As more and more baby boomers move into retirement age, the reverse mortgage is becoming more and more attractive as an additional income source to maintain a high standard of living. As with so many things in life, whether these loans are good or bad depends on individual circumstances. Nevertheless, reverse mortgages should generally be
The HUD Good Neighbor Next Door Program
June 9, 2014 by
If you want to buy a HUD owned home for 50% of it’s appraised value and with a $100 down payment, you need to know about the Good Neighbor Next Door program. HUD’s stated purpose for this program is “to make American communities stronger, promote home ownership, build a safer nation, and take an active
HUD: Housing Market Makes Notable Gains
March 11, 2014 by
The housing market has made notable gains in recent months in terms of home prices, foreclosures, and new-home construction, but government officials caution that the economy is not yet back to normal.
Lenders Discriminating Against Pregnant Women?
February 25, 2013 by
Stipulations within the Fair Housing Act supposedly prevent mortgage lenders from denying or delaying loan applications for women on maternity leave, but a new report suggests that many lenders are actually ignoring these rules.
Property Flipping, And The Fundamentals That Make It Work
January 29, 2013 by
There are two sides to the word “flipping”. One is legal, and a great business model when done correctly. The other is an erroneous application of the word “flipping” in cases where someone uses illegal tactics such as mortgage fraud, secret cash incentives or misrepresentation of some material fact.
BroadHead Real Estate Solutions, LLC Offers First-Rate Service in Austin, TX
December 6, 2012 by
With over 150 different neighborhoods, a vibrant downtown area, and thousands of property listings currently on the market, choosing the right real estate company in Austin, Texas is a very important decision for anyone looking to buy or sell a home.
Does A Short Sale Stop You From Getting A New Home Loan?
September 27, 2012 by
What is a short sale? Very simply, a short sale is when a mortgage lender agrees to accept less than the total amount of money they are owed on a piece of property in order to facilitate the sale of that property. This is done when the owners
Single Mothers And The Home Loan Problem
September 26, 2012 by
Home loans are really a big and crucial problem for the individuals in the today’s financially crumpled world. For the single mothers without potential income resources, things become all the more worse than good.
Is 30% of Their Income Still the Reality for Renters?
September 25, 2012 by
An increasing number of Americans renters are becoming saddled with rents that exceed the industry norm of 30 percent of a family’s income, according to figures recently released by the U.S. Census Bureau.
House For Sale: What Does It Take To Buy A Home?
August 13, 2012 by
When a home buyer sets out to purchase their first home they quickly discover that there are a lot of details involved. To make matters worse, the details vary depending on each individual buyers situation. While the general process is the same for each transaction, the details are likely to be somewhat different in each case.
