5 Things to Look for in a Rental Listing
Lackluster listings abound – learn to cut through the clutter and spot the keepers.
Lackluster listings abound – learn to cut through the clutter and spot the keepers.
Last Friday, the Federal Housing Finance Agency (FHFA) announced plans to increase guarantee fees (g-fees) on loans sold to Fannie Mae and Freddie Mac. Banks and lenders pay Fannie and Freddie so-called âg-feesâ in exchange for purchasing their loans and bundling them into mortgage-backed securities, which are then sold to investors on the secondary market. [&hellip
The post Why Your Mortgage May Get More Expensive first appeared on The Truth About Mortgage.
A while back, I mentioned that it appeared as if we were running out of homes for sale, despite being just years (or days) out of the housing crisis. I was being somewhat facetious, but itâs true that there are very few homes for sale these days, at least in areas where people want to [&hellip
The post Housing Inventory Lowest Since 2007, But Median Price Unchanged first appeared on The Truth About Mortgage.
When it comes to owning a house, the decision whether to build or buy is one you have to contend with. Each option comes with its set of advantages and disadvantages. For instance, buying ensures you become homeowner in record time as opposed to building which takes longer. Whichever option you settle on, it helps […]
The post Pros & Cons to Building Your Own New Home appeared first on Credit Absolute.
If youâve listened to the news lately, youâve probably heard that home prices are on the mend, big time. The latest piece of good news comes courtesy of S&P Dow Jones Indices, which released its S&P/Case-Shiller Home Price Indices report yesterday. It revealed that average home prices increased 8.6% and 9.3% for the 10- and [&hellip
The post Five Reasons Home Prices Are Rising Like Crazy first appeared on The Truth About Mortgage.
Know what the job entails before you dive in head first.
During an interview with CNBC this morning, Ara Hovnanian of K. Hovnanian Homes expressed that heâs not worried about higher mortgage rates hurting the housing market. In fact, the mega home builderâs CEO actually thinks weâre in the âearly inningsâ of the housing recovery, noting that housing starts are still way below the expected average [&hellip
The post Hovnanian: Higher Mortgage Rates Will Just Lead to Smaller Homes first appeared on The Truth About Mortgage.
As I warned over the past few weeks, affordability is becoming a major issue for the overheated housing market. And weâre finally beginning to see a few pieces of data that back up these concerns. This morning, the California Association of Realtors released a troubling report about housing affordability in the Golden State. The group [&hellip
The post Only 36% of Buyers Can Afford a Home in California, Lowest Share Since 2008 first appeared on The Truth About Mortgage.
You’re ready to move on, but that doesn’t mean you have to let go of your first property.