In the wake of the housing bubble and the recession that followed it, home purchase assistance programs became an important point on the authorities’ agendas, from federal to state and local level. HUD loans can work very well as first time home buyer grants, even though … [Read more...]
Who Pays Closing Costs?
Nowadays, property closings don’t happen like they used to a few decades back. Of course, most of them are closed in face to face meetings, but many closings nowadays take place virtually, with the aid of money wire services and digital signature of the required paperwork. … [Read more...]
What to Expect from First-Time Home Buyer Tax Credit Programs in 2015
If you’re interested in first time home buyer tax credit 2015 is definitely an interesting year to be experiencing and that’s because this year, the bulk of first-time home buyer programs will be state and locally funded. This year’s 1st time home buyer should know better … [Read more...]
What to Expect from First-Time Home Buyer Tax Credit Programs in 2015
If you’re interested in first time home buyer tax credit, 2015 is definitely an interesting year to be experiencing. That’s because this year, the bulk of first-time home buyer programs will be state and locally funded. This year’s 1st time home buyer should know better than … [Read more...]
What Is a Bridge Loan?
Anyone who has ever purchased their second home, while also trying to sell the first one, has likely come across the conundrum of bad timing. In other words, if you’re a repeat home buyer, try as you might, you simply can’t coordinate the sale of an old home with the … [Read more...]
Truly Understanding FHA Loans
FHA loans (i.e. loans from the Federal Housing Administration) have seen their fair share of dramatic swings over the past few years. These have largely been the effect of the subprime lending boom and ensuing market collapse. During the times of the boom, FHA mortgages … [Read more...]
How to Buy a House with Mortgage Issues
Buying a house is a delicate moment in any aspiring owner’s life: finding the right one, both for your preferences and your budget, striving to find a suitable mortgage afterwards and so on. But if the process of buying a house is already complicated enough as it is, what … [Read more...]
How to Buy a Multi-family Property: Tips for First Time Buyers
The fundamental difference between a multi-family property and a single-family residence is the potential to generate income. Investors and business-oriented individuals interested in real-estate have been affected strongly by the changes of today’s lending environment, but … [Read more...]
Is the Simplified Paperwork for Home Buyers Really that Simple?
Earlier this year, it was announced that the CFPB (Consumer Financial Protection Bureau) is working on a new Know Before You Owe mortgage initiative which is expected to come into full effect next summer (in 2015). This new measure is supposed to simplify the process of … [Read more...]
Advice for First Time Home Buyers: Find a Mortgage Co-signer
What can you do if the house you want to buy is just a little bit more expensive than the biggest sum you’re allowed to borrow, based on your income and credit history? Don’t worry, there’s a way out of this tight spot, provided you have someone to help you out. Some types … [Read more...]