We guess that the fact that young people are not interested in buying a home at once these days has been a big contribution to the fact that the housing industry has never truly recovered from the Great recession. This means that while the interest…
Month: May 2016
Compared to 2015, This Year's Refinancing Bids Have Doubled
In a world where the mortgage payment’s interest gets as high as it can be, the refinancing is… Have interest rates fallen? Do you expect them to go up? Has your credit score improved enough so that you might be eligible for a lower-rate mortgage?…
Why filing for a bankruptcy must always be your last resort
Many mortgage payers are not aware that their scrutiny can be healed with a proper refinancing process… So before stopping at the doorstep or your homeownership dream, think again and reconsider it by taking a look at your refinancing options. Let’s start with the fact…
Did Brexit Damage the UK's Housing Market?
Home Estate agent Foxtons saw profits drop dramatically by 42 per cent in the first half of the year on the back of sharp downturn in the London housing market. The house seller blamed the EU Brexit decision for the slowdown, which it said will…
When Buying Tops Renting a Home
The house with a white picket fence is the epitome of the American dream. But the financial benefits of buying a home rather than renting have yo-yoed over the years. From 2004 to 2006, for example, it was more favorable to rent, but buying made…
9 Facts About FHA Loans
Mark Carmichael about investment risks
by Steve Ayokee
Think you can’t qualify to buy a home? Don’t give up hope. The Federal Housing Administration (FHA), a government agency, allows borrowers to take advantage of a low down payment, reduced closing costs, relaxed lending standards – and insures your loan, which is offered by a FHA approved lender. So, if you are wondering, “what…
Should You Get a No Money Down Mortgage?
Buying a home is probably the largest purchase you’ll make in your lifetime. And choosing the right type of mortgage loan is one of the most important decisions you’ll make in the homebuying process. With so many different options out there, it can be…