Becoming a Home Owner: Hardest, Easiest Home Loans to Get

By Chris Birk Credit score requirements have loosened in recent months, a sign that at least some mortgage lenders are starting to take a softer approach after years of tight lending. But let’s not call it a comeback quite yet. Plenty of consumers with and without credit are still struggling to secure home financing.  Before you start shopping ...

Should I Buy or Rent a Home?

With interest rates near forty year lows, the decision to rent versus buy becomes difficult. Use this calculator to help determine which makes sense for you at this time.

How Much Home Can I Afford?

When you’re buying a home, mortgage lenders don’t look just at your income, assets, and the down payment you have. They look at all of your liabilities and obligations as well, including auto loans, credit card debt, child support, potential property taxes and insurance, and your overall credit rating. Use this calculator to determine how ...

HOW TO FINANCE A NYC APARTMENT COMBINATION

SPONSORED With mortgage rates still historically low and large co-op and condo apartments difficult to find, buying two smaller apartments and combining them is an attractive option for buyers willing to renovate. And since renovations and real estate often go hand in hand in NYC, a mortgage is often the glue enabling two apartments to be joined ...

Construction Loans for Your Dream Home

Affluent home buyers are building their dream mansions using construction loans that cover extravagant projects, including indoor swimming pools and multi-car garages. By ANNAMARIA ANDRIOTIS Affluent home buyers are building their dream mansions by signing up for jumbo construction loans that cover extravagant projects, including indoor swimming pools ...

Mortgage Rates at Month’s Best Levels

By Dan Green Via QE3, the Federal Reserve purchases $85 billion in bonds monthly — $40 billion mortgage-backed bonds and $45 billion treasury bonds. Its September 2012 launch ushered in the period of the lowest mortgage rates in history, with 30-year fixed rate mortgage rates dropping to 3.31 percent nationwide for borrowers willing to pay 0.7 ...

Buying a House: How Much Can You Afford?

By Ronda Kaysen …When the housing bubble burst and it became clear that lenders were handing out mortgages with their eyes closed, many banks tightened their lending practices. Buyers suddenly were being asked to show stellar credit ratings and lay out 20% of the price of the home as a down payment. But, five years later, as the ...

Buying Real Estate Property By Obtaining A Mortgage – Some Steps You Need To Follow

Do you want to buy real estate property? Well, if yes, then you need to have sufficient money for it. Possibly, you will not have the lump sum amount and thus, you require obtaining a suitable mortgage. These days there are several lenders who would offer you the loan at a reasonable rate. Thus, make sure you take out the mortgage rate at a low rate ...

Are 20-Somethings Ready to Buy a Home?

Millennials, also known as Generation Y, have come of age during one of the most turbulent economic times in American history. And these 20-somethings still want to buy homes, despite seeing home values plummet during their formative years. Compare Mortgage Rates in Your Area “The aspiration for homeownership is still there, but they also recognize ...

Rising interest rates drive up August home buying

Rockford-area home buyers leapt into action in August, as mortgage rates climbed to a two-year high, with total home sales and the average price reaching new highs in the current housing recovery. The three-month rolling average price hit a 32-month high at $114,774 in August, the highest monthly average since $117,520 in January 2011. The July 2013 ...