So, the $8,000 first time home buyer tax credit is gone. Now what? You missed the buzzard, and what motivation do you have to run out and buy a property, right? Well, did you know that in late June interest rates hit the lowest point in HISTORY? For a 30 year fixed rate mortgage, you're looki
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07/18/2010
The two rooms that benefit most from even small renovations are the kitchen and bathroom. To really amaze home buyers, apply the following suggestions for Bathrooms. Bathroom FixturesGet rid of outdated bathroom fixtures like pink toilets, seashell sinks and old light fixtures. This includes colo
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07/18/2010
For better or for worse, there are a lot of foreclosures hitting the housing market right now ! While it may seem like an ideal situation, purchasing a home for less than it's worth; you need to make sure you take the proper precautions before taking that leap. Here are a few tips: Choose realtor
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07/18/2010
First: Pay Off Your DebtIt's a common mistake for home-buyers-to-be: They focus on saving as much money as possible for a down payment instead of paying off other debts. A better approach is to use extra cash to eliminate credit-card and other high-interest consumer debt � even if that means you
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07/13/2010
When considering your mortgage, lenders look at a variety of factors, including your ability and willingness to repay the loan. Your ability to repay is verified by your current employment and total income. Your willingness to repay is closely related to how you've fulfilled previous financial
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07/13/2010
For most first-time home buyers, saving enough money for a down payment is the biggest hurdle to owning a little piece of paradise. Traditionally, lenders have required a down payment of at least 20% of the home's purchase price. However, lenders will now accept less than that if the borrower tak
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07/13/2010
Getting a subprime, or non-conforming mortgage, just got a lot harder. Wells Fargo, the third-largest bank in the U.S., announced it is closing a division devoted to issuing what they call "non-prime" mortgages, car loans, and credit-card loans. The bank will no longer issue subprime loans and is
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07/09/2010
I am happy to report that Congress has passed a bill extending the Homebuyer Tax Credit closing deadline to September 30, 2010. This is a huge win for REALTORS® and homebuyers, and NAR worked closely with members of Congress to make it happen.The extension applies only to transactions that had
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07/01/2010
NEW YORK (CNNMoney.com) -- Foreclosures accounted for a third of all sales -- and sold at a nearly 30% discount -- during the first three months of 2010. According to a new report from RealtyTrac, the marketer of foreclosed properties, 31% of all sales were foreclosures. And homebuyers purchasi
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06/30/2010
