Tag: home buying

 

5 Creative ways to come up with a down payment and buy a home
Is a lack of down payment holding some people back from buying a home? That seems to be true, as coming up with the down payment is the #1 reported obstacle to homeownership according to various surveys, especially with Millennials and younger buyers. (We covered the current state of down payments in real estate in […]
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California down payment assistance is here!
Looking to buy a house but you can’t seem to put together the money necessary for a down payment? You’re not alone, as coming up with the cash necessary for a down payment is the #1 obstacle for home buying, above credit scores, making enough money to pay the mortgage every month, and every other […]
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20 Ways homebuyers can get their purchase offers accepted in this seller’s market
There is no doubt that many areas of the country are in a seller’s market, with some regions like Sacramento, California suffering significant housing shortages that are contributing to price hikes. Too often, homebuyers are facing stiff competition when they make purchase offers, even if they are well qualified, only to be outbid by droves […]
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7 Ways to prepare to before buying a house
Are you thinking about buying a home? Whether it’s your first time, you’re targeting your dream home, or downsizing for retirement, purchasing a home can be a fast-moving and overwhelming process. However, it’s one that’s critical you get right, with hundreds of thousands of dollars (and your daily living conditions!) on the line. The good […]
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FHA lowers mortgage insurance premiums to help home buying
This week, consumers looking to buy a home in 2017 using the popular FHA loan program got a bit of good news. On January 9, U.S. Housing and Urban Development Secretary Julián Castro announced that the Federal Housing Administration (FHA) will reduce its mortgage insurance premiums pay by a quarter of a percent per year. […]
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Balancing the seesaw of home prices and mortgage interest rates.
If you look at data for the housing market over time, you’ll notice that home prices and mortgage interest rates usually work like they’re on opposite ends of a seesaw. Typically, when mortgage interest rates are at their lowest, it usually means home prices are on a steady incline to towards their peak. And when […]
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Why a pre-approval is essential for smart homebuyers.
  “Don’t worry – I’m totally pre-approved!” is something Realtors hear all the time. But then when it comes down to writing an offer on the home of their dreams, they’re exposed when the financing portion of their paperwork comes up. In reality, they may only be pre-qualified, not pre-approved, or maybe they only spoke […]
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How many people work on a mortgage loan?
If you’ve ever taken out a mortgage loan, whether when buying a house or refinancing, you found out it’s a very detailed process, with lots of communication and hard work between you and your mortgage broker or loan officer. But while it may seem that a loan is a one-on-one proposition at times, in fact, […]
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Answering Your Top 8 Questions About Escrow
If you’re refinancing your mortgage or buying or selling a home, there are a lot of dedicated professionals working on your behalf. But perhaps none is more important than your escrow company, which has an invaluable role in protecting all parties and making sure the deal progresses and then closes as it should. Here are […]
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