16th October 2009
The term 'no closing cost refinance' is used in many advertisements and announcements in order to attract potential borrowers who need to refinance their current mortgage. The perception from the borrower's point of view is, "Oh, no closing costs to refin...
16th October 2009
How to calculate property tax was an issue my wife and I discussed last spring. It's a reassessment year in our county and we were trying to figure out what the new tax bill might be.
I remembered from real estate school there was a formula that had a...
16th October 2009
Homes with a lease option can be a great alternative when selling a home in a tough market. Homes with a lease option can also provide a great alternative to a potential home buyer who doesn't have what it takes to purchase a home in the more traditional...
16th October 2009
When learning how to sell a home in any market, especially a down market, requires the home seller to stop thinking like a seller and start acting like a buyer. I know it can be hard because they have certain expectations, needs and wants when selling. T...
16th October 2009
A lease option to purchase simply means that a buyer can lease a property for a certain length of time (typically a year or two) and at the end of the lease they have the option to buy the property. That's it. Rent now; buy later (if you decide to buy).
...
16th October 2009
The term 'no closing cost mortgage' is used in many advertisements and announcements in order to attract potential borrowers who need a loan. The perception from the borrower's point of view is, "Oh, no closing costs on a mortgage? I like free! I'll give...
05th October 2009
Tax credit for home buyers are becoming more and more popular every day. Whether the economy is in an up cycle or a down, smart home buyers are looking for new ways to save money. The good news is, if you're a first time home buyer you may qualify for t...
05th October 2009
What is FHA loan insurance exactly? When it comes to FHA loan insurance, or FHA loans in general, there seems to be some misconceptions. It won't take long but I'd like to clear some of them up for you.
First, it's important to understand a few things...
05th October 2009
Home down payment assistance programs are designed, in most cases, for first time home buyers. If I could a have just a simple dime for every first time home buyer who thought the home down payment assistance meant free money then I most likely wouldn't ...
05th October 2009
First time home buyer assistance programs such as the AmeriDream and Nehemiah were extremely popular over the last several years. They were popular because the down payment provided to the buyer was considered a gift that didn't have to be paid back and ...
05th October 2009
What's my house worth? That's a question I'm asked every time I meet with a home seller for the first time. My immediate thought is, "Whatever a buyer is willing to spend and whatever you're willing to sell it for." Of course, I would never say it like...
05th October 2009
A competitive marketing analysis is a tool realtors use to help home sellers determine what their marketing price should be in today's current market. The good news is it's a free service; the not so good news is how accurate they might be.
When it's ...
05th October 2009
Tax reassessment has been the main topic of discussion more times in the last six months than it has been in the last ten years. There seems to be a misguided assumption that if property values decrease then property taxes will also decrease. Of course,...
05th October 2009
A lease with option to buy is typically for people who want to buy a home but cannot meet the traditional guidelines set forth by banks and other lending institutions. If you recently filed for bankruptcy, foreclosed on your last home, sold your last hom...
05th October 2009
The term 'lease option to buy' might also be referred to as 'rent to own' or simply as 'lease option'. In its most basic definition a lease option to buy is when a consumer leases (or rents) a property for a certain period of time and at the end of that ...
