The home-buying process can be intimidating for first-time buyers, especially after the housing market’s rollercoaster ride over the last decade. Take a look at the advice we have here to help make your first time buying a home a simple process.
Freddie Mac and Fannie Mae have relaxed their short sale requirements to offer more protection for service members and their families. Under the terms of the new guidelines, military homeowners who have orders to move do not have to be delinquent on their mortgage in order to qualify for a short sale.
The holiday season is upon us and I have a lot to be thankful for: family, friends, football and a delicious Thanksgiving dinner. The list could go on and on.There’s also something else we can all be thankful for: low mortgage rates!
If you’re like me, you often sit around and contemplate, “What exactly should I do with my money?” If you’re really like me, your answer is usually to hit up the Taco Bell drive through. But for those times when you have more than a burrito’s worth of money to figure out, you probably want to invest it. There are many options available, but real estate may be a good option for you. “Why?” you ask. Well, as Mark Twain famously put it, “Buy land, they aren’t making any more.”
Does a co-op interest you? If so, Quicken Loans has some very exciting news. For the first time, Quicken Loans is offering home loans to co-op homeowners in New York!
Not only did mortgage rates not snowball out of control, they actually declined, according to the weekly Primary Mortgage Market Survey. This marks the first week rates have decreased since Oct. 31.
Are you shopping for a home but not sure if you’re ready to make an offer on a property that’s caught your eye? Some home sellers may be willing to let you spend a night or two at the property so you can feel confident with making an offer. Read on to find out more.
According to the NAR Community Preference Survey of 2013, most Americans prefer houses with easy walks to schools, stores and restaurants over houses with large yards, but where you have to drive to go to schools, stores and restaurants (55% to 40%). An even larger majority prefers houses with smaller yards but a shorter commute to work over houses with larger yards but a longer commute to work (57% to 36%).
At Quicken Loans, we like to throw the old rulebook out the window from time to time – and we find that by doing things differently, we can make the experience of buying a home even better for our clients. So we say, go ahead – take a different route to the finish line! And with our brand new approach to home buying called Mortgage First, you can do just that.
Hey first-time home buyers! Have a question about getting a home? Or a mortgage? Or anything to do with the home buying process? Never fear, first-timers. The First-Time Home Buyer Q&A Google Hangout is here.