The first thing you must do when you’re ready to purchase a new home is secure a mortgage. It’s called pre-qualification, and it’s an essential first step. Without a lender’s pre-approval letter, you may not be able to shop for a new home. Some sellers won’t accept offers … [Read more...]
How To Calculate Opportunity Cost
Have you ever grown impatient at the extreme couponer in front of you holding up the line? Why do people bother? It is because they know how to calculate opportunity cost and have determined it is worth their time. There are a few methods for how to calculate opportunity … [Read more...]
A Comprehensive Look At Wells Fargo Mortgage Rates Today
Wells Fargo is a major commercial lender for refinancing, adjustable rate loans, mortgage lending, and loans through Veteran's Affairs and the Federal Housing Authority. Whether you're a new homeowner, looking to refinance, or an active-duty service member, Wells Fargo … [Read more...]
A Comprehensive Look At How To Fix Bad Credit Loans And More
Whether you are trying to improve your credit to finance a home or car or need a good credit history to secure a job, bad credit loans can help. They are not widely advertised. However, they are a great tool in your toolbox to improve your credit score and credit report.Bad … [Read more...]
Essential Credit Tips: How To Buy A House With Bad Credit
The dream of many Americans is to buy a house. However, your credit score, whether fair or not, has become more and more critical in being approved for a home loan in order to buy the house. Credit scores can be damaged, if not completely tanked, with a single bad decision. … [Read more...]
10 Best Refinance Rates: What Is A Rate-And-Term Refinance?
For most American homeowners, the costs associated with homeownership make up the largest portion of their spending. Along with monthly mortgage payments, they must pay taxes and insurance. Updating their homes and fixing serious problems like broken plumbing and roof … [Read more...]
10 Best Money Market Rates: How We Reviewed The Best Money Market Rates?
Many individuals consider where to store the down payment as they save to purchase a new home. When you try to save up 10 or 20% of a home's value, you can end up with a significant amount of cash on hand. One ideal vehicle for storing that money is a money market. The … [Read more...]
How and When to Hire a Real Estate Attorney
You don’t always need a real estate attorney for a transaction-related question. More often than not, your realtor can provide you with the answers you seek; however, agents and brokers are not licensed to practice law. So, if you find yourself in need of negotiation … [Read more...]
What Is the Fannie Mae HomePath Program?
Home buyers active on the market before October 2014 might fondly remember the Fannie Mae Homepath program. It was discontinued, as the American real estate market picked up and saw the number of foreclosures drop dramatically, compared to post-bubble numbers. Today’s post … [Read more...]
How Much Should I Pay for a Termite Inspection?
You’re on your way to buying a house, you’ve run a check of your FICO score, got pre-approved for a mortgage, and also deposited some earnest money (usually held in escrow, typically by the company that will conduct the closing). Now is the time for a general inspection of … [Read more...]