Blog – Page 711 of 777

24 Feb 2014

What’s Ahead For Mortgage Rates This Week – February 24, 2014

Mortgage Rates

Last week's economic data supported recent reports indicating that housing markets are slowing, The National Association of Home builders/Wells Fargo Home Builders Index (HBI) dropped by 10 points to a reading of 46 for February. Home builder confidence dropped to its lowest reading in nine months, and fell below the benchmark of 50, which indicates that more builders are pessimistic about current market conditions than not. Severe weather was blamed for the lower builder confidence reading, which fell below the expected reading of 56. Regional readings of builder confidence were also lower: Northeast: Builder confidence fell from 41 to 33…

21 Feb 2014

By Mark Feder

0 Comments

Smart Ways To Create Equity Within Your Home

Homeowner Tips

Home equity is the difference between what your home can sell for and what you owe on it. Generally, the longer you own your home, the more equity you build. This is money you can use before you sell your home through a home equity loan. Just keep in mind that a home equity loan is secured with your home. If you can't make the payments, you can lose your home. Use Your Home Equity In Smart Ways: Remodel Your Home - If you've wanted to add on a family room or modernize your kitchen, consider using your home's equity to fund…

20 Feb 2014

By Mark Feder

0 Comments

What Are The Requirements To Sell A Home Using An FHA Loan?

Home Mortgage Tips

Before an owner can market a property to buyers that want to use a FHA loan, he will want to familiarize himself with the FHA's standards. FHA won't insure loans on just any property. While their standards aren't as stringent as they used to be, a home needs to be in relatively good condition to qualify for FHA financing. Location And Lot To qualify for FHA financing, the property has to be located on a road or easement that lets the owner freely enter and exit. The access also has to be paved with a surface that will work all…

19 Feb 2014

By Mark Feder

0 Comments

What Is A Mortgage Pre-Approval?

Mortgage Tips

When you are purchasing a home, your broker may recommend you obtain a mortgage pre-approval before you find the home of your dreams. There are some benefits to being pre-approved before you find a home, but oftentimes, people confuse pre-qualifications with pre-approvals. So the question many buyers have is what exactly is a mortgage pre-approval? In a nutshell, it's when the lender provides you (the buyer) with a letter stating that your mortgage will be granted up to a specific dollar amount. What Do I Need For Pre-Approval? In order to obtain a pre-approval for your home purchase, you will…