Here’s where you can get help with your down payment



Surveys of first time buyers routinely show that saving for a down payment is one of the biggest hurdles on the way to homeownership. But those buyers may well misunderstand how much cash they actually need to save. “Paying 20 percent down is, quite frankly, a myth,” Karen Hoskins, vice president at NeighborWorks, told HouseLogic. […]

3 common mistakes of first time buyers



Buyers who’re making their first home purchase often struggle with the same few parts of the transaction process that they’re unfamiliar with, and this can cause them to make decisions they later regret, according to real estate investor Barbara Corcoran. Corcoran, during an interview on CNBC’s “Making It” show, said: “The faster you buy your […]

Freddie Mac will finance loans for manufactured homes



Government-backed mortgage servicing organization Freddie Mac says it will begin financing loans for manufactured housing, in an attempt to make those homes more affordable to buyers. Freddie Mac said in a statement that the idea is to run a two year pilot program called CHOICEHome, which will provide financing in the form of a traditional […]

New Condos For Sale in Barrie Canada



Barrie City is known for its conducive environment and availability of social amenities which make it a good spot for homeowners and property investors in Canada. The city has a vibrant economy which attracts scores of investors and those in search of employment opportunities thanks to the growing industrial sector. As such, there is a […]

Home Sales Activity in Canada Eased in October



Statistics recently released by the Canadian Real Estate Association (CREA) show that nationally, home sales declined between September and October this year. During October home sales through the Canadian MLS systems declined by 1.6% and although activity is still stronger compared to the first half of the year, it remains lower than the monthly levels […]

Tulsa offers $10K sweetener to convince remote workers to move there



Remote workers who’re prepared to relocate to the city of Tulsa in Oklahoma could be in line for a $10,000 bonus, according to reports. Tulsa is following in the footsteps of cities in Indiana, Ohio and Nebraska, as well as the entire state of Maine, which also offer cash incentives to new residents. Officials in […]

Adjustable-rate mortgages grow more popular in expensive markets



More buyers are opting for adjustable-rate mortgages in order to cut costs amid rising interest rates, new data from CoreLogic shows. They’re doing so even as the potential savings between a fixed-rate mortgage and an ARM get narrower. According to Freddie Mac data, the average rate on both a 30-year fixed rate mortgage and a […]

The top 3 most and least affordable metro areas in the U.S.



Mortgage rates comparison website HSH.com has just published a new analysis showing the required annual salary needed to afford a median priced home in the nation’s top 50 metro areas. There’s good news for anyone living in Pittsburgh, Oklahoma City and Cleveland, which were rated as the top three cheapest metro areas for those looking […]

Here’s how long it takes for your credit to recover after buying a home



It takes around 11 months for a consumer’s credit score to recover after purchasing a home, a new study by online loan marketplace LendingTree has found. When a consumer buys a home, their credit score drops by an average of 15 points, but only after 160 days, or just over five months. That’s because it […]

Wells Fargo admits it wrongly foreclosed on over 500 homeowners



Wells Fargo has admitted that a calculation error led to it foreclosing on hundreds of homeowners that were actually eligible for assistance from the bank. In total, some 545 homeowners who were behind on their mortgages had their homes taken from them after requesting assistance with their late payments. Moreover, a total of 870 homeowners […]

Sign up Now and get our guide on Video Marketing for Real Estate Professionals for Free

Sign up to the Realty Biz News mailing list to get updates from our site and also get our guide to Video Marketing for Real Estate professionals for free