Foreclosure is every homeowner’s worst nightmare. However, there is no need to panic! Here are ten suggestions to avoid foreclosure, both now and in the future. 1. Don’t ignore the problem. The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your home. [...]
The housing spending gap between owners and renters is growing. According to the October Core Logic US Housing and Mortgage Trends, renters now spend 5% more of their monthly budgets on housing costs than homeowners. And as rents rise, the gap is expected to widen. Since 1985, housing expenses have taken up 12% more of [...]
Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 16, 2011. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted [...]
There are several inexpensive ways to make your home look more attractive before you list it for sale. Your garage doors are one of the first things that perspective buyers see when they pull into your driveway. If the door is in good shape, a fresh coat of paint might be all that is needed [...]
In this tough economy, more and more individuals are looking at the potential long-term investment of rental property to provide a supplemental revenue stream and/or tax shelter. Like anything that appears too good to be true, beware of rental rehabs. Mark Fitzpatrick of Lenox Home Loans (lenoxhomeloans.com) recently blogged that if you’re planning on rehabbing [...]
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