Monthly Archives: May 2012

Qualifying for a Mortgage

To some potential buyers, particularly first-time buyers, the prospect of meeting a mortgage lender may seem a little scary. Lenders ask a lot of questions because they want to help you get a mortgage. If you work with a lender … Continue reading

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SHOULD BANKS REDUCE MORTGAGE PRINCIPAL?

Yes: This can help if it is done for the right people. It can help motivate financially capable people to not walk away from their upside-down home. The problem, however, is that the banks many times will only do this … Continue reading

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Best Times To Buy

A Conventional wisdom says that you need to stay in a home a minimum of five years to ensure that you recoup your purchasing costs. But with some markets soaring, this advice doesn’t always apply. It’s All About the Market … Continue reading

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Home Refinancing Basics

In recent years, millions of homeowners have taken advantage of low rates and refinanced their mortgages. This article describes the advantages and possible pitfalls associated with a “refi.” Before You Start: Remember that refinancing to reduce debt can be a … Continue reading

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Home Prices Begin to Bounce Back

Daily Real Estate News | Thursday, May 24, 2012 The Federal Housing Finance Agency reported that nationwide home prices posted their first gain in the first quarter since 2007. While the gain was modest at 0.6 percent, housing experts note … Continue reading

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Sellers More Willing to Work on Buyer Appeal

Daily Real Estate News | Wednesday, May 23, 2012 Home sellers are more willing to make changes to their home to make it more competitive in the market and more attractive to potential buyers, according to a new survey by … Continue reading

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Housing Affordability Reaches Record Highs

For the median income family, buying a home has never been more affordable, new surveys by the National Association of REALTORS and National Association of Home Builders show. Housing affordability reached a record high for the second straight quarter in … Continue reading

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Valuable real estate most people overlook

Is it possible to double your home’s living area without adding a single square foot? Yes, and it’s no joke. To pull it off, though, you need to change the way you think about the property right outside your home’s … Continue reading

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Positive Signs Abound for Housing

The first quarter of 2012 was the best first quarter for real estate in five years, and pending contracts suggest that the second quarter of 2012 will be the best second quarter in five years, NAR Chief Economist Lawrence Yun … Continue reading

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15-Year, 30-Year, or a Biweekly Mortgage?

In the past, the 30-year, fixed-rate mortgage was the standard choice for most home buyers. Today, however, lenders offer a wide array of loan types in varying lengths–including 15, 20, 30 and even 40-year mortgages. Deciding what length is best … Continue reading

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