Category: Financing

Once you have a property under contract and you’ve performed an inspection, it’s time for your loan officer to secure a purchase appraisal. Be aware that an appraisal will almost always render a lower value than you determined in your …Read more  »

Before I break down the risks of investing, one of the most important things you need to look at is; what is the risk of not investing? Whether in businesses, real estate, stocks or mutual funds - what's the risk …Read more  »

This article is Part 3 of a four-part series on Land Trusts.  You can find Part 1 here: Understanding Land Trusts Now you may be asking — how is the land trust going to help me with my lender? The …Read more  »

Since 1971, when mortgage rates first started being tracked, they have ranged from a high of 18.63 percent in the early 80′s to a low of 3.20 percent in late 2013.  Currently, rates are still relatively low and for many …Read more  »

There are many good reasons to have your property valued. Whether you are applying for a home equity loan or refinancing your mortgage, having an accurate reading on what the value of your property is will be important in achieving …Read more  »

Long-term mortgage rates continued to move lower this week, with a 15-year fixed-rate mortgage falling to a record low for the second consecutive week. The weekly rate report from Freddie Mac says 30-year fixed-rate mortgages averaged 3.35 percent in the …Read more  »

What is a FICO Score? Most credit bureau scores in the U.S. are calculated from software developed by Fair Isaac and Company. They are commonly referred to as FICO scores and include a rating based on information found in credit …Read more  »

Credit scores can be the deciding factor for many major transactions. Lenders use credit scores to predict future behavior based on your past—if you have a low score because your cable bill is delinquent, then a lender won't think you're …Read more  »

The housing market may be coming back, but a growing number of policy makers have expressed concerns recently that it’s still too hard to get a mortgage. Federal Reserve governor Elizabeth Duke outlined some of these concerns and their causes …Read more  »