New House or Old House? Which is a Better Purchase?

New House or Old House? Which is a Better Purchase?

Hey first-time home buyers! If you're looking for a house right now, chances are you're considering a variety of factors you want in a home. For example, how important is closet space to you? Do you want a spacious house with an open feel or a more traditional home that has character - but smaller rooms? And how important is a finished basement for you and your family?

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Buying a Home: Should I Save 20% First?

Buying a Home: Should I Save 20% First?

With so many loan options out there, it's easy for a first time buyer to be overwhelmed. Traditionally, the often-repeated phrase is to save 20% before buying your first home. But with loans such as the FHA loan offering as low as 3.5% down, is 20% still necessary? Even conventional loans like the 30-year fixed only ask for a minimum of 5%. So what's the benefit of saving the entire 20%?

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Predicting Home Prices: Buy Now or Wait?

Predicting Home Prices: Buy Now or Wait?

The New York Times recently published an article on the difficult decisions facing home buyers in this housing market. It's true, mortgage rates are incredibly low right now, and housing prices have hit rock bottom in many areas, but how do you know if now is the time to buy? After all, while most experts would agree housing prices are very close to rock bottom (if not already there in some areas), could waiting a little longer get you a better deal on a house?

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A Bonus Investment: Wall Street Bankers & Real Estate

A Bonus Investment: Wall Street Bankers & Real Estate

Not long ago, we also reported that couples are now putting off their wedding to buy a home first. For many people, the choice is either to buy a home now, or wait and save a long time for a home. In populated cities like New York or Los Angeles, real estate has always been scarce and expensive. Home buyers are relying on this opportunity to finally own a home in the city they work in.

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Buying Investment Properties?  Look in these Cities

Buying Investment Properties? Look in these Cities

CNN Money recently published an article on America's most overvalued cities, which included a list of both over and under valued cities. While this may not mean much initially for those of us who don't live in them, it may actually still apply to you. If you already own your dream home, and don't plan on moving anytime soon, now may be a good time to start thinking about an investment property or vacation home.

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Get 3.5% Back from Fannie Mae HomePath Properties

Get 3.5% Back from Fannie Mae HomePath Properties

Fannie Mae is now offering qualified buyers 3.5% off the final sales price to be used toward closing costs or their choice of appliances. The announcement came today in the form of a press release. This incentive applies to any HomePath purchase that closes before May 1, 2010. Not sure if the home you want is a HomePath property? Just check on HomePath.com, and if it's on the list - you would qualify for this offer.

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