Mortgage Myths - Fannie Mae’s study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. ¹ Breaking The Mortgage Myths Fannie Mae Key Survey Findings There is a significant lack of understanding about minimum mortgage qualification criteria not only among consumers in general but, [...]
Rent-Buy: Unless you're paying cash for a home you have a mortgage to pay each month. There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage [...]
Make Over Projects - Page 2 (continue from page 1) Faux Painted Deck 4. Paint a Faux Floor Rug on Your Decking Make Over Projects - Page 2: Punch up a boring old deck with a faux rug. This is a fairly low-cost project with a big wow factor, and one you can [...]
2005 Again No - Recent research by the National Association of Realtors (NAR) examined certain red flags that caused the housing crisis in 2005, and then compared them to today's real estate market. Today, we want to concentrate on four of those red flags. Price to Rent Ratio Price to Income Ratio Mortgage Transactions House Flipping [...]
Home Office Trend - The rise of the internet and increased telecommunication abilities have led to more and more people working from home. It’s now thought that freelancers working from a home office brings $715 annually to the US economy, and many more of us divide our time between working from home and working from a [...]
Home Sales Rising - The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Home Sales Rising Homes priced between $100-250K showed a modest increase at 3.4%. This not only points to the lower inventory [...]
Mortgage Rates August 2016: Average fixed mortgage rates declined after nudging slightly higher for three consecutive weeks, according to the recently released Freddie Mac Primary Mortgage Market Survey® (PMMS®). Mortgage Rates August 2016 The 30-year fixed-rate mortgage (FRM) averaged 3.43 percent with an average 0.5 point for the week ending August 4, 2016, down from [...]
Want a Home - No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it's a certain scent or a favorite chair, the emotional reasons why we choose to buy our own home are, more often than not, the more powerful or [...]