Selecting a mortgage lender. Pre-qualifying and getting pre-approved for a loan. Collecting information for the loan process. Cleaning up credit report problems. You found your dream home and you can’t wait to move, but then the butterflies start fluttering in your stomach: The dreaded mortgage loan process looms large. Don’t let bad news about the […]
Affordable programs for first-time buyers Different types of seller financing Subprime loans and negative amortization You can consider alternative types of home financing. Some of these carry higher interest rates, because the person or institution loaning you the money feels that there is a higher risk involved. Higher risk equals higher interest rates and terms […]
Opting for an Adjustable Rate Mortgage Article: Adjustable-rate mortgages (ARMs) in today’s market. Knowing if an ARM is right for you. ARM pitfalls and other things to consider. By now, you’ve heard plenty about the housing credit crises spurred by a high number of defaults on adjustable-rate mortgages (ARMs), notoriously known as subprime […]
Article highlights: Term limits of a fixed-rate mortgage. When fixed-rate is better than adjustable-rate loans. How to shop around for the best rates. A fixed-rate mortgage is a loan where the interest rate on the mortgage note remains the same through the entire term of the loan. Fixed-rate mortgages are available in 15, […]
Read some tips that will help you to build you credit score and buy very fast! How increase your Credit Score? This means that it should be easier than ever to buy a house, but unfortunately, the reverse is often true. The bad economy has forced many of us into making hard decisions that may […]
Free online mortgage payment calculator: Use this calculator to determine the total montly mortgage including: Principal & interest Mortgage insurance Property taxes Home insurance Utilities (Water, Gas, Internet, Electric) HOA (Association Payments). This tool allows the user to quickly determine the financial impact of changes in the variables of a mortgage financing contract. The major […]
How work the FHA loans programs? FHA Loan: Lenders will have to prepare because there is no “zero money” option for an FHA real estate loan. The downpayment is mandatory and corresponds to a minimum of 3.5%. It is essential to understand that the 3.5% is a totally separate expense. It is very important […]
If you bought or will buy a house you should know that the properties must pay their taxes every year. What’s the property tax?  Property taxes is the oldest major revenue source for state and local governments. Beginning of the twentieth century, this one represented more than eighty percent of state and local tax revenue. Share has […]
How to buy foreclosed home by Bank? When a low-income person needs a property whether to resell, rent or live is a good option buy a repossessed property (foreclosed). This type of transaction is very popular among investors and real estate professionals. Since this type of houses has a very low price compared to others. […]
Tips to get more money for you property: Q: I am looking to sell my home and move to another house within the next 18 months. Based on real estate assessments, I am about $75,000 upside down on my home (the same amount I owe on my equity loan). My home is worth approximately $150,000. […]
How much should a first time home buyer put down? Conventional: traditional 30-year fixed rate mortgage, usually require at least a 5% down (if the property is an association, this one must have funds). Conventional with 10% or 20% downpayment. FHA: 3.5% Down VA: 0% Downpayment Can I buy my home with $0 money down? […]
 Could to buy a house with bad credit in FLORIDA?   It may seem like the American dream is beyond your reach, but that’s probably because you don’t know that many ways actually exist to buy a house with bad credit. Here we show you the best ways that you should learn about this […]
What expenses do you have buying a property? Â Cost buying a property: The actual average property tax rate for your metro area, you can also input your personal property tax rate as a percent of your home’s value or a national baseline assumption of 1.35%. Buying Closing Costs: Include loan origination fees, mortgage points, […]
Buy a new home is an important step and a difficult process, with many obstacles that will make you stumble. Avoid these classic mistakes when you buy your next home: Top 10 tips before to buy you home 1- Choise the right Real Estate Agent:  A good real estate agent is key when you are […]
How to buy a property in 5 steps? 1- Contact a local Realtor2- Pre-qualification with a lender3- Communicate to your realtor the characteristics of what you are looking for4- Send an offer to the property owner5- The negotiations begin until the closing day Compare the market with a Real Estate Agent Contact to Yani […]
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