A new bill has been passed recently which aims at protecting borrowers like you from abusive home loans. But the journey was not easy for it as it got resistance in the House and would see the same in the Senate. The White House also criticized the bill along with the mortgage industry.

It was passed by a 291-127 vote, among which votes of 64 House Republicans are also there. Others opposed it saying that it is a overreaction to the prevailing conditions in the real estate market. According to them the lending practices are improving in the country and […] Continue Reading…

You are ready to buy a real estate property. You have the resources, finance, and desire to invest in real estate. Now, you may face a problem. It’s the answer to the question – whether you should buy a single home or a condo. Both may be fine with you and you may find that you like both. But you need to decide on that and buy the best one for you.

Both condo and single home or home has its advantages and disadvantages.

If you want to enjoy the city life and have no obligations like children, then a condo […] Continue Reading…

Good news for the home buyers. Now you can have money for buying home at a lesser cost. Yes, the mortgage rates are sinking.

All mortgage rates fell. Among all the 30-year mortgage rate is the biggest loser. The average 30-year, fixed rate mortgage was standing at 6.20 percent, which was the lowest in the last six months.

                                                            Now              Previous
15-year fixed-rate mortgages     5.83 percent  5.88 percent
5 year adjustable rate mortgage 5.88 percent  5.96 percent
1 year adjustable rate mortgage 5.42 percent  5.50 percent

If you have been waiting to buy a home, then this is the time. Act now and grab the chance. This is a good […] Continue Reading…

Very often you use a real estate agent when you want to buy a home. This may be a good step that you have taken.

Real estate agents have access to different types of homes. So he can help you with information about various types of home, which may open up new options for you.
Real estate agents have access to all the properties in an area, which are listed, for sale. So, you do not have to go hunting for it. The agent will do it for you.
He can tell you about any specific area. You may not know about […] Continue Reading…

As a single you may want to a home. While buying a home, follow the following tips to be successful in the dealings.

1.Do your homework – Before you go out and buy a home, you first need to do your homework. Your homework for home buying as a single may consist of finding out the relevant information about homes and home buying.

2. Determine your need— Find out what you need as a single. Find out the size, space, number of bedrooms, neighborhood you want.

3. Condominiums and townhouses- As a single you can take a look at condominiums and townhouses. […] Continue Reading…