Home renovation specialists doing fix-and-flips are having trouble finding investment properties they can flip successfully. Many are turning to tear downs where they buy old homes, demo them and build new houses on the newly vacant property.
Regulatory relief bill may open doors at small banks
June 6, 2018 | Updated: June 8, 2018
The Regulatory relief bill signed by President Trump may not ease loan qualifying standards for borrowers, but it may open the door for community banks and credit unions to originate more home mortgage loans.
Housing experts believe mortgage rates will top 5 percent by year’s end. Still considered low by historic averages, interest rates are rising and are not expected to come back down. Find out the effect that rising rates will have on homebuyers.
Read the latest news on jumbo loans, which are becoming increasingly necessary for home purchases in high-priced U.S. cities. Luckily, for consumers, down payments on these extra-large home mortgages are decreasing.
HELOCs set to make resurgence
May 14, 2018
A home equity line of credit (HELOCs) could be a borrower’s best options for tapping into the equity built up in their home. With interest rates rising, second mortgages and cash-out refinances are becoming less desirable.
Housing squeeze is creating commuters
May 4, 2018
A lack of affordable housing near city centers is sending homebuyers farther into the suburbs to make home purchases in their price range. A similar suburban migration preceded the end of the last housing bubble.
The home-flipping market is on a roller coaster ride
March 23, 2018
A strong home sellers’ market means fix-and-flippers can quickly sell homes to turn a quick profit. Tight property inventories present buying challenges, however.
Don't refinance your VA loan too soon
February 1, 2018
Veterans Affairs and Congress plan to crack down on rapid-fire refinances known as loan churning and the predatory lenders who target veterans with refinance offers that get them deeper into debt.
U.S. citizens can find student loan options to study abroad
January 19, 2018
Financing is available for students seeking to study overseas, but the process typically takes longer and involve more hurdles, so start planning early.
Full disclosure: What are home sellers required to tell buyers?
January 16, 2018
Most states require home sellers to reveal major problems with a property to the buyer that could affect its value or the buyer's decision to purchase the property.