Is the short sale process really more advantageous for the seller, or is foreclosing the safest route to take? What criteria should a homeowner meet, in order to qualify for a short sale? How do short sales really match up to foreclosures?—and, after all is said and done, … [Read more...]
Is It a Good Idea to Pay Mortgage with Credit Card?
You’ve got a mortgage and a credit card—join the club. That makes you very similar to roughly two thirds of the wage earning American population. Now, if you’re a member of that extended category, you’ve probably already asked yourself a common question: ‘can I pay my … [Read more...]
The 2 Main Options for Selling your House When You Can’t Make Mortgage Payments
It’s unpleasant and potentially dramatic, yet the recession and its aftermath saw quite a lot of it: borrowers failing to meet mortgage payments and being forced into a foreclosure. When a property is foreclosed, the lender takes over ownership of it and the borrower gets … [Read more...]
The Lowdown on CFPB Mortgage Rules and Reforms Applied to Them
The Consumer Financial Protection Bureau (CFPB, in brief), watches over just about all the segments of the US economy, in order to make sure that the consumers’ best interests are protected in all areas related to financial services and involving transactions. The mortgage … [Read more...]
How to Find and Use a Mortgage Payment Calculator
When you’re trying to finally buy a new home for yourself or your whole family, or when you’re simply tight on cash for any reason and you need to place a second mortgage on your home, one of the most common issues is determining a correct rate to expect. The hassles and … [Read more...]
Is Now a Good Time to Refinance Your Student Loan?
A simple question: is now a good time to refinance student loans? The answer is a resolute yes. The student debt crisis in the U.S. is so serious that even Congress took note of it and tried to make amends by passing a relevant bill. Best known as REFI (Refinancing Education … [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...]
2015 Real Estate Trends
The New Year has just rolled around and everyone and their grandmother is keeping fingers crossed that 2015 will actually spell the end to the recovery from recession. As much as experts, buyers, sellers, and pundits might wish that this year marks a time of new found health … [Read more...]
Is Buying a Short Sale a Good Deal?
Ever heard of buying a short sale? Ever had someone try to explain the concept to you, only to leave you scratching your head as to what all those big words mean? In today’s post, we’ll be tackling the process of buying a short sale, starting from the short sale definition, … [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...]