closing costs: Breaking Down the Barriers to Affordable Homeownership in Delaware
- 05/09/23 03:28 AM
Wow, have you noticed how the real estate market has transformed over the past few years? It's a whole new ball game out there! As a result, if you're looking to buy a home, it's essential to adapt your approach to match the current market conditions. Don't miss out on the opportunity to make the most of this exciting time in the real estate industry! And that change in approach to buying your Delaware home might include breaking some rules… A recent article from realtor.com outlined some of the common mortgage “rules” that buyers may want to consider breaking in today’s market, including:
… (1 comments)
closing costs: 7 Things To Know About FHA Home Loans
- 01/25/15 07:37 AM
Not long ago, FHA home loans were something of a niche product that appealed mostly to low-income buyers. But when the housing bubble burst in 2008, the federal program suddenly became a common way to finance property. Even today, FHA mortgages can be appealing to those who don’t qualify for conventional home loans. Certainly, there are some big pluses, including the ability to buy a house with very little money down. But be careful: Recent changes have made these loans more expensive than ever. Here’s what you need to know if you don’t fit the ideal credit profile for most … (0 comments)
closing costs: Zillow: Buying a Home Beats Renting After 2 Years
- 05/04/14 11:12 PM
Zillow's break-even horizon analysis came to an interesting conclusion: in half of U.S. metros, buying a home is a better financial decision than renting for buyers intending to stay in their home at least two years. The company’s analysis includes all costs associated with buying versus renting, including upfront payments, closing costs, anticipated monthly rent and mortgage payments, taxes, utilities, maintenance, and renovation costs. The group also takes into account different asset streams associated with different housing situations. For example, a buyer's home equity is factored into the final figure, while a renter's ability to invest some of the money they would have … (1 comments)
“There’s a lot of room for negotiation in the costs of closing and consumers should examine every charge and not hesitate to challenge them and try to bring them down,” says Barry Zigas, director of housing policy at the Consumer Federation of America.
Closing costs can really add up when buying or refinancing, running anywhere from 3 to 6 percent of the price of the property. For example, in 2010 the average closing costs for a $200,000 purchase rose nearly … (98 comments)
closing costs: 4 Tips to Reduce Your Closing Costs and Fees
- 08/04/10 10:37 AM
Home mortgage rates are currently near historic lows and have remained at these low levels for several months. As a result, many people are eager to refinance their current mortgage loan to lock in a low rate. For those in an adjustable rate mortgage, timing may never get any better to refinance out of your current mortgage and into a more conservative and consistent 15 or even 30 year mortgage loan.When deciding to refinance a home mortgage, be sure to understand the refinancing costs associated with doing so and then try to limit them as much as possible.Refinancing an existing … (0 comments)
Wow, have you noticed how the real estate market has transformed over the past few years? It's a whole new ball game out there! As a result, if you're looking to buy a home, it's essential to adapt your approach to match the current market conditions. Don't miss out on the opportunity to make the most of this exciting time in the real estate industry!
;)
;)
;)
