rates and first-time jobless claims were also released. CoreLogic: Over Half of Top 50 U.S. Housing Markets Overvalued Rapidly rising home prices are causing some U.S. markets to be overvalued, which means that home prices are higher than a community’s ability to sustain. What goes up must come down in such scenarios, but home prices continue to grow in many areas. While Boston, Massachusetts and San Francisco, California continued to see rapidly rising home prices, analysts said…

08

Jun

By support

Real EstateNew Home, Pre-Approval, Real Estate

Long-Distance House Hunting Tips

It pays to start with a solid strategy when you have to house hunt from afar. Hunting for a house is stressful enough even if you are moving to another part of town. However, when you are searching for a house from afar, it can make the task of finding the right home for your needs seem almost impossible. Fortunately, in today's high-tech world, you have an array of tools available right at your fingertips that can make it easy to find the perfect house for your needs. So, even if you are looking for a home thousands of miles…

07

Jun

By support

Home Buyer TipsActive Adult, Home Buyer, Location

What To Know When Looking At Active Adult Communities

For many Americans, retirement age is fast approaching or already here: Baby Boomers account for nearly 75 million individuals in the United States. Retirement can present a lot of opportunities, especially when it comes to relaxation, activities, and the enjoyment of life with those of a similar age. More and more Americans are looking to 55+ communities to fulfill those wants and needs. Active Adult Communities 55+ communities, also known as an active adult or age-restricted communities, are becoming increasingly popular throughout the U.S. because of what they offer and can provide. Traditionally thought to be only in warmer climates,…

06

Jun

By support

MortgageMortgage, Pre-Approval, Short Sale

What You Need To Know About Short Sales

On the surface, a short sale seems like the perfect deal. However, before you take the plunge, you need to understand how this type of home purchase works. What Is a Short Sale? A short sale is a home sale in which the homeowner is selling the home for less than he or she currently owes on the mortgage. In most cases, this means that the buyer is paying less for the home than it's worth, which leads to instant equity. Short sales allow homeowners to get out from under mortgages without damaging their credit as much as a foreclosure.…