Your home equity can be a valuable resource to you, depending on your financial situation. Your equity is the interest you have in your home, as the owner. Your equity increases over time in two ways. Equity increases if your property valu...
One may or may not be familiar with the term ‘government backed’ but it might be a bit confusing at first. First, what it’s not, isn’t a guarantee someone is going to get a mortgage because it’s backed by the federal government. ...
Hey, Millennials. Come on into the real estate market! We really need you to buy some homes so we can keep chugging along. Oh, wait. Prices are rising and so are interest rates, plus inventory is scary low. Hmmm. Well, come on in anyway, w...
Financing for new construction as well as financing an existing home both involve getting a loan with real estate as the collateral. They’re both the same in that manner but clearly different in others. Let’s look at the differences be...
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When the coronavirus pandemic gutted the strongest U.S. economy, many assumed another recession would bring rock-bottom home prices along with it. Instead, home prices defied logical assumptions—and soared to new ...
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If you're looking up "FHA loan requirements," you are very likely wondering if you qualify for an FHA loan. These mortgages, which are insured by the Federal Housing Administration, help home...
The costs of selling a home can add up — don't let them surprise you, or your budget.
One of the goals of selling a home is usually to make money, but there are costs of selling a home, too. Here’s a breakdown — including the tax ...
Whether you’re considering buying an existing home or purchasing a tract of land on which to build a new home, both options require considerable research. Both options also have some important differences you should be aware of so that y...
WRITTEN BY DAVID REED
Title insurance is indeed an insurance policy but is only needed when financing a home or refinancing a home loan. For the relatively few times someone can take out a home loan, the concept and utility of title i...
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Record-low mortgage interest rates have been a boon for buyers on a budget, even luring those who have been on the sidelines into the housing market. But that influx of buyers has made an already severe housing shortage wor...