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A Few Red Flags To Look For When Buying Real Estate

If you're looking to purchase real estate, keep in mind that the homes you are considering might be in need of repairs or improvements. In a recent study done by a major home inspection company, at least 40 percent of previously owned homes on the market have at least one serious issue or defect. When buying real estate, you should have a professional inspection performed on the property to look for any issues that might not be visible to the untrained eye. It's better to identify this damage before you buy so that you are not stuck with budget-busting renovations.…
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Important Tips To Do When Behind On Your Mortgage Payments

What happens if you go through a tough financial period and you find yourself behind on your mortgage payments for your home? If you are missing mortgage payments and are having difficulty paying, this can become a serious problem. Even just one missed payment can be difficult to catch up on, and if you are in this situation it is important to get help right away. Contact Your Lender The first step in this circumstance should be to get in touch with your mortgage lender to explain the situation. Simply leaving things alone and not explaining why you have missed…
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What’s Ahead For Mortgage Rates This Week- August 5, 2013

The past week brought encouraging economic news from several sources. The FOMC statement indicated that the Federal Reserve has not set a date for rolling back its quantitative easing program and ADP reported more private sector jobs added than expected. While weekly jobless claims were fewer than expected, the national unemployment rate remained elevated: Monday: Pending Home Sales: The National Association of REALTORS reported that sales contracts fell in June due to rising mortgage rates and a tight inventory of available homes. Tuesday: The S&P Case-Shiller Home Price Indices showed that national home prices increased by 12.2 percent annually. All 20 cities used…
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5 Important Summer Deck Inspection Tips

Summer seems to be slipping away quickly. And, while you've hosted many barbecues on your back deck, you might not have had time to properly take care of it. August is the perfect month to conduct a deck inspection and make any repairs before the time comes to prepare it for winter. Below are tips on some issues to watch for and how to fix them. Inspect The Deck It's important to do a thorough inspection of your deck every summer. You don't want to step through a rotted board or have a railing break away from under you. Be sure…
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