Archive for category Mortgages and Real Estate
What to do with a Problem Loan
Posted by Editor in Mortgages and Real Estate on January 18, 2010
The reports paint a dark picture. According to the Mortgage Bankers Association more than 2.1 million Americans missed at least one payment on their home loan at the end of last year, taking the rate of new foreclosures to a record high.
It’s even worse for borrowers with scuffed credit and adjustable-rate mortgages. More than 14 [...]
How to Sell Your House in a Tough Market
Posted by Editor in Mortgages and Real Estate on January 18, 2010
They aren’t hard to miss – the “for sale” signs with a much smaller “price reduced” hanging below. All around, the message is the same. The market is flushed with inventory, and it’s going to take some work to sell your house and at a fair price.
The advice most experts have in what is essentially [...]
Should You Rent or Own? Time to question your assumptions
Posted by Editor in Mortgages and Real Estate on January 18, 2010
For nearly two months, Alex went back and forth. Should he just rent another two bed-room apartment or should he buy? Whenever he added up the numbers, buying would be “pushing it.” After paying a mortgage and other bills, he would have nothing left over to save, but wasn’t a house an investment in itself. [...]