Joe Resendiz's (joeresendiz) Blog

Industry Observer - ValuePenguin
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...
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...
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...
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. ...
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...
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...
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...
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...
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...
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,...

Joe Resendiz

Jr. Research Analyst
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