Buying a Home from a Family Member: Non-Arm’s Length Transactions

Buying a home is a tricky, complicated, expensive, draining and stressful process. Okay, not always, but it definitely can be. One seemingly easy way out would be to buy a home from a family member or friend. You’d get a lower price, a quicker process, potential for owner financing, and wouldn’t it be much easier to deal with someone you already have a great relationship with? Buying a home in a non-arm's length transaction might be a great idea, but there are a number of things you need to know before you can pop the cork.

Fixed-Rate Mortgage Rates Are on the Rise!

According to the Primary Mortgage Market Survey report released this week, rates are starting to rise. By no means have you missed your opportunity to take advantage of low rates - they're still pretty darn near to record lows - but the trend might be on the upswing, and I would be woefully remiss if I didn't try to encourage you to get in while the gettin is good.

Mortgage Rates Start the New Year Near Record Lows

Happy 2013! The new year is all about ritual and resolutions. Everyone plans to eat better, work out more, and get more organized or spend more time with friends and family. We're all guilty of at least one of these, aren't we? I wonder, did you, my mortgage-rate seeking friends, resolve anything fun this year? This year, I resolved to avoid a cliche resolution and promised to laugh more and worry less, and bring you the PMMS report every Thursday!
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