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Warranty Or Not To Warranty…
If you have ever purchased a home, you were most likely pitched a home warranty by the loan officer or realtor. In some cases, the lender or realtor covered the cost. In others, the seller may have paid, or the buyer may have incurred the cost.
Housing Orthopedics
We have all witnessed the ubiquitous ads asking if we “know our credit score”. It is impossible to turn on a TV, computer or radio without hearing one. To separate…
Maryland Lawmakers Considering Ban On Using Foreclosures and Short-Sales In Real Estate Comps (VIDEO)
httpvh://www.youtube.com/watch?v=QGAB1nr8ngg&feature=channel_video_title
A Good Program Just Got Better
First, some good news: Fannie Mae just announced that would add some additional incentives to an already attractive plan called HomePath. Under this plan, buyers can purchase homes owned by…
No Reason To Panic Regarding Lending
The past week has brought an abundance of news related to housing, lending and credit and with it, more questions and confusion. While there are a number of areas that…
Only The Shadow (Home Inventory) Knows
Shadow home and subsequent inventories are dragging down home values. Good if you are a buyer but not so pleasant if you are selling or refinancing.
Housing Numbers At Lowest Level Since JFK Administration
Houses are priced very low, rates are very low, the home affordability index is extremely favorable — but housing, mortgage applications and sales are anemic?
Did You Miss The Boat On Low Rates?
A number of the uncertainties from past weeks are starting to look controlled – at least to traders.
Use Caution With “No Cost” Refinance Offers – They’re Not For Everyone
Several readers emailed me asking about an ubiquitous radio ad touting a “no brainer” deal where you refinance with no costs. First, yes this is possible. By accepting a rate much higher than the par rate, the lender can use the profit from the higher rate to cover his fees and yours.
Rates Dropping To Lows For The Year – Get That Second Opinion!
If you applied for a mortgage in the past few days or weeks, now may be the best time to get a second opinion or lock in.
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