Blog – Page 736 of 785

13 Nov 2013

3 Tips To Sidestep These Common FHA Loan Hang-ups

Mortgage Tips

FHA loans are becoming increasingly popular these days as potential homeowners are not able to qualify for mortgages from traditional lenders. The FHA insures these high-risk loans, in turn allowing borrowers with low down payments and less than perfect credit to purchase homes and bolster the housing market. However, getting through the loan process with the FHA is more difficult than with a traditional lender, and you may need to cope with some of these common loan hang-ups. Property Condition You can't buy just any property with a FHA loan. The appraiser must deem it to be livable, without any…

12 Nov 2013

By Mark Feder

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5 Reasons You Might Need To Consider Non-Traditional Financing

Personal Finance

Private Money financing refers to loans collateralized by real estate, where the source of the funds used to close Real Estate transactions come from private investors. The decision by the investors to make a loan is based primarily upon plenty of equity in the real property securing the loan thus reducing the risk of loss. The ability to repay, and the borrower's character is also considered along with how the borrower will pay the investor back in time. Private Money loans are needed when a borrower or a property falls outside the standard underwriting rules of conventional lending sources like banks…

08 Nov 2013

By Mark Feder

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Creative Ways To Recycle Everyday Household Items

Around The Home

Every week the trash truck comes to pick up our garbage and unwanted items, which are promptly taken to landfills. Instead of filling landfills and just buying new items to stuff our homes, we can help the earth and recycle everyday household items. Below are a few fun and creative ideas for recycling things around your home that you might be ready to trash. Coffee Table Into Bench If you just purchased a new coffee table, don't give away the old one — repurpose it. Find a space in your home where you could use some additional seating, like at…

07 Nov 2013

By Mark Feder

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Factors To Consider When Applying For A Home Mortgage

Mortgage Tips

Owning a home can be a sign of independence and success. It allows you to build up equity and the mortgage interest and property taxes are tax-deductible. What can you do to make a home affordable for you? Reputable lenders look at a list of criteria to decide how much they'll loan you. This List Includes: Credit score Existing assets including cash Car leases or loans Credit card balances Debt consolidation loans Home equity loans Installment loans Student loans Other monthly debts Size/source of your down payment If you'd like to get an idea of what you can afford before…