Adjustable-rate mortgages are making a comeback, which could be a problem for household budgets in a rising market. By Mitchell D. Weiss The financial services industry is on the verge of an awesome hat trick with regard to residential mortgages. For the uninitiated, hat trick is sports-speak for three goals that are scored by the…
By Sharona Ott What can $200,000 buy you? A car enthusiast might be quick to suggest that this sum can purchase an opulent vehicle, such as a Bentley Continental GT or a Lamborghini Gallardo. However, with this amount of cash, one can purchase much more than a stylish ride. There are many homes that also…
When purchasing a new home, there are many different steps to take to complete the process and ensure that the property is in good condition before moving in.
Women dance zumba at a Cinco de Mayo festival at Denver’s Civic Center Park on May 4, 2013 in Denver, Colorado. Hundreds of thousands of people were expected to attend the two day event, billed as the largest Cinco de Mayo celebration in the United States. Cinco de Mayo observes the victory of the Mexican army over French forces on May 5, 1862 in the town of Puebla, Mexico.
Apartment hunting can be stressful for any renter, but New York City dwellers encounter a unique set of circumstances when looking for a place to live. Every seasoned New York City renter has a horror story — whether it’s the time they lost the perfect apartment or a blacklist of brokers they refuse to work with again.
When it comes to kitting out your office there are ways in which you can make it glam for a fraction of the price. In order to achieve the ultimate office design you need to be savvy to find those items which seem more expensive than they appear.
There are ways for homebuyers to determine if they’re about to purchase a disaster.
Carmen Electra, former Playboy model and star of parody films (you probably know her best from “Scary Movie,” “Date Movie,” “Epic Movie,” “Meet the Spartans” and “Disaster Movie”), has just purchased a neo-Mediterranean villa for $2.685 million in Los Angeles’ Nichols Canyon.
Guardian reporter Jessica Glenza and her boyfriend are buying a house and decided to go with a Federal Housing Authority loan. Glenza explains (in a satirical way that catches your eye), why she can finally afford a home and why some might think this is a bad thing. It was over a plate of linguine…
A new home often means making significant adjustments to how you spend your money. Expenses such as mortgage payments, property taxes, insurance, utilities, and maintenance add up quickly and can easily throw your best financial intentions out of whack.
Home-price growth continued to moderate in many metropolitan areas in the second quarter and national year-over-year price appreciation is now at its slowest pace since 2012, according to the latest quarterly report by the National Association of REALTORS®.
Many millennials like to be in the middle of the action, yet they’re not (necessarily) seeking excitement in big cities. Surprisingly, millennials are suburbanizing.
Last year, most financial experts — really, anyone who kept up with Fed moves — were certain that interest rates would finally begin to rise in 2014. Now, eight months into the year, mortgage rates are still at record lows and — surprisingly — consumers aren’t even taking advantage of them.
Buying a house is a little like asking someone to marry you. In both cases, you make your offer believing there’s a good chance you’ll get a yes, but you know you could get a no.
This as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) increased to 4.35 percent from 4.33 percent. Mortgage rates have barely moved in the past several months.
While most homebuyers are focused on rising home prices, closing costs are rising nearly as quickly over the past three years, increasing by more than 20 percent since 2010, according recent information from Bankrate.com.
While 94% of prospective homebuyers believe they are making a good investment by purchasing a home, many have not actually done the math to determine what purchasing a home will cost them.
Over the past two years, home prices have seen double-digit percentage price increases in some cities, and more modest percentage increases in others. But overall, there are more buyers vying for fewer homes in many markets across America.
Citigroup Inc. said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis. The settlement figure was more than twice what many analysts expected earlier this year but less than the $12 billion the government had sought in negotiations with the bank.
This sounds like a contradiction in terms. But in fact a prefabricated house can be built on site when the factory is on site as well.
“We see a lot of boomerang buyers. I’d say about 20 percent of my current clientele has either suffered a short sale or a foreclosure in the past and are now re-buying back into the marketplace,” said Matt Weaver, a lender with PMAC Lending Services in Florida.