Funniest Google Search of the Day – June 24th

This is a classic, no real commentary to describe this one, but this search ending up at Subprime Blogger:
any Wal-Mart’s in Sub Saharan Africa
The search links back one of my original posts back in November asking “Is Wal-Mart Good for the Economy?“

Mortgage Rate Predictions – The Fed Purchases $75 Billion in Mortgage Backed Securities

UPDATE: For more recent mortgage rate predictions make sure to go to the mortgage rate predictions category. Also please check out the mortgage rates forecast category for more interest rate analysis.
August 17th – The current mortgage rate predictions article can be found here: Mortgage Rate Predictions – Mortgage Rates Around 5.2% in Mid August. Mortgage [...]

A Wish List is Everything You Want in a Home; A Reality Check is Everything You Can’t Live Without

When buying a home it is very important to distinguish between a wish list and a reality check. A wish list is everything you want in a home while a reality check is everything you can’t live without. Think of it this way, you may wish to have four bedrooms and three baths, but what [...]

Inspectors Found Something Wrong with the Home I Want – What Should I Do?

The job of the home inspector is to find the things that are wrong with the home so do not be surprised if they do find many problems that need to be fixed. Once a problem is found by the inspector, you must answer the question “is the problem fixable?” If the problem is fixable, [...]

Is My Broker or Agent Doing a Good Job?

If you are using a buyer broker or a conventional agent, you should be getting the best assistance in finding a home that is right for you. You will know that a broker or agent is doing a good job when they are asking questions and listening to YOUR needs. It is their job to [...]

Good Faith Estimate (GFE) – What is It?

The Real Estate Settlement Procedures Act (RESPA) of 1974 states that when you file an application for a loan the lender must provide a good faith estimate (GFE) of closing costs. It is customary that the lender will give you the estimate before you leave upon completing your application, but by law they have three [...]

There is No Standard Real Estate Commission

There is no law that states what the standard real estate commission should be, but it is wise to find out the range that the seller broker is going to use. Sometimes they tell you it is between 5 and 7 percent, but some will narrow it down to between 5 and 5.5 percent. Either [...]

Can You Buy a Home Without an Agent?

You can absolutely buy a home without an agent, but if you go the do-it-yourself route, you have the chance to make many mistakes. You may feel you are experienced and know everything to look for when buying a new home, but only real estate agents have the experience of looking at 1000s of houses [...]

How Much Should My Down Payment Be on My Mortgage?

It wasn’t that long ago that you had to fulfill 20% of a mortgage loan with a down payment. If you wanted to buy a $200,000 home, you must pay $40,000 up front before the home was yours. This is not the case today as the Federal Housing Authority (FHA) has lowered the down payment [...]

Counteroffers – What You Need To Know

A counteroffer is an offer that happens after the initial contract has been presented to the buyer. The buyer makes an offer then the seller responds with a counter offer. This can go on forever until one side accepts or declines. Making a counteroffer is actually much simplier than the initial offering. You will have [...]

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