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Mortgage Professor about home buying: 
Does a Fast Payoff Make Sense?
September 18, 2000 "My husband and I will be buying a house at the end of this year. We believe we should be able to pay off the home in 7 years by more than doubling our payment. We have been told that we are insane if we do this because we won?t get the full ... more...

Can a Mortgage Lender Profit From Foreclosure?
December 7, 1998, Revised January 30, 2004 "I have lost my home! The second mortgage lender foreclosed after buying the first mortgage, which was current under a forbearance agreement. The first mortgage lender informed ... more...

home buying related definitions

Second Home, Vacation Home
Second Home Second home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Second Home As Investment However, when market is ... more...

Vacation Home
Vacation Home Vacation home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Vacation Home As Investment When market is ... more...

More about home buying

Get Free home buying Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Homes in Chapel Hill
Chapel Hill is located right in the middle of North Carolina, halfway between the Blue Ridge Mountains and the Atlantic Ocean. In 2000, the nearly 20 square mile city had a population of 48,715 people and it has substantially increased over the last five years.The city enjoys a rather mild climate ... more...

Buying a House or a Home?
A house is just that, a house, until someone lives in it. That's when it becomes a Home. There's a big difference. At our house, we always say our home is "well lived in." And, with a family of six, four of them being between the ages of 9 and 15, this house has no choice! Our house, being in ... more...

Important Facts For Home Buyers
If you are considering buying a home or have spent many years saving in preparation of buying a home, the questions and process involved in buying a home can be extremely stressful. As exciting as it is to begin looking for your new home, there are many unexpected costs and details to be considered ... more...

Making it affordable: Nine tips for first time home buyers
It seems that everyone loves a good real estate story. The media is filled with reports about soaring property values and home owners of modest means becoming instant millionaires when they sell. As a result, many first time home buyers, afraid of missing out, will rush into buying decisions and ... more...

Sticking With Some Home-buying Rules Makes Sense
Buying a home is a part of most people's lives. It fits right into our finances with saving for retirement and health insurance. It is simply a part of our finances.You can turn to a lot of places for advice when buying a home. You can talk to a realtor, a mortgage lender or even your family. But ... more...

Buying Country Acreage and Rural Properties, To Buy or Not To Buy
Almost anyone can become a rural property owner; if you are willing to set goals, establish what your purposes are, plan ahead and set targets that are all aligned toward the same result. And, if you can be patient instead of requiring instant gratification.There is no more $50-an-acre land; unless ... more...

Real Estate Auction Action - Buying A Home At Auction
Due in part to the popularity of the U. S. Department of Housing and Urban Development (HUD)'s home auction program, more potential homebuyers than ever are buying homes at auction. Homes for auction aren't limited to just HUD, however. Many government entities auction homes for payment of back ... more...

Buying a Vacation & Retirement Home
Buying a vacation home that doubles as a future retirement home requires forethought and thorough investigation. Conventional wisdom tells us to first settle on a desired location and then look for the least expensive house in the best possible neighborhood. This is of course true, but buying a ... more...

Buying Your First Home
Buying your first home can be exciting but there is a lot to know. Buying a home will depend on real estate laws and customs where you are located but there are basic steps that every first homebuyer needs to accomplish.Step 1- Your FinancesEstablishing credit is very important especially when you ... more...

Buying A Home In Camden Maine
The process of buying a home is not something to be taken lightly. A home is a large investment, and its your responsibility to select a home that fits your needs and find a manageable mortgage for itno mean feat. Well help break the process down into the most important pieces.Article:In the ... more...

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