Zero-Downpayment. Unsafe?

Does it makes sense to think the key to preventing potential foreclosures is to require borrowers to put a substantial down payment down when purchasing a home? In other words, borrowers need to have “skin in the game”, right? Below are a few things that say there is something wrong with that conclusion. 1. VA home […]

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Mortgages Are Getting Easier To Secure

Phillip Ratliff, a 27-year-old software engineer, is part of a growing class of first-time home buyers that is purchasing in the wake of the financial crisis of 2008/2009. He obtained a 30-year fixed-rate mortgage with a 3.5% interest rate for his four-bedroom house in Seattle, Washington. He put 5% down on the $325,000 loan. Ratliff, […]

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FSBO: The Pre-Sale Phase

There are three phases during the For Sale By Owner (FSBO) process: pre-sale, contract negotiation, and settlement. The pre-sale phase includes assessing the market, home improvements, creating advertisements, and preparing your home for viewing. Assessing the market includes conducting internet searches, attending comparable open houses, and identifying comparable homes that have sold within the prior […]

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7 Tips For FSBO Success

Only 36% of homebuyers first found the home they bought through a real estate agent according to the National Association of Realtors (2009). Posting fliers in local neighborhoods, engaging on Twitter and Facebook, and creating a listing on FSBO sites like Fizber.com are the most effective ways to have a successful sale. As the number […]

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Question You Need To Ask Your Mortgage Lender

Securing a mortgage loan is an essential piece of purchasing your home. Most borrowers only get a mortgage loan once or twice in their life. Because it is such an infrequent, but important transaction you need to understand exactly what you are getting yourself into. Here is a list of eight essential questions you should […]

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How to Estimate True Market Cost of Your Home Sale Owner

There are many times when you may need to know how much your home is really worth. This may include if you decide to sell your home, borrow money against its equity, refinance your mortgage, purchase homeowner’s insurance or conduct estate planning. In any of these cases, you will need to know how much your […]

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4 Tips For Buying a Home or For Sale by Owners in a Seller’s Market

After more than a half decade of struggles, it appears that the housing market is beginning to recover thanks to a firmer economy, a vast amount of support from the Fed, and investor activity.  The sustainability of the recovery is certainly up for debate, but there is no question that if you are looking to […]

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Sale By Owner Tips-Increase Appeal and Value of Your Home

Now that the house market is getting better, is it time to start thinking about selling by owner? There are several things to think about before you make your final decision. But once you have decided to sell your home by owner, here are 5 items that will help you get the highest price for […]

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Tax Exemptions You Will Want To Remember

Many taxpayers are not taking advantage of certain tax breaks simply because they are not aware of them or they just forgot about them. Here a few tax deductions or credits you will want to take advantage of. Noncash Charitable Deductions: If you donated anything to Goodwill or other charities like them AND received a receipt […]

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Thinking Of Refinancing?

Refinancing is a hot topic right now. You probably know at least one person that is currently refinancing or at least entertaining the idea of refinancing. We are going to discuss a few important things to think about before you make your final decision. Refinancing can be stressful, so you want to make sure you […]

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