Keeping a close watch on emerging trends in the real estate market is important for industry professionals and prospective homeowners alike. Unfortunately, one of the newest and fastest-growing trends to increase in occurrence this year is a crime known as seller...
How to Protect Yourself from Real Estate FraudWhat every homebuyer should know about common types of fraud in real estate Anyone who has searched for a new home understands that a real estate purchase is one of the most exciting, overwhelming, and complicated...
In Your Best Interest:Waiting for Rates to Drop Vs. Buying Now and Refinancing Later In a perfect world, consistently low mortgage interest rates coupled with low housing prices would provide consumers with an ideal scenario in which to take the leap into home...
Land Contracts: What Are They? Even when the real estate market is challenging like it is right now, there are many different financing options. One such option is the Land Contract. Let’s see if a Land Contract is right for you. What is a Land Contract? A Land...
Mortgage Assumptions: What are they? An assumption clause in a mortgage allows the owner/seller of a home to pass the responsibility for their existing mortgage to the buyer of the property. Let’s assume you have a home worth $400,000 with a 30-year FHA loan on it....
Purchase Money Mortgages: How Do They Work? When you are looking to purchase a house and get a mortgage you are agreeing to repay a borrowed amount of money to a lender in a certain amount of time. You are also subject to paying a little more than the original loan...