How One Couple Got Approved for a Mortgage at 52% Debt-to-Income Ratio
One couple got approved for a high debt-to-income mortgage at 52% DTI. Here's their 61-day approval process and the compensating factors that made it work.
How to Save for the Downpayment on a House
Knowing how to save is key to planning your downpayment. Think of the best ways to maximize your savings and grow your money quicker.
Pew Charitable Trusts Survey Banks for Transparency
The Pew Charitable Trusts is constantly watching the consumer market and doing research on their findings. Their goal is to inspire governmental change. Lately they have issued the...
Existing Home Sales Increase in May Beat Estimates
The National Association of Realtors reports that existing home sales increased a seasonally adjusted rate of 4.2 percent in May—an annual pace of 5.18 million. It exceeds the 4.97 million...
Home Buying Turning Insane
In case you have not heard, you better have cash (either your own or borrowed or begged) to get into the US housing market. This is a real home buying...
Fed May Scale Down Bond Buying if Economy Continues Its Recovery
If the economy continues manufacture good news, according to Federal Reserve Chairman Ben S. Bernanke statement, the Federal Open Market Committee (FMOC) will reduce its economic stimulus program later this...
Why You as an Investor Need Curb Appeal Technology
Never forget that most renters don’t even know what a landline telephone is. They all have cells. ”The widespread use of cell phones poses new challenges for apartment owner whose...
Housing Market Characteristics Show What We Value as a Society
Each year the Census Bureau looks at houses that are completed and sold. Basically they report the different characteristics for homes built and sold during the previous calendar year....
Are You to Blame for Skyrocketing Home Prices
I say “fault” because a recent report by Bloomberg Business Week found that house prices these days are “on fire.” They have made the largest 12-month gain since April of...
Found: Vacation Home Paradise
Why are we bothering to bring up Kissimmee here in a real estate investment column? Good reasons. It was ranked the third best place for vacation properties in the US...
Financial Strength of Homebuilders Draws Interest from Investors
The economy is very reliant on the housing market. When the housing market starts to slide, the economy follows shortly thereafter. However, when the housing market surges, the...
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Make an Extra Mortgage Payment and Take Years Off Your Mortgage
Homeownership isn't for everyone. Maybe you like the idea of renting, as you're not tied down to one place or responsible for repairs.
Read More4 Qualities of Good Investment Advisors
Investment advisors can be found just about anywhere. Unfortunately, this does not at all mean that they are good ones or that your money is safe with them.
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As Housing Prices Rise, 3 Ways to Estimate What is Equity in Your Home
Even if you plan to stay put for the time being, there are good reasons to keep a close watch on your equity.
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They’re Back! ARMs Hit 5 Year Highs
As hard as it may be to believe, the adjustable-rate mortgage (ARM) has reached levels not seen since the housing bubble burst in 2008.
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Refinancing a First Mortgage When You Have a Second
Mortgage interest rates are rising, but this doesn't mean you've missed the opportunity to refinance your first mortgage loan.
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Four Easy to Use Mortgage Calculators
Before making an offer on a home, you should utilize a mortgage calculator to figure out what of kind of house you can afford.
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