Sales of existing homes fell by 5.10 percent in January according to the National Association of REALTORS. Pre-owned home sales slowed to a seasonally-adjusted annual rate of 4.62 million homes against an expected reading of 4.65 million and Decemberâs reading of 4.87 million existing homes sold.
What’s Ahead For Mortgage Rates This Week – February 24, 2014
Last weekâs economic data supported recent reports indicating that housing markets are slowing, The National Association of Home builders/Wells Fargo Home Builders Index (HBI) dropped by 10 points to a reading of 46 for February.
Smart Ways To Create Equity Within Your Home
Home equity is the difference between what your home can sell for and what you owe on it. Generally, the longer you own your home, the more equity you build.
What Are The Requirements To Sell A Home Using An FHA Loan?
Before an owner can market a property to buyers that want to use a FHA loan, he will want to familiarize himself with the FHA’s standards. FHA won’t insure loans on just any property.
While their standards aren’t as stringent as they used to be, a home needs to be in relatively good condition to qualify for FHA financing.
What Is A Mortgage Pre-Approval?
When you are purchasing a home, your broker may recommend you obtain a mortgage pre-approval before you find the home of your dreams.
What’s Ahead For Mortgage Rates This Week – February 18, 2014
Last week’s economic news was dominated by the first address by the new Fed chairperson, Janet Yellen.
Tuesday’s news included the Jobs Openings report for December 2013, which matched November’s reading of 4.0 million jobs available.
What To Consider When Buying A Fixer-Upper
In your imagination it seems like a great idea â you purchase an older run-down property and you have the chance to fix it up and turn it into the home of your dreams.
How A Mortgage Pre-Approval Can Help You Get A Better Deal On Your Home Purchase
Oftentimes, when you are searching for a new home, it may seem obtaining a pre-approval for your mortgage loan is a waste of time and energy.
Can I Have A Co-Signer For My Mortgage Loan?
Like credit cards or car loans, some mortgages allow borrowers to have co-signers on the loan with them, enhancing their application.
3 Important Credit Considerations Before You Apply For A Mortgage
Before applying for a mortgage, borrowers need to build a plan for how they are going to manage their credit both going into the process and as they go through it.
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