Is It Better to Buy a New Home or an Existing Home?
About one out of every six home buyers will purchase a “newly constructed” home each year. There are many reasons why you might want to buy a brand new home. No one has ever used the stove, bathroom, sinks, closets, laundry room, etc. There are no worries about how the previous own treated the house [...]
Homeowner Unemployment Assist Program – Is It Fair or a Moral Hazard?
Today CitiMortgage announced a plan to assist unemployed borrowers who are behind on their mortgage payments. The Homeowner Unemployment Assist Program is expected to help “thousands” avoid foreclosure in the next two years. The plan will allow those who are unemployed to pay reduced mortgage payments for three months while they seek employment. The average [...]
Final Walk-Through Should Be Scheduled AFTER The Seller Has Moved Out
With many first time home buyers out there, a common question is “what do I do if the seller wants to stay past the closing?” The ideal situation is to have the final walk-through scheduled after the sellers have moved out of the house. This way, you will know that they will be gone once [...]
6 Reasons the Mortgage Industry Continues to Lag in Technology
We all agree that technology has greatly changed our life for the better. Having the opportunity to answer almost any question online saves time and energy. Why does the mortgage industry continue to lag behind? Does anyone think THESE mortgage brokers have used Reddit, Twitter or Facebook? Do they even know what Google is?
Will the Falling Stock Market Affect Mortgage Rates?
Everyday we check our stock portfolios we see red, dark red. To compound matters, we are ambushed with news headlines that read “the lowest levels for the stock market since 1996.” Sometimes the truth hurts, but do we really need to see it on every single newspaper? It is difficult to find many analysts or [...]
6 CNBC WTF Moments
Erin seems to be going crazy here, can anyone figure out exactly what she is saying? Erin Burnett Loses It – Watch more free videos No CNBC WTF list is complete without the “What do you want? What do you got? “ comment by Charlie Gasparino. If you are unfamiliar with this guy, he loves [...]
Will The Obama Mortgage Plan Help Me Get a Lower Mortgage Rate?
Beginning in early March, the Obama Mortgage Bailout Plan will start to affect mortgage rates. The question is, will we really see lenders funding mortgages at interest rates below 5.5%. There have been advertisements all over the internet and television claiming to offer refinancing rates at 5% and under, but very few home owners have [...]
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