san antonio homes: HARP reboot - can you take advantage of it?
- 02/22/13 05:54 AM
A couple of Senators have been hard at work trying to help struggling home owners. The Responsible Homeowner Refinancing Act of 2012, the landmark bill to help home owners refinance to lower rates, has been redrafted. Senators Robert Menendez and Barbara Boxer propose to lower closing costs, reduce qualification requirements, and even make it easier to change mortgage servicers with the Home Affordable Refinance Program (HARP). The most interesting part of HARP 3.0 is its proposal to relax the underwriting guidelines on the home owner's income and employment status. Instead, the borrower’s payment history needs to be good; specifically, current … (4 comments)
san antonio homes: Neighborhood expert, or real estate expert?
- 02/11/13 02:18 AM
What is more important to a home buyer or seller: working with a "neighborhood expert," or working with an expert on negotiations, contracts, marketing, or real estate transactions? You can probably tell where I'm going with this! There is nothing wrong, of course, with being knowledgeable about everything that goes on in your neighborhood, or the area you choose as your market. Buyers and sellers are always interested in the real estate activity of their community; and they're also interested in the latest news and events. But with the exception of some data on the MLS, that information is freely available … (2 comments)
san antonio homes: San Antonio celebrates good housing market news
- 04/18/12 01:30 AM
Spring has sprung in San Antonio, and right before Fiesta kicks off we get some news worth celebrating. The average and median home prices in the San Antonio metro went up. And so did market activity. By March end, the average price for a home increased to $185,561. That’s up 2% from a year ago, according to the San Antonio Board of Realtors.
The median price was $155,600. Half of single-family homes sold for more than that, and half sold for less. It increased by 4% from March 2011. Also recording a 4% increase was the total number of residential … (1 comments)
san antonio homes: Why do people rent?
- 05/23/07 03:07 AM
I am often asked why someone would pay rent instead of applying the same amount to a mortgage on a home instead, so I thought it might be a good time to post some of the reasons. Why do people rent a home instead of buying one? Here are some answers: They can't. - They don't have enough cash for a down payment - Their credit isn't good enough to qualify them for a mortgage They don't want to. - They want to be able to pick up and move - They're scared of the financial responsibility of owning a home - They're don't want the hassle of maintaining a … (2 comments)
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