This article explains how to price your house to sell quickly, and it reveals a trade secret that is normally kept under wraps.
Up the street from where I live, there’s a house for sale. The sign out front says that it’s “priced to sell.” Despite a decent amount of buyer activity in our neighborhood, [...]
Selling a Home | 
December 16, 2009 4:06 pm | 
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Fannie Mae (the bloated, greed-driven organization that hasn’t served a viable purpose in decades) is now requiring higher credit scores and lower debt-to-income ratios for borrowers. I’m all for tighter underwriting guidelines within the mortgage industry, and better regulation to boot. But I don’t think it should be coming from Fannie Mae.
But before I fly [...]
Economy | December 5, 2009 7:45 am | Comments (0)
Question: “I want to check my credit score because I’m applying for a mortgage loan soon. What’s the best way to check it without having to pay for other stuff I don’t need?”
This is a common question among home buyers. Here’s why. You see a website that offers you a free credit score, which is [...]
Credit Scores | December 2, 2009 1:54 pm | Comments Off
Article Summary: If you are planning to buy a home in the near future, you should reduce your credit card debt as much as possible. There are two reasons for this, and they are both explained below.
There are thousands of articles online that offer tips for reducing debt. But that’s not what this article is [...]
Debt Management | November 18, 2009 1:56 pm | Comments (0)
Through the Home Buying Institute website, I’ve been receiving a lot of emails about mortgage refinance. Here are some of the most common questions: What is involved in refinancing a home? How does the process work, and what steps are involved? How do I get started?
So in this post, I thought I’d like talk about [...]
Mortgage Refinancing | November 14, 2009 1:42 pm | Comments Off
In this lesson, we will discuss some of the things you can do to rebuild your credit after a bankruptcy filing. In particular, we will talk about the credit-reporting laws that relate to bankruptcy, as well as some tips for improving your score.
The number of personal bankruptcy filings are up this year, and they’ll probably [...]
Credit Scores | November 7, 2009 8:48 am | Comments Off
There are legitimate ways to stop foreclosure on your home. They don’t work for every homeowner in every situation. But it’s certainly worth your time and effort to research them. This article explains some of the ways you can stop mortgage foreclosure before it starts.
The Foreclosure Crisis Drags On
I saw a mortgage statistic earlier this [...]
Foreclosure | October 22, 2009 8:11 am | Comments (1)
On January 1, 2010, some new rules will go into effect that are designed to make Good Faith Estimates more accurate, and to help borrowers in their mortgage shopping efforts. Here’s what you need to know about it.
What is a Good Faith Estimate, Anyway?
When you apply for a mortgage loan, the lender is required to [...]
Mortgage Loans | October 19, 2009 3:47 pm | Comments (0)
Lesson Summary: In this lesson, you’ll learn how to compare refinance rates when mortgage shopping. You’ll also learn what it takes to qualify for the best rates in the current economy.
A lot of homeowners are trying to refinance their mortgages, because they see how low the rates are right now. According to Freddie Mac, [...]
Mortgage Refinancing | October 10, 2009 9:05 am | Comments (0)
Is it possible to refinance with no equity in the current economy? For some people, yes. For others, no. More than anything, it depends on who owns the mortgage. Homeowners in certain situations can refinance their homes with little or no equity, but it’s not available to everyone. I’ll cover those guidelines in just a [...]
Mortgage Refinancing | October 8, 2009 3:41 pm | Comments Off