The Experts You Can Trust
As early as April this year, the Wall Street Journal reported on the surged of bidding wars among home buyers. With the rise of median existing single-family home price but a lack of inventory of homes for sale nationwide, as reported by the National Association of Realtors, there is a possibility of bidding war among …
The prospect of losing a home is terrifying, but it’s something a significant amount of home owners are faced with in the current day. The enormous strain our economy has placed on property owners has left an alarming percentage of honest, hard-working people with an acute struggle to maintain their mortgage payments. In the …
How HAFA Can Help You Avoid Foreclosure and Receive Relocation Assistance Read More »
The recent National Delinquency Survey of the Mortgage Bankers Association’s (MBA) reveals that among the U.S. states, the rate of new foreclosure fillings in Maryland was the highest in the nation during the second quarter of 2012. Out of 1,000 home loans in Maryland, nearly 20 – double the national average – were drawn into …
New Foreclosure Filings in Maryland Highest in the U.S. during 2nd Quarter 2012 Read More »
Bankrate.com reports that the national average for mortgage closing cost in June this year dropped to 7.4% over the past year. Bankrate surveyed up to 10 mortgage servicers or lenders in each of the U.S. states for the good faith mortgage closing cost estimates for a $200,000 mortgage to buy a single-family home with a …
Mortgage Closing Costs Drop 7% — Bankrate Reports Read More »
The answer to this question is not as simple as looking at the monthly rents and comparing them to mortgage payments. According to Zillow Chief Economist Stan Humphries, other than looking at the monthly rents and mortgage payments, the following factors have to be considered before deciding whether to buy or to rent: time horizon …