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Mortgage Professor about home sale: 
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...

How Can I Buy Before I Sell?
July 19, 1999, revised January 6, 2006 "I need to use the equity in my existing house to buy a new one, but it looks like I am going to have to close on my new house before I am able to close on my old one?How do I handle this?" I am assuming you have exhausted all ... more...

home sale related definitions

Bridge Loan
Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more...

Secondary Mortgage Market
Secondary Mortgage Market The place where primary mortgage lenders sell the mortgages to investors like Fannie Mae or Freddie Mac in order to obtain more funds for originating more new loans. Secondary mortgage market provides liquidity for the lenders. Government-sponsored ... more...

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Get Free home sale 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...

For Sale in Ridgefield
Ridgefield Connecticut, located near the New York border, is a small, quiet town, and a great place to live. There are many types of homes that are for sale in Ridgefield, including luxury homes. Because Ridgefield is on the New York border, and has a train station with a train that goes into New ... more...

Mobile Homes For Sale In Gloversville New York
Information about mobile homes for saleMobile homes, also known as manufactured homes, are assembled in a factory. Each mobile home for sale has to conform to the U.S. governments Manufactured Home Construction and Safety Standards (HUD code), rather than just to the destinations building codes. ... more...

Negotiating the Sale of Your Home
Negotiating a successful sale of your home requires an environment that sustains the buyer's interest and trust during the process. Many of our clients have been very experienced negotiators, and from them we have learned that the goal is to reach a "good agreement" - one in which the underlying ... more...

For Sale By Owner Marketing Generates Mortgage Leads
One of the best ways to generate mortgage leads is through working with home sellers who are going it alone as For Sale By Owner or FSBO. The key to FSBO marketing is creating partnerships with home sellers. Since almost every buyer needs a mortgage, you provide a necessary service that ... more...

Mortgage Glossary - A Glossary of Mortgage Terms You Should Know
Acceleration Clause A clause in a mortgage defining that the entire outstanding balance can become due and payable should mortgage default occur. If the entire balance is not paid, the property will be foreclosed.Adjustable Rate Mortgage (ARM) Mortgage with interest rates that may be adjusted by ... more...

The Ultimate Short Sale Secret
Buying foreclosures can be extremely profitable for real estate investors. However, most of these homeowners are mortgaged to the hilt. They have no equity, and big loan payments. In fact, many actually owe more than the property is worth!Most investors will walk away from these deals because ... more...

Was That House A Good Investment? The Answer May Not Be So Obvious
I am surprised how many people dont know the difference between enterprise value, which is the sales price of a home (debt plus equity), and equity value, which is what is left at the end of the day when you sell your home and pay off the mortgage. In determining whether this was a good investment ... more...

Buying Houses: Types of Bargains to Find
To make a good profit in real estate, you must buy right. Check out all property types available to find the best transaction for your specific situation. Consider fixers, distressed sales, repossessions, multiple listings, for sale by owners, and vacant properties just wasting away.Distressed ... more...

How to Make a Purchase Offer on a Home for Sale by Owner
Many home buyers want to purchase a home directly from the seller to cut out the middle man, but when it comes time to make a formal offer it is often the case that neither buyer or seller knows what to do. Without the aid of a professional real estate agent, making an offer to buy a home that is ... more...

Flat Fee MLS Listings - Is This The Future Of Real Estate
Realtors are all a buzz about this new form of listing houses on the MLS (multiple listing service). Some feel it creates more work for the buyers agent, while others see this as a way to tap into the For Sale By Owner market.It use to be when you made the decision to sell your home, you ... more...

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