By mnguru4 on March 1, 2008
Many people are kept out of the housing market due to lack of sufficient down payment and/or funds available for closing costs. Yet these potential homeowners can afford to make a rental payment that would be equivalent to a mortgage payment. In fact, the lack of resources keeps veterans renting instead of becoming owners as [...]
Posted in Develop Your Skill
By mnguru4 on February 28, 2008
Are you looking to buy a home? You are actually at a great advantage now, despite all the horror stories on the news every night. The astounding number of foreclosures across the country has forced the government to find ways to stimulate the economy. One of the major benefits for buyers in the market today [...]
Posted in Develop Your Skill
By mnguru4 on February 28, 2008
Are you currently thinking about buying your first house? Real estate is a fantastic investment. Don’t let the media hype fool you: low interest rates combined with reduced home prices make this an excellent economic environment for first-time home buyers. Here are a few tips to help you along the way. The first and most [...]
Posted in Develop Your Skill
By mnguru4 on February 28, 2008
“The housing market is falling apart! This is a horrible time to buy a home, or sell a home or even LIVE in a home!” Have you been hearing a lot of news that sounds like this lately? Well, economists love, and I mean LOVE, to spread the gloom and doom. When the economy’s going [...]
Posted in Develop Your Skill
By mnguru4 on February 10, 2008
A lot of the press today is states that interest only loans are “bad” and that they should be avoided. Instead, let’s examine why you might want to get an interest only loan. Once you understand how the typical product works, you can make your own educated decision. Think of your mortgage as a financial [...]
Posted in Develop Your Skill
By mnguru4 on February 5, 2008
What’s positive about being foreclosed upon or selling your home for less than you owe? Well, for most people, not much. Yes, you are relieved of an onerous mortgage loan and you are now free to find housing that is more affordable within your budget. But not everyone fully understands the lingering effects of a [...]
Posted in Develop Your Skill
By mnguru4 on February 5, 2008
For many seniors, home equity is roughly 30-40 percent of their net worth. They are house poor often times and don’t have the available funds to make repairs. If you and your spouse are both at least 62 years of age and have significant equity in your home, a reverse mortgage can turn that equity [...]
Posted in Develop Your Skill
