Renting a house used to be a popular choice over buying because it was cheap. That doesn’t seem to be the case anymore. In fact, one out of three Americans now live in a housing market where rent for a three-bedroom home is more than 30% of their monthly median income, according to RealityTrac.
We created our latest guide, Understanding and Managing Credit 101, as part of our Zing Education Series. We want to provide you with the information and tools you’ll need to keep great credit and qualify for the best possible mortgage rates. Here at Quicken Loans, we call that a win-win.
Buying a new home is an exciting time. However, moving can be difficult and stressful. To help you with your move, our friends at MovingHelp.com have compiled a list of seven tips that will help make the process as easy and stress free as possible. From asking for help to avoiding procrastination, this list should put you on the right track!
An FHA mortgage is insured by the Federal Housing Administration and has less strict qualification guidelines for the homeowner. This and much more are discussed in our First-Time Home Buyer
Purchasing a home is one of the biggest financial decisions someone can make in their life, obviously. It’s a gigantic change – physically, emotionally and financially. That’s why Quicken Loans held another Google Hangout to answer questions for curious home buyers. This time we focused on first-time home buyers and the questions they may have surrounding anything and everything regarding the topic of buying a home. Today’s question: Is there a conflict of interest if a real estate agent recommends a mortgage lender?
Really great article in the New York Times last Friday about what Americans can expect in the upcoming year. Well, what they can expect when it comes to mortgages and home buying to be precise. Overall, the news is pretty good for home buyers, who can expect to get more home for their buck and lenders making getting a mortgage just a little easier as restrictions loosen.
2013 has seen some major economic events, and balance probably isn’t the first word most people would think of to describe them. However, there’s some balance coming in 2014…to the housing market, at least. A recent article on CNNMoney discusses how the housing market is shifting and will provide more opportunities for both buyers and sellers, as long as you’re a savvy player in the game.
Do you use the terms “realtor” and “real estate agent” interchangeably? A lot of people do, but there’s actually a distinct difference between the two. During our VA Loan Q&A Google Hangout, Margo Willis and Nick Mannis of the National Association of Realtors® let us in on the professional differences between realtors and agents.
As builders and remodeling contractors look ahead to 2014, what materials are they likely to choose? Of the new building products cited by architects, builders, designers, and marketers as the ones to watch in 2014, many are technically not “new.” They are materials and products that have been on the market but are just catching on or are long-time favorites with enough staying power to remain top choices for 2014. What most of them have in common, however, are two things: energy-efficiency and sustainability.
Would you buy a house during the winter? Are you prepared to slog through feet of snow and slide around on sheets of ice looking for a new place to hang your hat? Are you willing to move your family’s belongings into a new place when temperatures are freezing outside? Doesn’t sound too fun, does it? What if buying a house in cold, hard weather translated into saving some cold, hard cash? According to a Realtor.com survey of over 1,300 prospective winter home buyers, there are plenty of reasons why it makes sense.