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General-information Articles

Posted on November 17   By Francine Huff
Are you putting your house on the market to sell? If so, make sure you've done everything you can to present your property in a way that will appeal to the broadest range of buyers possible. Staging your home can allow you to highlight the best features of your home so that you can get it sold quicker. Even if you live in a tough housing market, staging your house could give you an advantage over other homeowners in the area. Keep the following things in mind as you spruce up the place. At a .... Read More...
Posted on November 11   By Francine Huff
Refinancing could allow you to take advantage of the some of the lowest mortgage rates ever. Having good credit is important for getting the best deal on a home refinance. But even if you have a high credit score, mortgage lenders will expect you to provide documentation of income and assets. Having a steady paycheck will work in your favor. You'll be asked to provide your most recent pay stub and income tax return. The income tax return becomes even more important when you are self-emplo.... Read More...
Posted on November 02   By Francine Huff
Many people are finding it tougher to achieve the dream of home ownership, according to data from the U.S. Census Bureau. The rate of home ownership declined to 66.1% in the third quarter of 2010, compared with a peak of 69.1% back in the first quarter of 2005 when the housing market was still going strong. The troubled economy, falling home values, and high unemployment rate make it difficult for many people to buy property. In fact, many Americans have chosen to move in with fa.... Read More...
Posted on September 24   By Francine Huff
In an effort to boost sales of its REO properties, Fannie Mae said it would help pay for closing costs for qualified home buyers. Home buyers will receive up to 3.5% of the sales price for closing costs on a property they will live in as their primary residence. The aid can also go towards a home warranty, if necessary. What's interesting about this deal plan is that real estate agents and brokers can also qualify for a bonus. Selling agents representing owner-occupants can receive a $1,500 bon.... Read More...
Posted on September 12   By Francine Huff
More families are ending up in homeless shelters because they can't make it in this economy. From 2007 to 2009 the number of families in homeless shelters rose to 170,000 from 131,000, according to the Department of Housing and Urban Development (HUD). Unemployment is obviously a huge factor when it comes to families becoming homeless. The New York Times checked with several major homeless shelters around the U.S. and found that there continues to be a rise in the number of families seeking .... Read More...
Posted on September 05   By Francine Huff
The Joint Center for Housing Studies at Harvard University recently released its State of the National Housing 2010 report and found that 40.3 million households spend more than 30% of their incomes on housing in 2008, and 18.6 million spend more than half their incomes on housing. The report also found that one in seven homeowners owed more on their mortgages than their homes were worth. While the government has tried to stem the tide of foreclosures and assist some homeowners, many peo.... Read More...
Posted on August 09   By Francine Huff
The mortgage industry shed 2,500 jobs in June, as home sales continued to slow. The mortgage banker/broker sector had 246,500 full-time positions in June, according to the Bureau of Labor Statistics. Even though mortgage rates are at record lows, many potential home buyers are waiting on the sidelines, either unwilling or unable to get mortgage loans, which decreases the need for workers in the mortgage industry. Much of the activity in the mortgage sector involves refinancing, as homeowner.... Read More...
Posted on July 22   By Francine Huff
Almost twice as many people dropped out of the government's mortgage loan modification program in June as those who received permanent modifications, according to the Treasury Department. There were 91,000 dropouts in June, which means that 530,000 homeowners have left the mortgage program without a permanent loan modification, reported Reuters. Only 49,000 borrowers received permanent mortgage modifications, for a total of 389,000. The Home Affordable Modification Program (HAMP) has bee.... Read More...
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