Submitted by Mary Beth Storjohann on Wed, 02/12/2014 - 12:00pm
Your time has come to grow beyond renting a home. What now?
Gen Y, those born in the 1980s and early 1990s, look today to build equity and save on rent by researching the benefits of owning versus renting. Whether married or single, when it comes to renting and owning, you must consider these questions:
Submitted by Kevin Flynn on Mon, 01/27/2014 - 9:00am
Economic and market weaknesses abound, but few see them. At some point in the not-too-distant future, there may well be plenty of heated discussion over how investors and the Federal Reserve could have been so blind.
Submitted by Larry Frank Sr. on Thu, 12/12/2013 - 12:00pm
The biggest purchase you likely ever make comes with many potential pitfalls. Here’s how to dodge some.
Home sales do remain sluggish. The number of contracts Americans signed to buy previously owned homes unexpectedly fell in October for the fifth consecutive month. The gauge of pending home sales decreased 0.6% after a 4.6% drop in September, according to the National Association of Realtors.
Submitted by Michael Kitces on Thu, 10/10/2013 - 3:00pm
Would-be homeowners long turned to the Federal Housing Administration for affordable mortgages. That’s also true for older folks and reverse mortgages, which they use to supplement their income by tapping the equity value of their homes. But the agency is tightening the terms on these loans.
Expanded loan volume paired with what some suggest is a decrease in loan quality have led to increased defaults and depleted FHA reserve funds.
Submitted by Kimberly J. Howard on Thu, 10/03/2013 - 12:00pm
Buying a home is life’s biggest financial investment for most people. Because of the size of the commitment, most buyers need a home loan and must choose a mortgage with unusual care. Here’s what to look for.
Since the depths of the Great Depression, the Federal Housing Administration has helped cash-strapped Americans buy homes. This government agency recently toughened some rules, and here’s what you must know now before applying for an FHA mortgage.
Submitted by Walid L Petiri on Wed, 09/25/2013 - 9:00am
Mortgage rates are up now and are driving higher in the future for two reasons, both emanating from Washington, including one that many are overlooking.
The first reason is well known: The Federal Reserve is planning to withdraw its bond-buying program. The second reason, whose impact is down the road, is the likely revamping or outright extinction of Fannie Mae and Freddie Mac, the two government-supported mortgage giants.
Submitted by Hilary Martin on Wed, 09/11/2013 - 3:00pm
Wondering if it’s better to buy or rent? You’re not alone. We have long been conditioned to view homeownership as an uncontested good, but the housing market took a serious hit during the Great Recession. Now that home values are recovering, will the American Dream of homeownership regain its luster?