A short week after the Labor Day Holiday provided a slack schedule for economic news. Bloomberg reported that residential investment for the second quarter of 2015 represented 3.34 percent of the Gross Domestic Product. Compared to the long-term average reading of 4.56 percent, analysts said that the Q2 15 reading suggested pent-up demand in the housing market that could help propel the economy through any setbacks that could occur when the Fed raises rates.
What is HARP 2.0 And How Do I Know If I Qualify To Refinance With It
If you're looking for home refinancing options, you may have had difficulty in the past - especially if you owe more than your home's value on your mortgage. Getting refinancing consumes much of your home equity, which is in short supply for people who already have a mortgage. But with the government's extension of the HARP Program, you may now be able to refinance your home with a variety of lenders.
The Pros and Cons of Paying Cash When You Buy Your Next Home
With mortgage bubbles and real estate issues still in recent memory, one might feel that their best option is to buy their next home using cash instead of borrowing the necessary funds. In today's article we'll explore the pros and cons of paying cash for that next house or condo.
A Step-by-step Guide to Preparing Your Finances for the Mortgage Pre-approval Process
Being pre-approved for a mortgage isn't just a way to get a step ahead, in many cases it's a necessity to buying a home. Many sellers don't want to go through the negotiation process of selling their home only to have the buyer drop out when they can't get approval for the mortgage they were relying on.
What’s Ahead For Mortgage Rates This Week – September 8, 2015
Last week's economic news included reports on construction spending, private and public sector employment data and a report from the Fed indicating that any move to raise interest rates may be delayed.
From Big to Small: How to Downsize from a Large House to a Smaller, More Efficient Home
If you're moving from a large home into a smaller house or condo, youâre probably looking forward to enjoying a lower heating bill and not having to do as much cleaning. But before you move, you'll want to take certain precautions to ensure that youâre not overwhelmed.
From Big to Small: How to Downsize from a Large House to a Smaller, More Efficient Home
If you're moving from a large home into a smaller house or condo, youâre probably looking forward to enjoying a lower heating bill and not having to do as much cleaning. But before you move, you'll want to take certain precautions to ensure that youâre not overwhelmed.
How to Submit an Offer Below the Asking Price Without Spooking the Seller
Although you will be rolling the dice with an offer below asking price, there are ways that you can increase the likelihood that your offer will be successful. Before you submit your offer, use these three strategies to make it more appealing.
3 Reasons Why the Cost of Title Insurance is Worth the Investment
Title insurance protects the owner of a home from any claim made against their property, whether or not they are responsible. These include unpaid mortgage balances on the home, an improper foreclosure or any form of real estate fraud perpetrated by the seller.
A Quick Guide to the FHA Streamline Refinance Mortgage Loan Program
Many homeowners would love to lower their interest rate or take advantage of other benefits associated with refinancing, but they are concerned about the time and expense associated with refinancing their current mortgage. The FHA Streamline Refinance loan program is designed to provide those who currently have an FHA loan with an easier way to refinance their mortgage, and this may be a desirable option for many.
