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?
Initial jobless claims fell to 338,000 in the week ending December 21, from a revised 380,000 in the previous week. The Labor Department is stating that difficulty in adjusting data during the holiday season is the likely reason for volatility in claims for the last two months of the year.
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.
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!