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Should You Finance The Sale Of Your Home By Yourself?

You've decided to put your home up for sale. Now, how are you going to make the most money selling it and get it sold the fastest? Perhaps you should consider providing owner financing, also known as seller financing.  Why Isn't The Buyer Getting Bank Financing? Usually a buyer gets bank financing when buying a home. If the buyer approaches you with a deal that involves you doing the financing, you'll want to ask why.  It could be that they can't afford a big down payment, and can't be approved for a loan without it. Or, they may not be…
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What To Do When Your Real Estate Loan Is Declined

There are many reasons why a mortgage loan could be declined. It doesn't have to be the end of your real estate dreams. Here are a few things to consider if you've been turned down for a mortgage. Loan-To-Value Ratio The loan-to-value ratio (LTV) is the percentage of the appraised value of the property that you are trying to finance. For example, if you are trying to finance a home that costs $100,000, and want to borrow $75,000, your LTV is seventy-five percent. Lenders don't like a high LTV. The higher the ratio, the harder it is to qualify for…
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What’s Ahead For Mortgage Rates This Week – June 16, 2014

Last week's economic news was quiet in the housing sector, but retail sales and employment-related reports provided indications of less consumer spending and reduced consumer confidence. On Monday, James Bullard, St. Louis Fed President, commented that inflation appears to be rising. Although not a voting member of the Fed's Open Market Committee (FOMC), inflation has been a topic of concern to the FOMC in recent years. Mr. Bullard had previously noted that inflation was stable. His remarks set the stage for this week's FOMC meeting and press conference by Fed Chair Janet Yellen. Analysts expect the Fed to continue tapering…
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What Are The Closing Costs Of Real Estate?

You've found the perfect property and a great mortgage loan with the best interest rate you can find. What's next in the home buying experience? Signing the contracts and paying the closing costs. But what exactly are closing costs? Here Is A List Of The Most Common Closing Costs: Titling Fees - These include the title search and title insurance, and the associated attorney fees. These costs are usually paid by the seller but can be assigned to the buyer. Recording Fees - The government charges a fee to record the change in ownership of the [city] real estate. This…
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