Getting a home loan can be a challenging process, and a finicky one. Qualifying can be challenging and once a buyer gets approved, it can be surprisingly easy to derail the process.
Don’t Make These Mistakes When You Want To Get A Home Loan
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The FHA loan changes that all prospective homeowners should know of
There’s a saying that the only things that we’re certain of, are taxes and death. Just as we know that we will die someday, we also know that we have to pay taxes but we’re not always sure about how we will be taxed and the hardest thing to understand is the income tax. If… Continue reading The FHA loan changes that all prospective homeowners should know of
Getting Over Sandy: How to Make It Through
The following includes information regarding damage control immediately following Hurricane Sandy. Erik Braunitzer is a writer for Douglas Elliman, brokers for NYC, Long Island and Hamptons Real Estate. Many of America’s cities and towns won’t be the same after Hurricane Sandy. The storm struck the northeast with a force, terrorizing millions of people through Long… Continue reading Getting Over Sandy: How to Make It Through
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Simple Real Estate Definitions : Short Sale
A “Short Sale” is when a home seller sells his home for a lesser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff.
What’s Ahead For Mortgage Rates This Week : February 1, 2010
In a news-heavy week, mortgage markets improved last week, adding to a 3-week rally. But, given last week’s data and domestic story lines, it’s surprising that rates actually fell.
Home Values Rose In November 2009 By Another 0.7 Percent
Reporting on a two-month lag, the government said home values rose 0.7 percent in November. National home prices are at their highest point since February 2009. But before we look too much into the FHFA’s Home Price Index, it’s important that we’re cognizant of its shortcomings; the most important of which is its lack of real-time reporting.
A Simple Explanation Of The Federal Reserve Statement (January 27, 2010 Edition)
The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy âhas continued to strengthenâ, that the jobs markets is getting better, and that financial markets are supportive of growth.
A Rate-Locking Strategy Ahead Of The Fed’s Meeting Today
The Federal Open Market Committee ends a scheduled, 2-day meeting today in Washington. It’s the first of 8 scheduled meetings for the policy-setting group in 2010. The group adjourns at 2:15 PM ET. Here is a rate-locking strategy for you.