The Department of Commerce reported July sales of new homes dropped by 2.40 percent over June to a four month low. Analysts noted that although July’s reading of 412,000 new homes sold fell short of expectations and June’s reading, the new homes sector is volatile and subject to change.
What’s Ahead For Mortgage Rates This Week – Aug 25, 2014
Last week’s economic news brought several reports related to housing. The National Association of Home Builders (NAHB) Wells Fargo Housing Market Index for August rose by two points to 55, which was its highest reading in seven months.
Home Buying Tips: Three Items to Watch out for in a Purchase Agreement Contract
The purchase agreement is a vitally important document that outlines the provisions, terms and conditions for the transfer of property. It should be read carefully and any ambiguities should be clarified prior to signing.
Separation Anxiety: How to Deal with a Joint Mortgage Loan in the Event of a Divorce
During the course of a marriage, it is common for the couple to acquire property together. In this article we’ll share a few tips on how to deal with a joint mortgage loan in the event of a divorce.
Lowballing 101: How to Avoid Insulting a Home Seller when Making a Low Offer for Their House or Condo
Buying a home is a huge step for people who are ready to make an investment in their future. Getting a great deal on a home is just as important and knowing how much to offer could be confusing.
Scam Alert! Three Mortgage Modification Scams to Watch out for (And How to Avoid Them)
As if homeowners who are facing foreclosure don’t have enough to worry about, a multitude of loan modification scam artists have invaded the internet, public files and even foreclosure notices in newspapers in hopes of targeting their next victim.
What’s Ahead For Mortgage Rates This Week – Aug 18, 2014
Last week’s economic news brought little housing-related content, but several economic reports in other sectors contributed to overall perceptions of the economy.
Experiencing ‘Purchase Anxiety’? How to Calm Your Nerves Before Committing to Buy a New Home
Whether this is your first big purchase, or your family is moving to a new location or looking for more space, buying a home has its share of ups and downs. It’s perfectly normal to feel anxious about whether or not you’ve found the right property.
Can’t Get Pre-Approved for a Mortgage? Here Are Three Tips to Try to Get a Mortgage Approval
Few people in the world can afford to pay the entire cost of a new home upfront, which is why banks and other financial institutions offer mortgages. If you are having trouble getting approved for a mortgage, try using these easy tips.
Mortgage Terms 101: Understanding ‘Cash-Out Refinancing’ and How to Determine if It’s Worth It
By learning more about what a cash-out refinance is and what the pros and cons of this type of refinance loan are, you can make a decision that is best for your current and future plans.
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