It’s not uncommon for borrowers to ask: “Why can’t I get the interest rates I see advertised on the Internet?”
One of the most important characteristics of securing a mortgage is your FICO score. Simply put, the lower the credit score, the higher the interest rate.
3 different … [Read More...]
It may seem logical that if you price your home low, it will sell quickly. Some real estate agents believe everyone should price low. The truth is, there are a lot of things to consider when pricing a home. And it helps sellers and buyers to understand clearly the factors that typically … [Read More...]
The “open house” has long been a tradition in real estate. Each weekend across the country, hordes of agents put up their A-frame signs and point buyers in the direction of open houses. Meanwhile, buyers with all kinds of motivations stream in and out of these homes — from those just … [Read More...]
Late last week, the Federal Housing Finance Agency, the regulatory body for both Fannie Mae and Freddie Mac, announced another 10 basis points increase in guarantee fees (g-fee) that will go into effect between Nov. 1 and Dec. 1.
This increase in g-fees — the amount Fannie Mae and Freddie Mac … [Read More...]
Many real estate agents steer their clients away from a short sale because they think they take too long, that their commissions will be lowered, or simply because they don’t know a lot about the process and what it takes to get a short sale completed successfully.
There are multiple steps … [Read More...]