Joe Resendiz's (joeresendiz) Blog

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Industry Observer - ValuePenguin
RECENT BLOG POSTS
Anyone shopping for a home knows how hard it is to scrape together a down payment. Factor taxes and costs of living into the mix, and most Americans will have trouble saving anything. Based on our calculations, the average college graduate carries around $32,731 in student loans, which doesn't le...
12/21/2018
Massachusetts homeowners are starting to encounter crumbling foundations, an issue that more than 35,000 Connecticut homeowners know all too well. The problem stems from using a mineral called pyrrhotite, which causes concrete to corrode and crack over time. This type of foundation issue isn't ty...
11/29/2018
Rural homebuyers sometimes operate under the assumption that most mortgage lenders don't cater to them, or that banks will jack up the rates on their home loans because of a lack of competition in their area. However, rural homebuyers do have one solid loan option: the USDA home loan program, whi...
11/07/2018
According to a National Association of Realtors survey, most people consider homeownership a part of the "American dream." But no piece of the American dream should be too costly. The average cost of moving within a state was about $1,100 in 2014, according to a U.S. News & World Report article. ...
10/25/2018
Does your property need a few touchups? Perhaps you're thinking of buying a fixer-upper to flip for a quick buck. In either case, a home renovation loan can give you access to the funds needed to cover repairs on your new home. These come in the form of mortgages with built-in cash outs or person...
10/24/2018
Buying a new home is a dream come true for many individuals. If you are trying to buy a home in Texas, you could find yourself days away from closing thinking everything is going according to plan—and then a single call to your insurance agent changes it all. In some cases, insurance agents are u...
10/24/2018
In 2015, four Florida residents and a Pennsylvania homeowner filed a class action lawsuit alleging they were being overcharged for force-placed insurance by their lenders. In September, a federal appeals court unanimously voted to dismiss the case. The lawsuit's implications and final results mak...
10/19/2018
If you're trying to buy a home in a pinch, but your current property hasn't sold, it might be difficult to convince a lender to write another mortgage before you've paid off your existing home. For people who need to close on a property quickly, a bridge loan might be a viable short-term solution...
10/12/2018
If you've been browsing for the home of your dreams to no avail, it may be time to consider building it from scratch. A home construction loan could help your dreams become a reality. Unlike traditional mortgages, construction loans last for as long as it takes to build the home and then (usually...
09/26/2018
Prospective investors and home flippers alike are drawn to foreclosed homes like fireflies to a lamp-post. The discounted prices on these properties are very attractive to speculators looking to make a quick buck, but they are not without risk. Foreclosed homes often suffer from poor maintenance,...
09/12/2018
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Joe Resendiz

Jr. Research Analyst
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