How to Become a Homeowner With Poor Credit
Consumers with poor credit often get discouraged when shopping for a mortgage. Blemishes on your credit report may decrease the amount of loan opportunities; however, there are still lenders willing to...
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How Do Short Sales Benefit Buyers?
Short sales can offer benefits to lenders, sellers and buyers, but these benefits typically come at a price. Short sales are named for their lower prices, not the time it takes for the sale to be...
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The FHA Home Inspection Checklist
When buying a home, stating in the contract that the sale is contingent upon the home passing inspection helps to protect you by providing a way to detect problems early on. If you are applying for a...
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Does Applying for a Mortgage Affect Your Credit Score?
Applying for a credit card will affect a credit score. Applying for a personal loan will affect a credit score. And, most definitely, applying for a mortgage will affect a credit score. Every time an...
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How to Buy Foreclosed Homes in Wisconsin
Lenders can recoup losses on a mortgage in default by the process of foreclosure. In Wisconsin, lenders can go to court and get a foreclosure judgment. The sheriff then advertises the public...
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How to Make an Offer on Bank Owned Property
Offers on bank-owned properties are placed each day by real estate investors, first-time home buyers, and those who are looking for bargains in the real estate market. However, these offers are not...
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Steps to Buying a Home for the First Time
Buying your first home can be the thrill of a lifetime, particularly when you make a wise choice. Use common sense, but also incorporate tried and true techniques for finding and purchasing a home at...
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How to Sell a House on Contract
Purchasing your first home can be very confusing. An alternative to buying it through a standard mortgage from a lender is to consider using a land contract. This method of home finance is usually...
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How to Purchase a Foreclosure With No Money Down
Foreclosures can be great real estate income investments that provide the owner with a steady positive cash flow. Investors who are looking to capitalize on a downward real estate market "flip"...
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Rent-to-Own Lease Agreement
When credit issues and an uncertain lending environment make it difficult for a consumer to obtain a mortgage to purchase a home, renting a home with the intent to buy can be an ideal option. Renters...
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Down Payment Assistance Programs in Tennessee
The county and state governments in Tennessee regulate and offer most down payment assistance programs. Each local area provides its own assistance programs, and while some have only one, others have...
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How to Read an MLS Listing
The Multiple Listing Service is a database of real estate listings as listed by licensed reactors through the National Association of Realtors. Each home listed on the MLS has an individual listing....
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Down Payment Requirements in Real Estate
No national standard on down payment requirements exists in real estate. Most often, a down payment requirement depends on the borrower's qualifications and the type of financing the borrower chooses....
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How to File a Construction Loan on Taxes
A residential construction loan is used to finance the construction of a home. When a consumer signs papers for a construction loan, they will probably pay a one-time taxable fee, or points. When money...
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Due Diligence Checklist for a Home Purchase
One of the most important things that prospective buyers need to do before buying a home is to get it inspected, usually by a licensed home inspector. The bank may require the home inspection as part...
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How to Buy a Foreclosed Home in California
Lenders that provide a deed of trust or mortgage to a home buyer have the protection of foreclosure laws in the event the buyer defaults on the home loan. California lenders who foreclose on a home...
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How to Negotiate for Bank Owned Properties
Bank-owned properties, which are properties foreclosed upon by lending institutions, are often listed online for resale by the banks and brokers. To negotiate the sale of a bank-owned property, you...
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How to Qualify for a HUD House in Indiana
The U.S. Department of Housing and Urban Development has many programs, such as the Making Home Affordable program and the Fair Housing and Equal Opportunity Act, to help residents afford housing. In...
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Length of Employment & Mortgage
When a buyer is applying for a loan, employment is a major factor. Employment histories provide a lender with information on gross income income and paint a picture about how stable the applicant's...
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FHA Inspection Rules
Federal Housing Administration (FHA) appraisers are required to do much more than assess the value of a property, they are also required to inspect the property for defaults or defects. FHA guidelines...
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