Real Estate Articles Worth Reading

Do you know the primary differences between a fixed and adjustable rate mortgage? When interest rates are on the rise an adjustable rate becomes far more popular.

While interest rates tend to be lower with an adjustable mortgage, they can move up quickly when the adjustment period comes up.

See everything you need to know including the pros and cons about these mortgages at Active Rain.

When buying a home one of the more vital considerations is getting your financial house in order. This includes making sure you pay all your bills on time and now taking out large loans.

One of the largest driving forces in giving a borrower their interest rate and mortgage terms is the credit score they have. Given how much weight is placed on credit scores it makes sense to work on them prior to purchasing a home.

In the article at Realty Times, see a rundown of what lenders think is a good credit score. You will see what is considered a good credit score and a bad one as well. You will also see some excellent tips on how you can improve your score before purchasing a house.

Putting in the effort to increase your score will be well worth your time.

Are you contemplating buying a piece of land to build your dream home? If so, you are not alone. Lots of folks would love to be able to find a lot and build their home from scratch.

When doing a construction project while owning your own land it is quite common to take out what is known as a construction loan. In the article at Maximum Real Estate Exposure, you will get an in-depth understanding of everything you need to know about this type of financing.

Having a strong grasp of construction loans is vital so you do not make mistakes that can cost you time and money. Take a look and if you find the information useful, please share it with someone that may need it.

When you are going to be buying a home for the first time, one of the essential considerations is your credit score. Those who have the best credit scores generally get the best interest rates and mortgage terms from lenders.

Given the importance of your credit score, it is vital to do what you can to improve it. First-time buyers would also be wise to make sure their credit report is accurate as a mistake can have a devastating impact on your score?

Did you know that you can get a free credit report one time a year?

Well, you can! In the article at Maximum Real Estate Exposure, see what you need to know about getting a hold of your free credit report.

Once you have it in hand do your best to check for errors and take action if you discover there are any.

When home buyers set out to purchase their first property they typically will meet with a mortgage broker and get pre-approved for a loan.

Excellent mortgage brokers will explain all the costs and fees associated with obtaining a mortgage. One of the things borrowers will quickly here about is what's known as private mortgage insurance or PMI.

Private mortgage insurance is a fee lenders charge when a borrower does not put down at least a 20 percent down payment. The fee or insurance as it's known protects the lender in the event of a default.

From a buyers standpoint, this is an unnecessary fee that drives up the cost of owning a home. For this reason, buyers will often ask how to avoid paying PMI. Is it possible to avoid paying private mortgage insurance when you don't have a 20 percent down payment? It is sure is possible!

In the article, you will see some of the ways home buyers can avoid having to pay private mortgage insurance. Keep in mind it may not make sense to not pay PMI.

Each individual borrower should go over their finances in detail with their mortgage broker. A complete analysis should be done to see how paying and not paying private mortgage insurance affects the total cost of the loan.

You may find that paying the PMI makes more sense. Also keep in mind that you can get rid of your private mortgage insurance once you have 80 percent equity in your home.

Lenders are also required to automatically remove PMI once an owner has 78 percent equity.

Take a look and if you find this article helpful, please consider scooping it or sharing to your social networks.

One of the things that both seniors and their relatives often ask is whether or not selling a home with a reverse mortgage is different than selling one without this type of loan.

Do you need to do anything special when you are selling a home with a reverse mortgage? Given there are many seniors and their families who are often wondering about this subject I decided to write an article on how to sell a home with a reverse mortgage. While there are some special things you need to be concerned with when selling a home with this type of mortgage product there are also some tried and true selling tips you should follow.

Anyone who has sold a home in their life should understand that the agent who is selected to represent them is very important. It can easily make the difference on whether you are successful or not.

Other than selecting the right real estate agent there is nothing more important than pricing the home properly. In fact it is probably the #1 thing by far when selling a home.

These two criteria are discussed at length in the article. Beyond some of the prudent home selling advice for any property, there is also specific advice as it pertains to those with a reverse mortgage.

One of the unique circumstances that is mentioned is when a home owner is under water and does not have any equity in the home. This is something that is possible especially with a reverse mortgage.

Take a look and if you find the article helpful please consider scooping it or sharing within your social networks. This will be very helpful for seniors and/or their families.

You will also see a link to an article that gives an in-depth discussion on all the pros and cons of having a reverse mortgage in the first place.

Buying a home today is a lot different than years ago. Buyers are expected to sign a ton of mortgage documents that they were not required to in years past. Every year it seems like there is something added to the stack of papers buyers sign.

One of the complaints over the years from buyers purchasing homes and getting a mortgage was the disclosed costs. Many felt the amount of fees and costs they were required to spend was not spelled out well enough.

This led to mortgage reform which is now known as TRID. TRID was put in place to protect buyers from paying undisclosed fees associated with purchasing a home.

As part of TRID buyers are expected to sign 4 mortgage documents. These four mortgage documents are known as the loan estimate, closing disclosure, promissory note and security instruement.

In the article you will learn about each of the TRID mortage documents buyers must sign. Each of these documents are explained in detail. With TRID in place buyers have a much better handle on the fees they will be paying.

The one downside to TRID, however, has been the increased time it takes to close a loan. Nobody wants delays when it comes to something as important as a closing. When buying a home this is a major date you plan your life around.

Buyers however have learned the hard way how unkind TRID can be to there plans of closing on time. Take a look and see all there is to know about TRID as well as the documents buyers will be required to sign when taking out a mortgage.

If you find the article helpful please consider sharing it socially or giving it a scoop.

Are you planning on getting into the real estate market for the first time? Buying your own home can be an exciting venture. Along with homeownership though comes financial responsibility.

One of your first tasks in the home buying process will be getting financing. You should plan on getting pre-approved for a mortgage before you even set foot in a home. Proving you are qualified to all home sellers will be an essential step.

One of the financing options that will be worth checking out is an FHA loan. An FHA mortgage offers quite a few advantages. In the article at Active Rain, see all the benefits of having an FHA loan, including the ability to have a low down payment. With an FHA mortgage, you will only be required to put 3.5% down. There are other perks as well including having relaxed credit scores.

Without FHA mortgages there would be far fewer homeowners. When speaking to a mortgage broker ask them if an FHA loan may be right for your current circumstances.

Are you excited about the prospects of becoming a first time homeowner? Have you been wanting to own a home but felt you were locked out of the real estate market?

If so, you are not alone. One of the most significant stumbling blocks to become a first time home buyer is coming up with a down payment. For some it is truly too difficult to save what they need for they need. For others there is a lack of education about down payment requirements.

Many buyers have no idea that there are still low and no down payment mortgage options. A significant portion of the population still thinks a twenty percent down payment is required.

In the article at Vocal Media, the curtain is put aside on the down payment requirements. You will learn where you can get financing that requires little or no money down.

If you have been wanting to purchase a home get yourself educated on the process, as well as what it takes to prepare financially to be the next homeowner.

Buying a home for the first time can be exciting and nerve racking all at the same time. There is a huge learning curve when buying a home which makes it very easy to make mistakes.

In fact, without having a mortgage professional and a solid real estate agent in your corner the likelihood of making a financial mistake is high.

Of course nobody want to make a financial mistake! This is why you will see some great advice published online. The latest article at Maximum Real Estate Exposure is no exception.

Take a look as Luke Skar has share twelve mortgage tips for first time home buyers. You will see timely guidance on what you should and shouldn't do when buying a home for the first time.

Many of the tips focus in on the financial aspect of buying a home. When you follow these first time buyer tips you will be in a much better position to have a smooth purchase.

You will find many mortgage tips for first time buyers that you might never have considered. Luke has been in the mortgage business for quite a while so he knows a thing or two about providing solid guidance.

If you enjoy these first time home buyer tips, please consider sharing to your social media accounts or on Scoop.it.

Did you know your credit score plays a large role in the interest rate you will receive from a mortgage lender? Did you also know that credit scores often are wrong due to errors in your report?

Yes it is amazing when you start doing some research and see just how much a mistake in your credit report can hurt your score. This little fact will then come back to bite you in the form of higher rates on your mortgage when buying a home!

This makes it vital to check your credit report before you ever consider looking at homes. Chances are you could be another statistic of people who do not have the right information on their report.

In the article you will see all of the considerations on what you should be doing when it comes to your credit score. There is also helpful information on what it will take to get any credit report errors fixed.

Your credit score is not something you should take lightly. By taking the time to get errors fixed you increase the odds of getting better interest rates on your loan which in the long run can put a lot of money back in your pocket.

Take a look and if you enjoy the article please consider either Scooping it or sharing on your social networks.

Probably one of the most confusing loan products to may people is what is known as a reverse mortgage. Reverse mortgages allow those seniors who are 62 years of age or older to tap the equity in their home in the form of a monthly payment.

Instead of paying a mortgage to live in your home the lender pays you from your equity to stay in the property, hence the term reverse mortgage.

There are however many pros and cons of a reverse mortgage that anyone considering this type of loan product should understand! In the article you will see a detailed description of both the advantages and disadvantages of using a reverse mortgage.

There is also a very helpful video that gives you some samples of how reverse mortgages work. If you have ever considered getting a reverse mortgage this is an article you will not want to miss.

Seniors who embark on getting a reverse mortgage should also understand there are a number of scams floating around. When getting a reverse mortgage it is imperative to work with a reputable mortgage company and not someone you saw advertising on late night television.

Besides the helpful guide to reverse mortgage products you will also see some other interesting financial resource articles from Kyle Hiscock, Luke Skar and Paul Sian.

If you find the article helpful, please consider either giving it a scoop or share on one of the other social networks. The more people that truly understand how reverse mortgages work the better!

In the real estate and mortgage sectors there are always myths that continue to circulate. When people are not educated properly by a professional these myths end up becoming reality.

In their latest article Inlanta Mortgage points out some of the luxury home buying myths. Many of these so called myths are tied into the mortgage market and specifically jumbo mortgage loans.

Many people has impressions about these loans that are not accurate. One of the most common myths is that jumbo loans are only for the rich and therefore are hard to get. This is completely false!

There is also a prevailing belief that the interest rate tied to these loans is exorbinant. This is also not the case. These are just two of the many myths that surround the jumbo mortgage loan product.

Take a look as Luke Skar shares a number of other myths about these loans. There are also some excellent resources from other top real estate bloggers from around the country worth checking out as well.

If you find the article to be helpful please consider giving it a scoop or sharing it socially in your other channels.