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2018
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Are you considering buying a flipped house? Here are some ways to tell if it is a good idea or not.If you watch popular TV shows like Property Brothers, Flip or Flop and Fixer Upper, you might believe that buying a remodeled home is a great idea. These shows always have happy endings. The process...
06/27/2018
Last week's economic reports included readings from the National Association of Home Builders, Commerce Department reports on housing starts and building permits issued. Sales of pre-owned homes were reported along with weekly readings on mortgage rates and new jobless claims.Builder Confidence S...
06/25/2018
In 2017, upwards of 75 percent of independent rental property owners in the U.S. reportedly worked another job on top of being a landlord. That means the overwhelming majority of landlords are attempting to juggle more than they can handle at times.There are organizational and strategic concepts ...
06/19/2018
Last week's economic reports included the post-meeting statement by the Fed's Federal Open Market Committee along with readings on retail sales and inflation. Weekly reports on mortgage rates and new jobless claims were also released.Fed Raises Key Interest Rate on Strong Economic IndicatorsThe p...
06/18/2018
Last week’s economic reports included analyst assertions that U.S. housing markets are overvalued in over 50 percent of markets. Weekly reports on mortgage rates and first-time jobless claims were also released.CoreLogic: Over Half of Top 50 U.S. Housing Markets OvervaluedRapidly rising home pric...
06/11/2018
Last week's economic reports included readings on Case-Shiller home prices, pending home sales and construction spending. Weekly readings on mortgage rates and new jobless claims were released, along with monthly labor-related reports on job creation and the national unemployment rate.Case-Shille...
06/04/2018
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When you are filling out a mortgage application, the lender will be asking you for specific financial information. One of the reasons they ask for this information is to enable the underwriter to calculate your debt to income ratio.The debt to income ratio is what most mortgage lenders use to det...
06/01/2018
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Borrowers who cannot qualify for a conventional mortgage are often able to obtain an FHA loan. However, to secure this type of loan, you must still meet certain requirements.What Is an FHA Loan?FHA loans are mortgage loans that are backed by the Federal Housing Administration. It is designed to h...
06/01/2018
Rainmaker
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Bob Elliot
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