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Tools That Made Our House Hunting Easier

When we were in the market for our first house six years ago, we pretty much relied on our realtor for everything: She found listings for us and she took us to see the houses. This time around, things are a lot different than last time. Though we still relied on our agent to take […]

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Five Pitfalls to Avoid When Buying or Selling A House

Like a lot of Americans across the country right now, my neighbors have put their house up for sale.  They want to downsize and lower their monthly mortgage payment.  The house has been on the market for a few months now.  It’s a good size house, is well maintained and is in a desirable neighborhood […]

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Minimum Credit Score for FHA Loan To Raise to 620

Fannie Mae, the mortgage insurer, announced early this week that it is revising the eligibility, underwriting, and pricing policy to support housing market liquidity and sustainability. In a statement (PDF file) released on Tuesday, Fannie Mae said that starting December 12, 2009, the minimum credit score will be increased to 620 for all loans delivered […]

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What Is FHA Loan?

The process of selling our house is moving forward. This morning, our attorney told that the attorney review has completed and now the house is officially under contract. The buyer will do the home inspection this weekend. After that we will move to Virginia and leave the house and all other matters to our agent, […]

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Why You Need To Become a Real Estate Investor

Real estate investing is one of the fastest growing industries in the world today. Though to a substantial extent the global economic recession has hit the industry, the future looks bright and thus as a real estate investor, you stand to continue gaining in the long term. In fact, some wise sage said that in […]

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Rate of Our Adjustable Rate Mortgage Will be Adjusted Next Month

When we bought our house nearly five years ago, we chose a 5-year ARM (from Countrywide BTW) over a fixed rate because we didn’t plan to stay in this 3-bedroom townhouse for 5 years. So it made more sense to get an ARM, which was about 1% less than fixed 30-year mortgage, to save some […]

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New Rule Opens Door for Online Real Estate Brokers

and home buyers could save hundreds or thousands of dollars on commissions as online real estate brokers can compete with their local counterparts more effectively. The Justice Department yesterday announced that it has reached a tentative settlement with the National Association of Realtors on an antitrust lawsuit that accused NAR of discrimination against online real […]

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Reverse Mortgage Loan: Should You Apply for One?

The following is a guest contribution from Glennice Fryson, a member of DebtManagementTalk.com, a debt management forum that share’s its revenue with their members. Recently, there has been an awful lot of talk about Reverse Mortgage Loans. There is also an awful lot of confusion surrounding this new mortgage-lending concept. Problem is, the confusion so […]

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