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Are Mortgage Assumptions a Good Deal?
November 17, 2003, Revised December 20, 2005 ?I have been offered a deal where I take over the home seller?s mortgage. What are the pros and cons of doing this??  Benefit of Mortgage Assumptions to Buyers When a homebuyer assumes responsibility for a home seller?s ... more...

What Is a Wrap-Around Mortgage?
October 21, 2002 "What is a wrap-around mortgage, and who is it good for?" A wrap-around mortgage is a loan transaction in which the lender assumes responsibility for an existing mortgage. For example, S, who has a $70,000 mortgage on his home, sells his home to B for $100,000. B ... more...

home buyer related definitions

Escrow
Escrow An account held by the lender into which the home buyer pays money for tax or insurance payments. Also earnest deposits held pending loan closing. You'll ... more...

Title Insurance
Title Insurance A policy, issued by a title insurance company, which insures a home buyer against errors in the title search. The cost of the policy is usually a function of the value of the property, and is often borne by the purchaser and/or seller. Policies are also available ... more...

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Get Free home buyer Quotes and Estimates

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...

'We Buy Houses' Scams How to Spot Them and How to Avoid Them
There are many reasons why a home owner would want to sell a house fast. Job change, relocation, debt problems, divorce and inheritance are just a few. Unfortunately, people in need also tend to attract predators who have no problem profiting from someone else's misfortune.If you're looking to sell ... more...

Negotiating the Purchase of Your Home
Negotiating a successful real estate contract requires communication and listening skills, as well as the ability to create a environment of cooperation. Many of our real estate clients have been very experienced negotiators, and from them we have learned that the goal is to reach a "good ... more...

Buying a Home with Bad Credit Own a Piece of the American Dream
Owning a home is the ultimate American dream. It is also the best way to build wealth for yourself and for future generations. Having bad credit should not prevent you from owning a piece of the American dream.If you have poor credit - you are not alone. It is estimated that approximately 30 ... more...

For Sale By Owner - Pricing It Right 3 Reasons Why!
Example 1:A $250,000 home is priced 10% below the true market value at $225,000. The home sells quickly with little or no negotiation for possibly an all cash offer to close quickly. This buyer maybe an investor who is extremely market savvy or a buyer who works closely with a Real Estate Agent ... more...

How I Became a Real Estate Investor
Recently I closed on the sale of two homes. They were located about a mile apart and had comparable market values. However, beyond these two similarities, the two deals were very different from each other. Let me discuss in more detail the similarities and differences of the two deals.My business ... more...

Home Buyer Beware Know the Signs of Real Estate Market Trouble
Lots of articles have appeared recently about the booming real estate market in the United States. Home prices, especially on the East and West coasts, are not only at record levels, but are increasing at record rates. In some areas around Washington, D.C. and San Francisco, home prices have ... more...

What You Need to Know to About Your Mortgage Transaction
The Roles of A Mortgage Lender, Broker and Sales AgentBuying a home can be an exciting but confusing event, especially if it is your very first time. There are so many options for sales agents, brokers, mortgage lenders, types of mortgages and mortgage rates. It can be difficult understanding all ... more...

Selling Your Home What Can Go Wrong With Pricing and Loans
So, youre selling your home (house, townhouse, condo, apartment, land, lot, farm, ranch, etc.), what can go wrong? The sad fact is that a lot of things can go wrong. However, dont despair, there are almost as many solutions as problems. In this article, we look at problems related to pricing and ... more...

Mortgage Terminology for the First Time Home Buyer
Buying a Home for the first time can be a little nerve racking. Mortgage terminology that brokers use everyday can leave you scratching your head or shaking your head pretending that you know what theyre talking about. Here are some mortgage terms and definitions that youll be hearing when shopping ... more...

Real Estate Investors - How to Buy for Your Rent to Own Homes Inventory
First and foremost, this article is for investors. As an investor, you should not (must not) have any emotional ties to any of your properties. You are in this business to make a fair and honest profit, and you will sell your home(s) when it makes sense to do so. Your goals should be to buy low and ... more...

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