Tag Archives: dream home
Types Of Buyer Broker Contracts
The Three Most Common Buyer Broker Contracts When you get ready to buy a home, you face a lot of responsibilities. Not only do you need to find the right house in the right location, you also need to secure your mortgage and complete all of your closing paperwork. Fortunately, you can get a real
Federal Rates Stay Low, Keeping Mortgage Rates Down
Federal Rates Impact Mortgage Rates, Stay Consistent For Now The benchmark federal funds rate—determined by the Federal Reserve—impacts the lives of every American. This rate is used to determine how much borrowed money will cost to the consumer; in other words, how much you can expect to pay when you take out a loan. In
U.S. Homeowners Are Dropping In Numbers
A report from the U.S. Census Bureau revealed a surprising truth: the rate of homeownership is at its lowest point in over twenty years. In fact, in Quarter 1 of 2015 just 63.8 percent of people owned their homes. This is a decrease from 64.8 percent in the first quarter of 2014. This rate is
Mortgage Rates Continue To Fall
Freddie Mac’s March 26th report on the national averages for mortgage rates brought welcome news for those hoping to buy a home in the coming weeks. For the second week in a row, mortgage rates dropped. This kept the rates on a 30-year fixed-rate mortgage under 4 percent, and dropped the rates for a 15-year fixed-rate
The Harrowing Tale Of Another Realtor Attack
San Antonio Agent Narrowly Survives Hostage Situation The U.S. Bureau of Labor Statistics released a shocking statistic: in the last 10 years, over 20 real estate agents have been murdered while showing houses. San Antonio real estate agent Janice Tisdale has a scary tale to tell, but happily one with a less morbid ending. In
The Inside Scoop On Interest-Only Loans
Are They Good Or Bad For Borrowers? Interest-only loans are designed to make the first years of mortgage payment easier on the borrower. For example, in a 30-year interest-only loan, the borrower might pay only the interest for the first ten years and then convert to paying principal for the last twenty. The loan would
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