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June 11, 2009
I have seen the video below several times and it has always spoken to me the same way. Regardless what is happening on Main Street or Wall Street, if you are in the position to buy, then you are in a position of strength. This is true whether it is the housing market, the auto industry, the boating industry, or maybe the furniture market. However, the real question is how strong is your buyers strength? That is the question that I will try to help you answer in this article.
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Posted in Personal Finance, buyer, mortgage, purchase | No Comments »
April 9, 2009
It will not come as a surprise to anyone that banks all over the world have been in severe trouble as the global economic woes impact most segments of the financial industry. I have read numerous articles, and written a few myself, about when the bottom of this crisis would be reached. Back on January 9th, I happily wrote a post entitled Rebounding Markets in which I discussed the flurry of reports on the bottom of the economic markets having been reached. Read More
Posted in Banking industry, First Time Homebuyer, buyer, economy, purchase, refinance | 2 Comments »
March 11, 2009
With all the changes to guidelines in the lending industry that have taken place in the past couple of years it is important for both you and your Realtor to know what type of loan and how much of a loan you have been qualified for. Even if you don’t feel comfortable going to the top of your qualifies loan amount, it is important to know your ceiling. In the following article from Debbie Malone, this excellent Realtor gives her very solid advice drawn from her years of experience as one of the best Realtors in Virginia. I hope you find the article both informative and useful. Read More
Posted in FHA, First Time Homebuyer, buyer, mortgage, purchase, refinance | 2 Comments »
February 18, 2009
There was big news today out of Denver! It would have normally come from Washington, D.C. but President Obama decided to sign the stimulus bill, called the American Recovery and Reinvestment Act of 2009 in the Mile High City. In the following article Fred Chamberlin examines how this new law may affect homeowners specifically and the real estate industry in general. This is an enormous piece of legislation that will take time to comprehend. The issue now is how can this new law can be effectively used for the benefit of homeowners and the overall economy. Read More
Posted in First Time Homebuyer, mortgage, purchase, tax credit | 4 Comments »
February 14, 2009
When you work with a professional they listen to your needs and hopes; they talk to you in a way that you can understand even if it is something you know little about. In short the same qualities that many of us look for in friends are the very same qualities we look for in professionals. Do you have that level of comfort and understanding with the professionals in your life? In the following article, Danny Thornton explores the importance of a good working relationship with your real estate industry professionals. Read More
Posted in Realtor, mortgage, purchase, refinance | 2 Comments »
February 13, 2009
This is by far one of the best articles I have come across in a long time that really spells out the need for buyers to get a pre-qualification letter as a first step in finding the home that fits perfectly for their situation. In today’s market, when gas is expensive, realtor safety is always a concern, and setting realistic expectations for buyers is more important than ever, it only makes sense to help buyers maximize their home search. Debbie goes into many of the reasons why this is important. Her article is not meant to discourage any qualified buyer. It is I believe meant to help both buyer and realtor to know what type of house they should be looking for. I am sure you will enjoy this article from one of the most successful realtors in Virginia. Read More
Posted in Realtor, mortgage, purchase | No Comments »
February 11, 2009
When I came across this article by Fred Chamberlin I was stunned to say the least. This article illuminates a path for home ownership for lots of Americans. This means that what Fred discusses is important and different from traditional FHA, VA, and USDA programs because it can be used by investors. That’s right, investors! Do I have your attention now? Then read on… Read More
Posted in HUD, investment, mortgage, purchase | 2 Comments »
February 5, 2009
A couple of days ago Fred Chamberlin wrote an excellent article, Buying Your Home: Do You Want To Buy a Foreclosure? In that article he discussed many of the issues that a prospective home owner might encounter when buying a foreclosure. In this post Fred discusses the importance of having a Realtor® that is knowledgeable and trustworthy to represent your interests. Read More
Posted in Realtor, purchase | 2 Comments »
January 17, 2009
In a post by Sandy Noll she not only poses the question to the current homeowner and prospective home buyer, Is now the time to buy or refinance? She also gives you one of the most important tools in helping you to make that decision. More than a traditional mortgage calculator, the link allows you to input different variables like current vs. future home value and different interest rates. Hint to using the tool, the green box in the right hand quadrant it the control for the Sales Price Comparison and the Payment Difference charts. I hope you find this post useful. Read More
Posted in mortgage, purchase, refinance | No Comments »
January 1, 2009
With a resounding ring, the new year was ushered in by billions of people all over the world. For some, they were glad to get 2008 behind them. For others, they were glad to get 2009 started. For me, I fall in the second group. I am excited in what I see happening in the housing
market here in American. Do I think that it is going to create a wealth of income for fly-by-night professionals as it did in the 90’s? No, not even close, but it will create a steady stream of income to the professionals that get into it for the right reasons. Read More
Posted in mortgage, purchase, refinance | 6 Comments »