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Are Mortgage Assumptions a Good Deal?
November 17, 2003, Revised December 20, 2005 ?I have been offered a deal where I take over the home seller?s mortgage. What are the pros and cons of doing this??  Benefit of Mortgage Assumptions to Buyers When a homebuyer assumes responsibility for a home seller?s ... more...

HUD's Proposals For Reform
October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US.  As usual, the proposals were open for comment, and many thousands of them were received.  Mine was among them, and is shown ... more...

condo property home inspection loan buyer real related definitions

Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more...

Owner Occupied Property
Owner Occupied Property A borrower uses the property as a primary residence. An Owner Occupied loan is secured by property, typically with the borrower renting and occupying the space. If more than one unit, the lease payments may directly support principal and interest ... more...

More about condo property home inspection loan buyer real

Selling Your Home Yourself Pricing It Appropriately
When youre selling your own property, whether its a house, townhouse, condo, apartment, a finished lot, raw land, a farm, a ranch, or whatever, the first thing to get right is the price you ask for it. If you work with a broker, the legwork is done for you. When you work as a FSBO (for sale by ... more...

Tips for Buying a New Home
My wife and I recently purchased a new home in Tennessee. Here are some helpful hints we picked up along the way:1. Use all of the online resources available. Almost every state and local government has a website where you can research real estate information. The data on home sales, taxes, and ... more...

Condo-Hotels A New Second-Home Alternative to Time Shares
Condo-hotels have evolved as a better, more reliable second home alternative to time-shares. They are usually attractive, high-rise hotels on the ocean or in other prime locations, and range in price from the mid $200,000s to over 1 million, depending on the size, location, and amenities.Many of ... more...

Too Many Cooks in the Kitchen After Wife Gets MBA
"Hesh, where is your business plan? It was a question I expected from my banker, but not from my wife. She tried to sweeten it by adding, honey? It didnt help. I looked at her in disgust. I realized I had created a monster.Let me explain. I had encouraged Sue to go back to school. The kids were ... more...

Buying a Home with Zero Down Payment in Irvine, CA
Years ago, the only person that could buy a home in Irvine with zero down payment using a new purchase money loan were Veterans of War (called a VA loan). In the past several years, there has been an explosion of new loan programs designed to fit most any buyers circumstances. Today, most anyone ... more...

5 Ways to Absolutely Destroy Your Finances!
Ben Stein has a book called How to Ruin Your Finances. To be honest, Im not sure an entire book is needed on the subjectthere are some fairly quick and easy ways to accomplish the task. (Before continuing, let me be clear that I do not actually recommend such activitiesThis is a reductio absurdum ... more...

Pricing your House to Sell
Most Sellers set their initial asking price at an amount somewhat higher than they are actually willing to accept, fully expecting a buyer to open the bidding with a lesser amount.While price is the most frequently negotiated item in any home sale, you may be able to creatively provide financial ... more...

Boston Real Estate You Still Have Considerable Control Over the Sale of Your Boston Home
Boston real estate is a hot topic. Daily newspaper articles comment on whether or not a bubble exists in the Boston real estate market, when and if it will pop, how interest rates affect the market, why Boston residents are snapping up interest-only loans, and how foreign investors in our ... more...

More For Me Means More For You
How would you like to have what you want AND at the same time create a situation through which many people benefit? That can happen when you are bold enough to leverage the Universal Law of Attraction to attract more of what you want.Soon after moving into my new harborside condo, I sat down and ... more...

Build a Plan of Action and Get Ready to Buy Miami Real Estate
We all know that buying real estate is one of the biggest personal investments you can make. When you are buying in a competitive market, like the Miami real estate market, being organized and in control will contribute significantly to ensuring that you get the best Miami home or condo deal ... more...

The Need for Affordable Housing
During the last 3 years, we have experienced a tremendous appreciation in the priced of homes in Palm Beach County, with a 30% increase in the last 12 months. This has created a situation where the average wage earner is not able to afford a home.The average price for a condo is $155,000, townhouse ... more...

Condo Hotels Offer Luxury and Great Investment Potential
Not Your Typical Vacation HomeWhat could be more perfect that owning a luxury vacation home at a landmark resort and receiving rent revenue whenever youre not using it? Condo hotels are the newest trend in vacation home ownership. Live in it when youre there; rent it when youre not.So how do ... more...

Title Insurance Examples of Problems and Advice
What is title insurance and why should any buyer get it when purchasing a home (single family, townhouse, condo, apartment, or whatever format your home purchase takes)? Doesnt the attorney or settlement company handling the closing see to it that you have a clear title? Isnt this just another ... more...


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