Buying a condo with mortgage financing is more difficult than buying a single-family home with a mortgage. You are at the mercy of the lender/mortgage program when choosing the condo development. Unfortunately, not all condo developments receive approval from the mortgage programs available Read more
How to Buy a Pre-Foreclosure Home
If you are looking for a deal on a home, one of the best ways to get one is by buying a pre-foreclosure home. Typically, you’ll see pre-foreclosures homes listed as a ‘short sale.’ In other words, lenders are willing to take a smaller amount that the owner owes and consider the mortgage paid in Read more
The Right Number of Houses to See Before Making an Offer
Should you make an offer on the first home you love? Is it better to wait until you’ve looked at multiple homes? How do you know what to do?Looking for Current Mortgage Interest Rates? Click Here.Today, it’s not unusual for home shoppers to look at hundreds of homes. Now this doesn’t mean Read more
How to Buy a House After a Chapter 7 Bankruptcy
If you had to file for Chapter 7 Bankruptcy, don’t worry, you aren’t alone. Millions of Americans have to file for this BK in order to get the fresh start that they need. It’s how you conduct your finances after the discharge of the Chapter 7 bankruptcy that will determine your ability to buy a Read more
Should I Withdraw From my IRA to Buy a House?
The IRS allows a one-time exception for first-time homebuyers that want to tap into their IRA to put money down on a home. That exception saves you a 10% penalty, which could amount to quite a bit of money. But just because you can withdraw the money (even if you aren’t a first-time homebuyer), does Read more
