Although they've actually been around for decades, rent-to-own contracts that substitute for mortgages and conventional home loans are enjoying a surge in popularity in several regions of the country. But without proper planning, these arrangements can cause troubles for both buyer and seller.
Deals draw homebuyers into the housing market during holiday week
by Clayton Closson on July 11, 2007 in Home Buying
Weekly mortgage applications increased 1.1% for week ending, July 6, 2007.
Seller Concessions Can Help You Sell Your Home
by Clayton Closson on July 6, 2007 in Home Buying
Seller concessions, also referred to as seller contributions, are a great way to make a home more affordable and appealing to a buyer. The concept of seller concessions is actual pretty simple. The seller basically agrees to cover some, or all, of the costs associated with buying a home.
Purchase Applications Increase
by Clayton Closson on July 5, 2007 in Market Update
Elevated inventory in summer months continues to contribute to rise in home purchases.
Credit Boosting Websites May Be Running Out of Time
by Clayton Closson on June 29, 2007 in Market Update
Credit boosting, or using services to artificially inflate credit scores, will become more difficult later this year when rules to calculate FICO scores are updated to discourage credit boosting.
Fed Keeps Funds Rate at 5.25%
by Clayton Closson on June 28, 2007 in Market Update
Fed leaves rates unchanged after today's meeting.
New Home Sales Dip in Latest Report
by Clayton Closson on June 26, 2007 in Home Sales
Sales of new homes are down 1.6% in May.
Existing Home Sales Remain Flat
by Clayton Closson on June 25, 2007 in Home Buying
Existing home sales decrease .3% in May.
The Skinny on Mortgage Closing Costs and Fees
by Clayton Closson on June 22, 2007 in Home Buying, Refinance Mortgage
Challenge the closing costs your mortgage company quotes – know what fees you pay and why. Mortgage News from Quicken Loans brings you breaking home financing and home buying news, updates mortgage rates, and gives helpful homeowner tips. Subscribe to Mortgage News today!
Mortgage activity tapers but interest rates still supportive of housing
by Clayton Closson on June 20, 2007 in Market Update
Despite the low rates, mortgage activity decreased last week.
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