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.
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.
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!
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.
Adjustable rate mortgages (ARMs) often get blamed for the U.S. housing bubble burst in 2008. But as Quicken Loans Chief Economist Bob Walters recently pointed out, ARMs weren’t the culprit. ARMs can benefit many people looking to buy or refinance a home! In case you’re unclear why an ARM may be the best mortgage solution for you, here are a few details about ARMS.
For some of us, the end of 2013 just signals the beginning of 2014. However, the end of this year is different. FHA loan amounts are set to expire, meaning beginning in 2014, loan limits will readjust to Fannie Mae and Freddie Mac conforming limits. Read ahead to find out what this could mean for you.