Forget the Price of the Home. The Cost is What Matters.
Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic…
Appraisals – A Critical Part of the Transaction
With the tight market for buyers and the common practice of escalating up the offer price one savvy tactic for buyers is to offer, up front, to cover the difference if an appraisal should come low. Let me back up…
NEW FHA RULES MEAN HIGHER PAYMENTS FOR BUYERS
If you are buying a home or refinancing using an FHA loan, your annual mortgage payment could increase substantially if you don’t act by October 4. FHA announced changes to both the Up Front and Annual Mortgage Insurance Premiums charged…
Buyers beware: lending rules have changed
If you’ve been considering the purchase of a new home, you need to get your ducks in a row like never before. We no longer live in the era of easy money. These days, you need to get yourself pre-approved…
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