Image via Wikipedia The past decade saw a record number of home foreclosures. With unemployment and a higher cost of living combined with adjustable rate mortgages, many families had a difficult time keeping up with their house payments. As a result, some families lost their homes. Sadly, this occurrence is so common, that some neighborhoods in some towns have several foreclosed homes just on one street. Banks continue to look for ways to sell these foreclosed properties. As a result, they might drop prices and offer lower fixed interest loans to qualified buyers. Some home … [Read more...]
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Is Purchasing a Foreclosed Home a Good Investment?
Filed Under: For Sale, Real Estate Tagged With: Bank of America, Foreclosure, Loan
Hope for First Time Home Buyers with No Credit History
With problems in the housing market, those wanting to own their first home may worry about securing a home loan. This is especially true if they have no credit rating due to paying for everything in cash, from rent and utility bills, to grocery shopping and home decor. Sometimes having no credit can be as bad as having a bad credit rating, but there are steps you can take as soon as you decide you want to own your own home, and are tired of renting. Since many people pay their bills online, and have the money taken out of their bank accounts right away, there is a record of those … [Read more...]
Filed Under: Business, Home Loans, Real Estate Tagged With: Credit card, Credit history, Credit rating, Loan