By Kevin Chiu Everybody needs a rich uncle when it comes to buying a home. The problem is most of us simply aren’t related to the kind of money needed to buy a home so getting a mortgage is the answer. However, in the credit crunch it’s gotten harder for many people to find financing.… Continue reading Alternatives to Conventional Mortgages
Category: Advice
How to Buy a Home in the New Economy
By John Hines So you’ve searched the Internet day and night — Looked at hundreds of homes for sale — Filled out the forms at the bank to get pre-qualified only to find out that they won’t give you a mortgage. Perhaps your credit score isn’t high enough to fit into the underwriter’s new higher standards.… Continue reading How to Buy a Home in the New Economy
How to Fix Housing
By Mike Colpitts Editor When a surgeon goes in with a scalpel to cut he goes directly to the problem area to take out the cancer. The doctor cuts out the bad area and stitches the skin back up to heal. With all of its debate, it’s no different in real estate. The poison loans… Continue reading How to Fix Housing
Benefits of FHA Loans
FHA loans are fast becoming a popular option for home buyers, and rightly so. With their backing from the federal government they are appealing not only to the home buyer but also to the lender. Today’s lending markets are tough; good credit, significant down payments and steady employment is necessary. FHA loans make these requirements… Continue reading Benefits of FHA Loans
How to Get a FHA Loan
Pre-Approval Benefits You’ve heard about FHA loans and you are interested, but how do you get them? Once you know that this is the type of loan for you, you’ll need to go through the pre-approval process. This process is similar to that of a conventional loan (a non FHA insured loan.) The process is… Continue reading How to Get a FHA Loan
Home Inspection Needed
By Penny Shreve Have you ever bought a vehicle? Chances are you spent time checking it out looking under the hood, cranking it up and driving before you put down the cash. “Why then, would you not have a home inspection done before buying a house?” asks Kevin Shreve of Shreve Home Inspection in Fairfield,… Continue reading Home Inspection Needed
Deep Discounts Offered on New Homes
By David Wilkening One of the most common phrases you hear goes like this: “It’s a great time to buy:” (a) a new paved driveway for your house; (b) a new car; (c) a new home. You will certainly be skeptical of the first two answers and also the third. If you hear (c) from… Continue reading Deep Discounts Offered on New Homes
Finding a Lifesaver in Foreclosure
By Tony Evans Fasten your seat belts folks, it’s going to be a “white-knuckle” flight for a couple paragraphs, then some blues skies and green lights. Chicken Little may be right. H & R Block is unloading Option One Mortgage and its $53 billion sub-prime garbage. Insiders are lamenting that after Bear Stearns cut the… Continue reading Finding a Lifesaver in Foreclosure
Make Money on Investment Property
Bust or Boom How to Make Money on Investment Property By J .M. Buck Here’s a scenario that most of us have encountered: You are in your car miles from nowhere. Driving across an endless rural landscape pocked by random truck stops and the occasional ramshackle trailer court, you catch out of the corner of… Continue reading Make Money on Investment Property
When Is The Best Time To Sell A House? Aim For This Particular Time Of Year
Selling a house can be daunting. Following the 2007 housing bubble, a major factor in the 2008 financial crisis, it is understandable that homeowners think carefully about when they should put their house on the market. So, when is the best time to sell a house? When Is the Best Time to Sell a House?… Continue reading When Is The Best Time To Sell A House? Aim For This Particular Time Of Year