Buying a new home at the same time as you’re selling your old home is all about timing and some luck, of course. And while you can’t control everything that happens during the complicated buying and selling process, there are some things you can do to set yourself up for smooth closings — maybe even […]
Home Tips
The Process of Applying for a Reverse Mortgage
If you are retired or preparing to retire, money may be a major concern. When you are not earning as much as you used to, even your regular living expenses can become difficult to pay. Additional medical expenses can easily pop up when you retire, and you may also just want extra money with which […]
Bridge Swing Loan
A short term bridge loan is commonly used to “bridge” the gap between escrow closings from one property to another. This can allow you extra time to sell your own home and still buy the home of your dreams now. A Real Estate Residential Mortgage Bridge Loan Buying a first home is a bit less […]
Reverse Mortgages: How Do They Work?
Reverse mortgages are loans against the equity built up in your home from years of making payments. There are simple guidelines on who qualifies for these loans and when they may be applied for. Allow your home to pay you every month. No income is required to qualify, and there are few disadvantages to a […]
Free Online Mortgage Payment Calculator
You can use this helpful mortgage payment calculator to see how various interest rates will affect your monthly payments. The Mortgage Bankers Association reports that as of May, 2011, 12.31% of mortgage borrowers are delinquent at least one payment, and many are facing foreclosure. According to Fannie Mae (Federal National Mortgage Association) the increased number […]
The Basics of Selling a Home
The prescribed process for selling a home varies from state to state. Most real estate agents will be glad to help figure out the market value of your house. They will also give you advice about what to do to increase property value. Before listing your house, there are important steps to take in order […]
Mortgage vs Home Equity Loans
When you are comparing a Mortgage vs Home Equity Loan, you will probably see ads for lenders offering fixed rate mortgages for a low rate. An old mortgage type is making a comeback … Meet SAM, a Shared Appreciation Mortgage or SAM for short. In the 1980s, when lending interest rates were high, the shared […]
How to Sell Your Home
There are many things you can do to improve your chances of selling your house at a great price. On the other hand, there are also things that will drive away potential buyers and leave you wondering what happened. What can you do to design your home to sell? Check out these tips before putting […]