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Mortgage Professor about buying a new home: 
When Co-Borrowers Split
July 19, 2000 "I am going through a divorce, and have agreed to stay on the mortgage for 3 years. At the end of that time, my ex-wife can refinance the house in her name.  How much will this impact my buying a new home during the 3 years?" The loan will show ... more...

Is FHA Responsible For the Leaky Roof?
March 19, 2001 "We just purchased a home with an FHA loan and the seller did not disclose many problems?The roof leaks, the toilet is falling through the floor?FHA inspected the house before we moved in, and they will get the house if we default and move out? We thought ... more...

buying a new home related definitions

Home Equity Loan
Home Equity Loan A home equity loan is borrowing against the equity you have acquired in your home. Lets suppose your original mortgage was $175,000.00, but your house is worth $225,000.00. The difference is $50,000.00. ... more...

Second Home, Vacation Home
Second Home Second home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Second Home As Investment However, when market is ... more...

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Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Negotiating Tips for New Car Buyers
You need a new car, but youre just not ready? Even if you have money and/or great credit and you know all the details of the car you want, there is still one thing standing in your way Negotiating the price!It can be uncomfortable or even scary, but youll have to do it at almost every car dealer. ... more...

6 Saving Tips When Moving
Moving households, whether it is due to a job transfer or upgrading your home, and whether moving across country or across town, is an expensive proposition. Even when a new employer sponsors a relocation, there are hidden or un-thought-of expenses such as tipping or registering your vehicle in a ... more...

Home Mortgage Interest Rates: How to Compare
Whether you are looking to purchase your first home, sell your current home and purchase a new one, or you are wondering whether or not you should refinance your existing mortgage, it is beneficial to compare current home mortgage interest rates from several companies to be sure you get the best ... more...

Why Should You Purchase Your Auto Insurance Online?
If youre interested in slashing your auto insurance bill in half then theres no reason why you shouldnt consider purchasing auto insurance online. Buying your auto insurance online is extremely easy and very convenient. The process is fast and only requires filling out a simple form. The best ... more...

Home Equity Loans Beware of Appraisal Fraud
A new report by the independent Demos group has revealed what may not be a surprise to many people corruption is rampant in the home appraisal industry. The bust in the dot-com market of some five years ago has left would-be lenders with a surplus of cash to lend. This has led to a huge boom in ... more...

How to Finance Your Dream Car?
Have you thought about getting a better car? Ever thought of driving your own sports car? Want to purchase the latest car model?Why wait when you can do so now! Most people do not realise that they have capital locked up in their property which could be used for buying that special car of their ... more...

Real Estate Wealth Protection Through Short Sales
Is a sharp correction in store for the real estate market?Fannie Mae, the largest buyer of mortgages in the US, is worried. They recently warned that the probability of a housing bust has risen sharply in certain parts of the country.Fannie Mae and Freddie Mac financed about 43% of new home ... more...

Mortgage Refinancing - 7 Important Things To Keep In Mind
In today's world, it seems that almost any topic is open for debate. While I was gathering facts for this article, I was quite surprised to find some of the issues I thought were settled are actually still being openly discussed.Mortgage refinancing loans experience a boom whenever rates are low. A ... more...

Housing Bill - Changes in the Right To Buy Scheme
Presently council tenants are able to purchase their rented property after 2 years of tenancy. However, this is about to change. As of the 18th January 2005, the new Housing Bill becomes law and the current 2 years will change to a period of 5 years. This means, that once the proposals come into ... more...

The Need For Life Insurance
A person needs to reexamine their life insurance needs every few years because as our life events change so do our needs.When starting a family, a person needs to consider starting a life insurance policy. In the event that death occurs to one of the parents, there needs to be some insurance that ... more...

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