How to Save Housing
CNBC’s Diana Olick is reporting on a different spin than the traditional housing flip strategy that might stabilize and save housing, but it will require government to support property investors. Property investor, Aaron Edelheit discusses his strategy of buying single family homes to hold for the long term to rent out to people. If you enjoyed this post, why not connect with me elsewhere? If you’re looking for a mortgage in the Atlanta area, you can visit my primary Peachtree City and Newnan mortgage lender website at www.wdarrellwalters.com. If you’re interested...
Read MoreTap Into Google Local
Your Personal Chamber Of Commerce The Internet has revolutionized the way we live in countless ways. We are able to access news as it’s happening, email friends and relatives all over the world, and purchase anything from cars to vacation packages with a few clicks of the mouse. What’s ironic is that we frequently neglect to use this amazing resource when it comes to finding things in our local area. That’s where Google™, the world’s leading search engine, comes in. Google has produced a search tool, called Google Local, which you can use to locate anything from an...
Read MoreNeed a Smaller Down Payment?
While down payment requirements have increased for some programs, it is still possible to buy a home with less than 5% down…or even NO money down. For example, FHA offers a loan program that requires as little as 3.5% down. In addition, the VA and USDA offer loans that require no down payment. Of course, there are restrictions with each of these programs that can include maximum loan amounts based on your location with FHA loans, income and property requirements for those offered by the USDA, and your qualifying status as an eligible Veteran. In addition to those programs, keep in mind that...
Read MoreTiming the Real Estate Market?
Is now the best time to buy a home? With today’s low home prices, many people may be asking that question. Obviously there are a number of incentives, such as low rates, that make now a good time to buy. But some consumers may still be wondering if they should wait or if now is the best time to take the plunge. One way to determine whether the time may be right for you to buy a home is to start looking at the rents in your community. When a full mortgage payment (including principal, interest, taxes and insurance) begins to equal or fall lower than rental rates, the market is typically...
Read MoreFirst-Time Home Buyers FAQs
Buying a home is one the biggest financial decisions most people will make in their entire lives, so it’s only natural to have questions about the process, especially for first-time home buyers. That’s why we put together our own First Time Home Buyer’s kit. The free kit includes our Home Buyer’s Handbook, a 16 page booklet and glossary designed to provide answers to the more basic questions about buying a home. What are the benefits of owning versus renting a home? When you add up the tax benefits of owning a home versus renting a home, it costs no more to be a...
Read MoreThe Fed Ends Its MBS Purchases: Here’s What It Means to You
You’ve probably heard that the Federal Reserve ended its Mortgage Backed Security buying program. The fact is, the Fed did what they set out to do – purchasing $1.25 Trillion in Mortgage Backed Securities and succeeding in their plan to lower home loan rates and help stabilize the housing sector. But what does the end of that program mean to the markets…and to you? First, without the Fed’s support, the markets – and home loan rates – will be much more volatile. This volatility has already begun and probably won’t end any time soon. So it’s important that...
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