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, then moving on to […]
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 purchase of a new one. […]
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 became very rare, since just about anyone qualified for a […]
How Much Savings Should I Have To Buy a House
The answer to that age-old question on how to buy a house always starts with thinking about the loan this process entails. As such, it’s always immediately followed by another question: ‘how much mortgage can I afford?’ It all depends on your credit rating, of course, as well as on your level of income. If […]
Home Buyers’ Most Pressing Mortgage Questions Answered
Buying a new house can be a source of great anxiety about all kinds of things, and especially about the legal implications of the contract, as well as the rights and options you have as a buyer. Not many home owners can afford a whole legal team to have their backs and sort out all […]
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 can make it more complicated is […]
The Closing Game
Learn the rules of the game from the best players in the industry The process of finding financing for a home can sometimes feel like a game, follow these key steps to stay on top
The Going’s Gotten Tough in the Loan Refinancing World
If you’ve at least considered buying a home over the past four or five years, then it’s no longer news to you that the mortgage and refinancing industry are having a rough time at the moment. But just how tough? That’s a different question altogether and one to which there are numerous multi-faceted answers. However, […]