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Mortgage Professor about purchasing new home:

Consolidating Debt With a New Purchase Mortgage
November 22, 2004 Some home buyers try to kill two birds with one stone by consolidating their debts in the new purchase mortgage. Usually this is not a good idea, as in the case illustrated below. "I have $30,000 in cash for a down payment on the $300,000 house ... more...

Borrow From the Builder's Lender?
November 6, 2000 "The broker at the builder?s office where I am purchasing a home told me that I had to take my loan from her. Can this be true?" No. While the builder can require that you be qualified by his preferred lender, you are free to borrow from ... more...

purchasing 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 Free purchasing new home 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...

Home Loans - Online Services And Resources To Help You
Interest rates on home loans are at the lowest theyve been in many years. Now is a great time to take advantage of home loan financial services and resources available online. With a little education online you can get some of the best loans available on the Internet. It is well worth the time and ... 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...

A Singles Game of Real Estate
This discussion leans toward answering questions asked most often by our youthful men and women in there early twenties. They often begin to ask themselves the question, Should I consider buying a home, condo/town-home or some other type of real estate that I can call my own? Due to the fact that ... more...

Military Finance Tips on Home Buying
If you are in the military, youve probably moved once or twice already and probably will do it again. Youll most likely be able to buy and sell real estate at a profit. If you know you are going to be moving in the next two to three years you can treat the situation as an investment and maximize ... more...

FHA Mortgage Loans - The Benefits of an FHA Mortgage
The Federal Housing Administration (FHA) insures mortgages to allow low to moderate income families to purchase their own home. With government backing, families can buy a home at a lower initial cost. However, there are limitations with this program.Mortgage Insurance Section 203(b)The FHA ... more...

Eight Steps To A Great Marketing Plan
Step 1: Where Am I Now? Before you decide where you want your marketing plan to take you,you need to find out where you are now. How have you positioned your business in the market? How do your customers see you? You may want to ask some of them for feedback. Write four or five paragraphs that ... 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...

What is a Bridge Loan?
A bridge loan, which can also be called a hard money loan, is a short-term loan that is used until a person or company can secure permanent financing. Basically, they "bridge" the gap between today's need for immediate cash to pay bills and the final closing of a pending investment deal or ... 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...

Fear Plays Role in First Time Home Purchase
There are so many emotions connected with buying your first house: stress, anxiety, anticipation, doubt, joy and fear.Not only are first time buyers nervous about the process of buying a home, they are especially worried about being rejected for their mortgage. Many will continue to rent a home, ... more...

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