Interest rate carnival game: What the experts are guessing
No one really knows where mortgage rates go from here, but all the experts are making their best guesses — and they are guessing lower rates. Whether you…
Category: Real Estate
Ask the Expert: Mortgage points
I don’t understand mortgage points. Do I have to pay them? There are two types of points: Discount points and origination points, or fees. Discount points…
Would you take a ghostly deal?
In your search for a house, what if this Halloween you came across one thought to be haunted? Would you buy? Would you buy for a discount? According to a…
Ask the Expert: Bridge Loans
How is it possible for me to sell my home and buy another if the deals close at different times? This is not an unusual problem. Here is a typical…
A ‘new’ trend in the housing market?
Many regions of the housing market are experiencing a trend not seen since at least 2013. With more houses for sale and with prices inching down, we are…
Ask the Expert: Will mortgage rates drop soon?
Maybe. The Federal Reserve, whose decisions impact rates, will meet in October and a rate cut is at least possible and that could lead to somewhat lower…
Start now if you want to be home for the holidays
If you want to be snuggled into your new home for the holidays, it’s time to make your list and check it twice. To clarify your thinking, try a two column…
Ask the Expert: Low appraisals
The appraisal on the home we want came back much lower than our offer. Now we can’t get a mortgage. Is there anything we can do? A low appraisal is…
Your bidding tool in a competitive market
In a competitive real estate market, buyers have one tool that can make their offer stand out: The escalation clause. An escalation clause automates…
Ask the Expert: What mortgage is right for me?
I expect to be transferred in five years. What kind of mortgage is right for me? You could try an Adjustable Rate Mortgage and, in fact, they can be very…