Are you leaving money at the table?

In a recent study conducted by the financial giant Fannie Mae, Americans have been shown to be making poor choices about their mortgages. Many don’t understand their available options on the market while others simply don’t conduct enough research. Regardless of the reasons, these borrowers are paying more for their loan than they need to, and the data shows this can lead to problems later during the course of the loan.

Given today’s unpredictable home mortgage interest rates, homebuyers seeking a mortgage who don’t obtain multiple offers or cautiously compare them are wasting their hard earned money. Purchasing a home is one of the largest decisions an individual or family can make, if the borrower doesn’t

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Do it right and within your means...

There is no doubt a fixer upper can be a great deal; but, it also has the potential to bring many disasters. The secret is to choose the right fixer upper to begin with.

Fixer uppers are typically below market value and they can be a good buy in any type of market. A few of the advantages in purchasing a fixer upper includes:

• Lower sales price
• Potential for resale profit
• Less competition

Fixer uppers can be a profit gain from the moment you close the deal. When you shop for a fixer
upper, you need to look past the repairs, and visualize it fixed up. The perfect fixer upper will be one
that everyone would want once it is fixed up.

What to Look for in a Fixer Upper Home

Location: Location in

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Market Update Week Ending January 4, 2013

Thanks to Kathy Hallmon at Regions for this mortgage market update:

 

 

Market Update Week Ending January 4, 2013 The year began on a rough note for mortgage rates. A one-two combination of a fiscal cliff deal and unfavorable news from the Fed caused mortgage rates to end the week sharply higher. The economic data released this week generally came in close to expectations. Wednesday, mortgage rates reacted to the news that politicians reached a fiscal cliff deal which will avoid most of the spending cuts and tax increases which were set to take place at the start of 2013. While much of the debate was simply postponed, the deal reduces the risk of slower economic growth which would have resulted…