Thirty years to pay something off just sounds crazy but, as you know, 30 years is a typical timeframe to pay off your home. However, today’s article features one couple’s story and how they are trying to make their 30-year mortgage into a 15 year one. Here’s a little preview, “…buying a home is a huge commitment of time, money, and energy. But what if you could pay off your mortgage in half that time? Tom Cox and his wife, Vickie, are close to doing just that. Both now 46, the couple decided they would buy a home in 2000 but with the caveat of “going all in,” as they say.” To check out their story and to read more, CLICK HERE.
Category: On The Radar Reports
Getting Out Of A Sticky Real Estate Situation
Today’s article tells the story of a couple who went a little too buy crazy when they had the opportunity but were soon stressed out to the max. Here’s a quote, “they had binged and bought three condos in Florida during the real-estate boom, but by 2011 were underwater by more than $300,000 on those mortgages. Even after receiving rents, they were losing $4,000 a month from servicing the loans and paying for repairs and other carrying costs.” Want to read more, CLICK HERE.
Making You First-Time Home Purchase Less Stressful
Buying your first home is an exciting life event. But it can also be the most stressful event in your life. Today’s article features several different loan options for the first time home buyer. Here’s one, “If you don’t have much to put down on a home, a Federal Housing Authority (FHA) insured loan could be the way to go. Insured by the U.S. government, they are available for first-time buyers and allow you to put as little as 3.5 percent down, according to the Housing and Urban Development FHA website.” To read more, CLICK HERE.
Good News For Commercial Real Estate
In a time where there isn’t a whole lot of good news to go around we bring you today’s article. The article discusses a 96 page report about commercial real estate growing. Here’s a quote from the article, “The good news is that the commercial real estate industry grew at the strongest pace yet over the past year since the economic recovery began in 2011, according to a report recently released by NAIOP, the national commercial real estate development association.” To read more, CLICK HERE.
Winning A Bidding War
Bidding on a house can be the most stressful event in the home buying process. After who knows how long, weeks or months of searching, you finally find the house of your dreams. It’s got all of your must haves and is even in your budget but it comes down to a bidding war and you may lose the house. How do you get your home? Today’s article looks at strategies to winning a bidding war. “…have a clear understanding of what the home is worth to you and how far you are willing to go to win it. Once you know this, the following steps can help you come out on top in a real estate bidding war:” To check out the steps, CLICK HERE.
Who Are The Top Foreign Buyers Of U.S. Real Estate?
Today’s article explains big real estate spenders, where they are from and where they bought. Real Estate buyers from this foreign country bought billions of dollars worth of property. Here are some stats from the article, “…sales activity from international buyers surged 35 percent in the 12 months that ended in March. While international buyers represent only 7 percent of total existing home sales nationally over the period, their buying is highly focused on high-end homes in Florida, California, Texas and Arizona.”To read more, CLICK HERE.
Buying A House, How Long Should It Take?
Looking to buy a house but you’re not sure how long of a process it will be? Today, we’re bringing you an article that breaks down a timeline of what you should be prepared to do before you buy. “The homebuying journey — from financial preparation and finding the right home to getting under contract and through closing — tends to take a lot longer” To read more, CLICK HERE.
What You Need To Know About Flipping
Do you flip houses? Did you know there are certain things you need to disclose? This Wednesday we bring you an article that explains exactly what you may need to tell your potential buyers about the house. Here’s one, “when water gets in where it shouldn’t, it can damage personal possessions, undermine the home’s structure and even create a health hazard if it encourages mold growth. Sellers should disclose past or present leaks or water damage.” To read more, CLICK HERE.
Investing in Companies With High Dividends
Looking for real estate stocks that have high dividends? Here’s a quote, “…both of these companies are real estate investment trusts — REITs — owning properties that are in turn leased out to different companies across a variety of industries.” Find out which companies today’s article is referring to, CLICK HERE to read more.
Rates Hits 2014 Low
“30-year fixed-rate mortgage (FRM) averaged 4.21 percent with an average 0.6 point for the week ending May 8, 2014, down from last week when it averaged 4.29 percent. A year ago at this time, the 30-year FRM averaged 3.42 percent.” That was a quote from today’s article about fixed mortgage rates being the lowest it has been since last November. The low mortgage rates may create an opportunity to buy, however, the lower rates are an indicator that the economic growth has been below expectations. To read more, CLICK HERE.
