Real Costs of Home Ownership

Posted April 12th, 2010

How Much Does It Really Cost to Own A Home?
Even these days, with real estate in a bit of a slump, new neighborhoods still pop up in my local area. I see signs on the new construction, and even in store parking lots, advertising that people can purchase a home for less than the cost [...]

Avoiding PMI For Home Buyers

Posted February 22nd, 2010

What is Private Mortgage Insurance?
It seems like so many types of insurance have different names that have the word mortgage or home in them that many consumers get confused. But private mortgage insurance is a product that many lenders require to qualify home buyers for their loans. It protects the lender, but not the borrower, [...]

The Costs of Homeownership

Posted January 31st, 2010

How Much Will It Cost to Own a Home?
A lot of us tend to hold home ownership us an ideal. We consider renting a thing that is done as a temporary way to get a place to live when there are no other options at the moment. And yet, is buying a home always the [...]

Rent or Own - The Real Cost of Home Ownership

Posted October 26th, 2009

Should You Rent or Own a Home?
I understand the attraction of buying a home. It provides security, stability, and for many, the largest asset that the family owns. Most families must take out a home loan, but the interest can be deducted from state and federal income taxes. So, even without the current stimulus plan, [...]

How to Qualify for a Home Mortgage, even if…

Posted August 1st, 2009

Can You Qualify For A Home Mortgage?
Many people think this is a good time to purchase a home, especially when interest rates are low, the government has incentives for some buyers, and there is plenty of housing inventory. If you rent now, you may also want to look at this article: Should you rent or [...]

Home Prices at 5 Year Low Because of Recession and Foreclosures

Posted February 12th, 2009

Home Prices Dropped 12 Percent In The Last Quarter

Distressed sales, including foreclosures, drove the price of single family homes down to a national median rate of about $180,000.
Distressed home sales accounted for almost 40% of the sales. This done mean that this inventory is slowly being absorbed back into the economy.
Some home buyers may benefit [...]

Lease To Purchase Homes In a Tough Mortgage Market

Posted November 10th, 2008

Need To Buy, Sell, or Invest in a Home In Today’s Tough Mortgage Market?
This is a tough mortgage market all around the USA, but transactions are still going on, and people are still getting homes even when they do not have perfect credit. And sellers are able to find a larger pool of buyers by [...]

Possible Advantages of Freddie Mac / Fannie Mae Takeover

Posted September 10th, 2008

Possible Benefits of the Fannie Mae / Freddie Mac Takeover
I posted an article: Who Does The Mortgage Giant Bailout Help?
Since then, I’ve had some time to look at the issue a bit more, and here are some possible benefits to home buyers who want a mortgage:

Fannie and Freddie will now be primarily focused on proactively [...]

Who Does the Mortgage Giant Bailout Help?

Posted September 7th, 2008

I you think that the mortgage giant bailout by the federal government is there to help the average guy (or gal) who is struggling to hang onto a modest home, think again. Sure Joe and Jane Six Pack will help pay for it with his federal income taxes, but it is this move intended to [...]

Home Foreclosures Hit The Roof!

Posted September 7th, 2008

It is one thing to read that a record 1.2 million U.S. homes were in the foreclosure process the second quarter of 2008. It is another thing to consider that this figure represents almost 3 percent of all outstanding home loans. And keep in mind, this is only during the second quarter, or a 3 [...]