Tag Archive: buying a home

Credit Score Vigilance Rewards Future Homeowners

Your credit score will have a major impact when it comes to the cost you wind up paying for a local mortgage. A buyer with a high credit score of 750 or above will qualify for the most competitive interest rates available; but today’s tightened lending standards mean that some borrowers with scores under 600 …

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Contingency Strategy for Low-Risk Foreclosure Investors

Despite the winter’s chilling effect on all sorts of sales, February saw single family homes, condominiums and townhomes selling nationwide at a full 7% increase over a year earlier. The opposite is true of foreclosures—no surprise, since the health of the market means fewer serious borrower delinquencies, hence fewer foreclosures.
Even so, local foreclosures are still …

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Lender Fears Quelled via Mortgage Insurance

Many of the area’s would-be first time home buyers are stopped short when they come up against the need to raise the initial deposit. But just because you don’t have a hefty down payment, it needn’t mean you can’t own your own home. You can still purchase a house with less than a 20% down …

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Real Estate Sales Depend on Preventing Common Missteps

The slick, entertaining formats of HGTV’s many buying and selling programs makes for great entertainment – but, as anyone who has ever actually bought or sold a house knows, they tend to leave some key information on the cutting room floor. Sure, real estate sales in town can in fact involve elements of creativity, presentation, …

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Investors Watch Millennials’ Tilt to Apartment Lifestyle

Real estate investors come from every kind of background, but all share a common trait: they like to think ahead. For that reason, investors eyeing local apartment building prospects may want to take a close look at what’s going on with the Millennial generation.
For those of us who are a bit uncertain about which group …

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Ins and Outs of Piggyback Loans

It’s another aftereffect of the rise in housing prices: piggyback loans in town are making a comeback. According to a recent American Bankers Associations report, the number of piggyback loans originated across the nation more than doubled within the past year.
A piggyback loan involves taking out two mortgages simultaneously, with a home equity loan (aka …

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For the Self-Employed, Getting a Loan Takes Planning

You don’t have to tell anyone who is self-employed that there are extra costs that go with the benefits. In addition to the long hours and weight of responsibility that come with the job description, getting a home loan has always added special challenges. Now that we are into the new Dodd-Frank era of federal …

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Listing Activity Gets a Weekend Dose of Good News

spring-real-estate

Real estate offices have been gearing up for the imminent spring selling season, the time when local listings swell to meet the expected surge in buying activity. We sometimes put quotes around ‘selling season’ because so many factors go into home sales that it can be slightly misleading—we do sell homes all year long, after …

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Real Estate Books Aid Buyers, Sellers, Investors

When it comes to making the most of local real estate, knowledge is power. The schools didn’t teach us anything about selling a home or how to decide which home to buy, yet those are subjects that have lasting impacts on our lives. When such key decisions are in our immediate future, we come face-to-face …

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Buying a Home: What About Flood Insurance?

It can be perplexing—and not least because it’s one of the least-discussed details you run into when buying a home. The issue is flood insurance, and it’s sometimes first brought to the fore when you are buying a home in town that you would not have thought was on a “flood plain.” If it is, it’s going …

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