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HUD's Proposals For Reform
October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US.  As usual, the proposals were open for comment, and many thousands of them were received.  Mine was among them, and is shown ... more...

Which Reverse Mortgage Plan Do I Choose?
April 8, 2003 ?I am 79.  The counselor I saw in connection with my reverse mortgage told me that Fannie Mae?s Home Keeper product would provide me with more money than FHA?s Home Equity Conversion Mortgage, but that Home Keeper would cost me more.  The decision was mine ... more...

real estate home inspections related definitions

RESPA
Real Estate Settlement Procedure Act (RESPA) A federal law passed in 1974 that requires lenders to provide home mortgage borrowers in advance with information of known or estimated settlement costs. RESPA also limits the amount lenders may require to be held in escrow for ... more...

Equity
Equity The difference between the fair market value and current indebtedness, also referred to as the owner's interest. The value an owner has in real estate over and above the obligation against the property. Equity increases as the mortgage is paid or as the property enjoys ... more...

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Get Free real estate home inspections 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...

Guidelines For Assembling Your Real Estate Investing Team
Why Have A Team?It can be quite a daunting task, when youre starting out, to consider hiring accountants, lawyers and other professionals. Not only is the expense a concern but knowing who to consider and how to make a decision about who to utilize puts many people off. And it is for these reasons ... more...

New Home Buyers Who Represents You?
1)Why Buyers Agents The home buying process is full of traps for the unwary, inexperienced, and even the experienced home buyer. A good Buyers Agent can help you stay on course and avoid the problems. Understand that not all real estate agents are equal, spend some time interviewing agents. ... more...

Nannies, Grannies, and the Ontario Fire Code: What Realtors Need to Know About Retrofit Section 9.8
In addition to granny, a granny flat can contain some dire pitfalls for a new owner and anyone involved in the sale of such a unit. Its one more thing for real estate professionals to be concerned about, because the consequences of having an apartment declared illegal or closed down can be ... more...

Expense List for Buying a Home
There are many expenses that come with buying a home. The following list is a good example of what to expect:Down payment - A minimum of 20% of the homes purchase price is usually required for the best loan terms and to avoid paying private mortgage insurance (see below), but its entirely possible ... more...

Boston Real Estate You Still Have Considerable Control Over the Sale of Your Boston Home
Boston real estate is a hot topic. Daily newspaper articles comment on whether or not a bubble exists in the Boston real estate market, when and if it will pop, how interest rates affect the market, why Boston residents are snapping up interest-only loans, and how foreign investors in our ... more...

Title Insurance Protects Your Financial Investment
You purchase homeowners insurance to protect yourself financially in case something happens to your property or its contents. However homeowners insurance won't protect your financial interests if a matter arises regarding past ownership of your property. That is where title insurance comes in.Only ... more...

Top Ten Tips when Buying Real Estate!
In today's financial climate, real estate continues to be a strong investment in many areas. Educated buyers will always make the most out of the real estate market. These top ten tips to buying real estate will help you enter into your next real estate transaction with confidence.TIP #1: Hire ... more...

The Best Time to Inspect Your Home!
Home inspections conducted prior to a home being placed on the market is one of the wisest moves a seller can make. The initial response from sellers when approached with the idea of an inspection done as the home is about to be put up for sale is most always the same - "What?!"Let's review a few ... more...

How to Sell Your Home Without a Real Estate Agent
Considering the rapid rise in home prices over the past several years, home sellers are taking a hard look at the commission they have to pay to a real estate brokerage to market and sell their home. Real estate commissions vary across the country; they average in the four to seven percent range ... more...

Hidden Bank Loan Charges That Would Make a Pick-Pocket Envious
There can be more to a bank business loan than making interest and principal payments. Your firm may get a great rate on its new credit line or term loan but you may cry on the way home when you discover the hidden fees and charges.Even seasoned borrowers can be caught off guard. Borrowing costs ... more...

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