home buying: How to Pay Off Mortgage Debt Faster
- 08/31/11 03:27 AM
A question of the mind of every homeowner is how can I pay off my mortgage debt faster? Experts agree that making extra mortgage payments to help pay off your balance sooner is a great idea assuming you’ve already paid off (or paid extra on) higher interest rate debts such as credit cards and car loans. The real estate tip most people forget is that the easiest way to save a substantial amount on your mortgage is to choose a 15-year fixed-rate mortgage to begin with. If you compare a 15-year mortgage on $300,000 at 6% interest to a 30-year mortgage … (1 comments)
home buying: Tips for Buyers Searching for the Perfect Home
- 08/29/11 08:13 AM
Buying a home is typically the largest investment anyone will ever make. Oftentimes buyers searching for the perfect home find themselves getting carried away with the excitement of finding everything on their dream list such as granite countertops, hardwood flooring, a swimming pool and more. Before getting too far into the search for that perfect residential property listing, it’s important to ask yourself some key questions. How much can you really afford? What location do you want and why? What features do you really need vs. want? What will you do if the home needs unforeseen repairs? Review Your Finances: Before … (2 comments)
home buying: Get The Facts About Credit Score Myths
- 08/17/11 06:17 AM
The mysterious credit score is misunderstood by a shocking number of Americans. Did you know that 4 in 10 Americans never bother to check their credit scores? Nearly everyone knows they have a credit score and they probably venture to explain their credit as horribly bad, decent or great. Sadly enough, oftentimes these are just guesses. Most people don’t bother taking the time to check their credit score on a regular basis and many have fallen for common credit score myths. When it comes time to purchase a home for sale, knowing your credit score and actually reviewing your credit … (1 comments)
home buying: Home Mortgage Loans: Fixed Rate & Adjustable Rate Mortgages
- 08/15/11 05:15 AM
Last week we discussed the three basic types of mortgages; conventional, FHA and VA. This week we’ll give a brief overview of the options when it comes to interest rates including the fixed and adjustable rate mortgage. Before starting the search for ideal real estate property listings, familiarize yourself with the various types of loans. To help you get started, below is a short overview of what to expect from a mortgage whether it be a fixed rate or adjustable rate. Fixed Rate Mortgages Buyers planning on staying in their home for a long period of time should consider a … (0 comments)
home buying: Your Guide to Understanding Real Estate Appraisals
- 08/01/11 02:39 AM
Understanding real estate appraisals is relatively simple. Yet in today’s buyer’s market flooded with short sales and foreclosures, real estate appraisals have been causing problems for both buyers and sellers of residential real estate for sale. Unfortunately, it is relatively common for appraisals to come in too low which can ultimately end an otherwise successful real estate transaction. To help ensure a smooth offer and closing process, sellers may want to consider obtaining a real estate appraisal before listing their home for sale. Doing so will validate the listing price which can give the sellers more peace of mind when … (2 comments)
home buying: Tips to Pricing Your Home Right
- 07/27/11 03:49 AM
Pricing your home for sale can be a challenging process. Following some simple tips to pricing your home right can ensure your home is priced appropriately in today’s real estate market. It’s a buyer’s market today, and therefore, you should plan on pricing your home at or slightly below market value to be competitive with other residential real estate for sale. The first step to determining an ideal home price is to look at comparables. Also referred to as comps, these are homes that have recently sold within a close proximity to your home. The key to looking at comps is … (2 comments)
home buying: Is a Short Sale Right for Me?
- 07/25/11 03:42 AM
You may be asking yourself, is a short sale right for me? In today’s residential real estate market everyone is looking for a bargain. Short sales are increasingly attractive, especially to first time home buyers in search of a great deal. In reality, purchasing a short sale comes with its ups and downs. Oftentimes, short sales end up being sold to savvy investors who’ve had experience dealing with the potential pitfalls that come along with purchasing a short sale property. Potential difficulties set aside, snagging a great deal on a short sale is becoming more and more popular as potential homebuyers … (0 comments)
home buying: Create Your Home Buyer's Checklist With Help From SignatureListings.com
- 07/18/11 12:50 AM
With today’s wide selection of homes for sale, buyers will look at a record number of properties before making a final selection. Keeping all those homes straight can be a task in itself while comparing them can be an even greater challenge. Using a buyer’s checklist is a convenient way to analyze similar homes side-by-side. The team at SignatureListings.com has compiled a comprehensive 5-page home buyer’s checklist where you can compare up to three homes side-by-side. Utilizing our helpful home buyer’s checklist in conjunction with your new home must-have list is an efficient way to weed through your numerous real estate … (2 comments)
home buying: Tips to Buying a Foreclosure Property
- 07/11/11 07:15 AM
Today’s prospective home buyers are seeking out amazing bargains on short sales and foreclosure properties. While these incredible deals can seem like a dream come true, there are some pitfalls associated with the perks. Even so, nearly 25% of all real estate sales this past May were from foreclosure properties. Are you ready to search through the bargains of foreclosure homes for sale? First you’ll need to search out foreclosure listings. Working with a professional real estate agent who specialized in foreclosure properties is ideal. A knowledgeable agent will be able to find you the best foreclosure properties and can do … (2 comments)
home buying: Pay More Save More: Extra mortgage payments could equal big savings
- 06/27/11 02:08 PM
Making extra mortgage payments could equal big savings for homeowners. Most homeowners are well aware of the fact that they’ll be making hefty payments for the next 30-years, or 15-years at the least if they are lucky enough to have a shorter mortgage. Savvy homeowners make every attempt to make extra payments on the principle of their mortgage to shave years off this large financial burden. Making extra payments on your mortgage will cut down the overall length of the loan thus trimming the overall interest paid over the life of the loan. On a 15 or 30-year mortgage, this savings … (3 comments)
home buying: Tips to make a successful real estate offer
- 06/13/11 02:43 AM
Once you’ve spent valuable time preparing to purchase a home and spent months searching for the perfect property, the big moment to make a successful real estate offer is finally here. Whether you’re planning to make an offer on a traditional home for sale, a short sale, a foreclosure or a FSBO property, the basic details of making an offer are all the same. Although the paperwork seems never-ending with an expanse of verbiage, the specifics are really quite simple. First, you need to determine a fair offer price. This number should be based on research of comparable homes in the … (3 comments)
home buying: The Short Sale: It’s Not So Short After-all
- 06/06/11 09:25 AM
In the current real estate market it seems the majority of the homes for sale are labeled as short sales or foreclosures. Buyers looking for a steal-of-a-deal have a world or opportunity awaiting them, as long as they can afford to wait-out the lengthy short sale process. A short sale occurs when the property owner sells their home for less than what is owed on the mortgage. How is this possible? The lender holding the mortgage must review the situation and decide whether or not they are willing to accept a loss on the property rather than go through the extensive … (0 comments)
home buying: Real Estate Buyer’s Guide Answers Questions for Homebuyers
- 06/02/11 07:14 AM
When purchasing a home, buyers oftentimes have a myriad of questions, especially first-time homebuyers. Even a seasoned real estate buyer will still have a few questions and that’s why the team at www.SignatureListings.com put together our comprehensive Buyer’s Guide. Knowledge is the key to a successful transaction and when making one of the largest financial decisions of your life, the more knowledge the better. From the basic question of Are You Ready to Purchase a Home, all the way through the home buying process to taking title, this handy Buyer’s Guide will answer most of the typical questions that arise … (0 comments)
home buying: Should I Rent or Buy A House?
- 05/31/11 08:11 AM
For a couple months we’ve been reading headlines in the national news that rental rates are on the rise. Many potential home buyers are finding home financing nearly impossible to obtain. Higher required credit scores and down payments are making home ownership challenging to say the least. That being said, it still pays to weigh the option of buying a home. In every market across the country there are amazing deals to be found in nearly every price range. Combine that with low interest rates and motivated sellers, including FSBO sellers, and you may find that buying a home is the … (1 comments)
home buying: What not to do right before you purchase a home
- 05/18/11 06:57 AM
Purchasing a new home is typically the biggest financial investment you’ll ever make and the process can be very stressful. The process of searching through the homes for sale, making an offer and actually closing on a home can be a lengthy process, especially for buyers in search of their perfect dream home. Depending on the length of the process, buyers may find themselves in a variety of situations that could affect their home buying power. A change of jobs, marriage, divorce, birth of a new child and relocation all come with a variety of financial changes that may positively or … (2 comments)
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A question of the mind of every homeowner is how can I pay off my mortgage debt faster? Experts agree that making extra mortgage payments to help pay off your balance sooner is a great idea assuming you’ve already paid off (or paid extra on) higher interest rate debts such as credit cards and car loans. 
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