The net worth of home owners’ is significantly higher than renters. A typical home owner’s net worth is $195,400 compared to a renter’s $5,400, according to the Federal Reserve’s last data from 2013. The Fed’s next survey of household finances, which is conducted every three years, is due out in […]
The residential real estate market has “clearly shifted in favor of buyers,” says Jonathan Smoke, realtor.com®’s chief economist, in his latest analysis of housing data from the first three weeks of September. “Would-be buyers have struggled to find a home all year, but now inventory is nearly as high as […]
On the first of August, real estate industry professionals and consumers should be prepared that last-minute changes occurring three days before closing will become much more challenging to make. The Consumer Financial Protection Bureau is combining mortgage forms and disclosure documents that will be required to be given to clients […]
Home staging can influence buyers’ perceptions of a home and even motivate them to pay more, according to the National Association of Realtors®’ 2015 Profile of Home Staging, a survey of more than 2,300 Realtors® representing buyers and sellers. Eighty-one percent who represent buyers say that staged homes make it easier […]
http://simplyhomelending.com/episode-4-financing-your-fixer-upper/ Whether someone is looking to purchase a home that needs renovations or is looking to renovate a home they currently own, there are two financing options available. Deciding which type of financing is best for a certain situation will depend on several factors. Understanding the different options will help […]
Podcast of the different types of government loan programs available here.