26 Dec 2013
By Mark Feder
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Pitfalls And Warning Signs Of Making A Down Payment

Home Buyer Tips
When you already have a home, you may be interested in determining if a refinance is a good option. You will not have to worry about restrictions on down payments or some of the problems that can occur with a down payment. However, if you are considering purchasing a home in or the surrounding communities, understanding down payment restrictions is important. Gifting Of A Down Payment There are some programs that will allow you to use a gift for your home down payment. However, before you assume this, make sure you talk to your loan officer. Generally speaking, the lender…
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20 Nov 2013
By Mark Feder
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4 Tips To Save For That Down Payment

Home Buyer Tips
In order to save up a huge amount of cash for the down payment on your first mortgage, you need a solid savings plan! When you take out a mortgage on your new home as a first time homebuyer, the more you can pay as a down payment the better. The down payment on a mortgage reduces the principle of the loan and means that you will be paying tens of thousands less in interest payments over the life of the loan. Most financial experts recommend that you should save up at least 20% of the value of the home…
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16 Nov 2013
By Mark Feder
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5 Great Questions To Ask At An Open House

Home Buyer Tips
An open house gives you a great opportunity to look more closely at real estate you might be interested in buying. It also affords you the chance to chat with the owner or real estate agent so you can bring up any issues or hesitations you have with the home. Knowing what to ask can be difficult, so below are examples of questions to ask at the next open house you attend. Why Has The Seller Decided To Sell Now? If you ask why the seller is moving, you could learn valuable information to help determine your offer or possibly…
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30 Oct 2013
By Mark Feder
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Beware Of Zombie Titles

Home Buyer Tips
With the economic downturn, anyone dealing in real estate quickly became familiar with previously little-known terms such as foreclosure and short sale. Now that the housing market is picking back up and people are moving on, a new term is coming to light — zombie titles. The Zombie Title This is when a home has been vacated because the owners defaulted on their loan and their bank started the foreclosure process. However, for some reason or another the bank never completed the foreclosure and sold the home. So, when the city starts fining someone for the overgrown grass and dilapidated…
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