A financing tool that used to be unheard of is now beginning to gain momentum. Up until recently the longest loan you could obtain for a new home was 30 years. But now, 40 year loans are hitting the mainstream. These loan programs still aren’t being offered everywhere, you’re going to have to go […]

There are so many processes of thought about this question and many angles from which to view the issue. I’ll briefly explain my view as I make a point. Here in the Atlanta, Georgia metro area, more than 3,000 homes enter into foreclosure every month. Pause and let that set in, because 3,000 is a […]

I get this question alot. For a good number of people buying a home and buying a car, truck or SUV, seems to happen at the same time. The smart purchaser wants to minimize his annual percentage rate on both loans to maximize monthly cash flow. If I can say that a little differently and […]

I’ve mentioned before the need to have a professional inspection done when buying property. I still can’t emphasize this enough. And it’s even true for new construction.
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You may have heard about earnest money, but a good number of people may not know where this money goes and why. When you find your home and make an offer that is accepted, your real estate agent is going to ask for earnest money or what can sometimes be called a binder. What this […]

When you buy a new home, most likely, you are going to have to obtain financing for that purchase. The financial details regarding that financing can be as important as finding the right home. One of the early financial decisions will ultimately be where to get your mortgage loan. There are two places that […]

When you come across a house being marketed as a FSBO (For Sale By Owner) it can be an opportunity that you want to look into. There are many reasons a home owner will market his home this way and there are also many ways that you can benefit from a FSBO situation. However, don’t […]

It’s amazing how much your credit score affects your mortgage payment. In a recent Newsweek article the Fair Isaac Corporation put together an interesting graphic to show how credit scores changed a 30 year, $150,000 mortgage:
620-639: A 7.16% rate and a $1,014 monthly payment
660-679: A 6.18% rate and a $917 monthly payment
700-759: A 5.79% rate […]

Dan Green, who publishes The Mortgage Reports, has written a great article concerning shopping for a mortgage. Finding the best mortgage for you is an extremely important aspect of your home purchase and should not be taken lightly. And using the first mortgage package from the first mortgage professional you speak with can be a […]

Kevin Thorpe of NAR Research released numbers for June stating that the we had witnessed yet another record month for existing home sales. In the month of June existing home sales hit 7.33 million units, which included single family homes, condos and coop units. This was up 2.7% from last month and 4.4% from last […]