Is it a Great Time to Buy a Home?

Mike Moran Is it a Great Time to Buy a Home? Video Clip http://video.foxbusiness.com Daiwa Securities Chief Economist Mike Moran on the future for the housing market Read Article |

Read more %1$s

After You Say ‘I Do’ — Bad Credit, Your Spouse and Home Buying

1. Buy it Together Anyway: You can always ignore your spouse’s bad credit and buy the house together anyway. An admirable plan that will certainly result in a corresponding high interest rate and not something any personal finance experts would advise.

Read more %1$s

To buy or not to buy?

This insurance policy can eat up to 2.75% of that down payment immediately. In dollar terms, a home that is $300,000 with 5% down ($15,000) will have an insurance fee of $7,838 — leaving you with only $7,162 equity in the home. If you decide to sell this home a year later and hire a Realtor with fees around $12,500, you would now need to come up with roughly another $7,500 to get out of the home, not to mention the payout penalty that your bank may charge for a fixed rate mortgage which could be another $10,000 — or more or less, depending on how many years you have locked in and current interest rates.

Read more %1$s

The 15 Most Expensive Cities For Prospective Homebuyers

          #15 Boston, Mass. Median home price: $322,000 2009 rank: 23 Median home prices listed are for the third quarter of 2011. 2009 rankings are based on median

Read more %1$s

Water and Homeowners Insurance

Many times water is simply not covered because it is a maintenance issue, not a catastrophic one. Homeowners insurance is meant to protect you from events outside of your control. All types of insurance are based on risk. The dictionary defines risk as “Uncertainty arising from the possible occurrence of given events” The key word here is uncertainty and lack of control. So, if it comes down to a maintenance issue, there is not the key factor necessary to create coverage—- uncertainty and a lack of control.

Read more %1$s

Consumer Bureau Moves To Make Mortgages Clearer, Foreclosures Fewer

            A “bank owned” sign in front of a home in Miami last October. Saying it wants “to protect homeowners from surprises and costly mistakes

Read more %1$s