30
Apr
By Jim Hasek
Home Buyer Tips, ,

Do You Need a Real Estate Attorney to Help Close Your Home Purchase? Let’s Take a Look

When buying a new home, you may have a close eye focused on your budget and expenses, and your goal may be to keep related expenses to a minimum. However, you may also be well aware that a real estate purchase is a legal transaction, and you may be wondering if you need to pay for legal services from a real estate attorney. With a closer look, you can make a better decision that is right for your home buying plans. The Legal Forms Used With A Typical Transaction The majority of real estate contracts will be written using standard…
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29
Apr
By Jim Hasek
Market Outlook, ,

Case-Shiller: 20-City Home Price Index Hits 6 Month High

According to the Case-Shiller 20-City Home Price Index for February, month-to-month home prices increased by 0.50 percent from January’s reading and achieved the highest year-over-year gain in six months. Analysts expected February home prices to increase by 4.80 percent. David Blitzer, chairman of the S&P Dow Jones index committee, said that home prices continue to rise and outpace both inflation and wage gains. Although this is great news for homeowners, it also demonstrates the challenge of affordability for home buyers. Year-Over-Year Home Prices: Denver Leads in Home Price Gains Home prices in Denver, Colorado increased by 10 percent year-over-year in…
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28
Apr
By Jim Hasek
Home Mortgage Tips, ,

Yes, It’s Possible to Get a Mortgage Without a Favorable Credit History – Here’s What You Will Need

There are several factors that are reviewed when you apply for a home mortgage, and one of the initial factors is your credit rating. You may already be aware that you have a lower credit score, or you may have learned about your credit issues after speaking with a mortgage professional. Now that you are aware of the situation, you may be concerned about your ability to get approved for your loan request. The good news is that you may still be able to get a mortgage without a favorable credit history with a few things. A Co-Borrower Or Co-Signer…
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27
Apr
By Jim Hasek
Market Outlook, ,

What’s Ahead For Mortgage Rates This Week – April 27, 2015

Last week's housing related reports included the FHFA Home Price Index, the National Association of Realtors® Existing Home Sales report and The Commerce Department's report on new home sales. Results were mixed, but suggest that housing markets are strengthening. FHFA Home Prices Up in February, Existing Home Sales Highest in 18 Months The Federal Housing Finance Agency reported that home prices associated with mortgages owned or backed by Fannie Mae and Freddie Mac rose from a 5.10 percent increase in January to a seasonally adjusted annual rate of 5.40 percent in February. The National Association of Realtors® reported that sales…
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24
Apr
By Jim Hasek
Home Buyer Tips, ,

The Three Essential Habits That Successful Home Buyers Must Embrace

Whether you are preparing to purchase your first home or it has been many years since you last walked through the home buying process, you may be starting to feel overwhelmed at the thought of all of the work that lies in front of you. From concerns about finding the right home to the physical act of relocating all of your belongings after the closing, there is certainly a lot to think about. While each home buying transaction is unique, the most successful home buyers have typically adopted a few behaviors. You may keep these in mind to help you…
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23
Apr
By Jim Hasek
Home Mortgage Tips, ,

Should You Be Worried About Skipping Multiple Mortgage Payments? Yes, and Here’s Why

From time to time, a homeowner may struggle to make a mortgage payment on time. Most will be able to make the missing payment a week or two later when the next paycheck arrives. However, others may find themselves in a situation where they are unable to make multiple payments in a row. If you are skipping multiple mortgage payments, you should be concerned about your financial situation. There are several important reasons why you may want to take action to improve your situation or to work out a payment arrangement with your mortgage company. Falling Too Far Behind To…
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