With Rates on the Rise, Should I Rethink Buying a Home?

Interest rates are on the rise in 2015, which has many future home buyers wondering if they should rethink buying a home at this time.

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Don’t accidentally commit mortgage fraud. Here’s how to avoid becoming an inadvertent criminal.

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Mortgage lenders have a bad rap in large measure because the lending process has become complex. Here’s what you can do to protect your interests.

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Buying a home can be so not-fun, especially if it’s your first time or you haven’t financed real estate in a few years. The most stressful part of home buying is probably not choosing a neighborhood or listing the “must-haves” for your next kitchen — it’s most likely your... Read more
Unless you’re a real data geek, you probably ignore the snooze-fest that is today’s economic reporting. GDP, LIBOR, QE3, CPI and all the other head-spinning acronyms can’t be approached before your second cup of coffee, and maybe not even then. However, if you can suck it up and make... Read more
Q: My husband and I have been discussing our credit card debt and car loan, which total about $30,000. He says we should get a home equity loan to consolidate our debt. We owe about $95,000 on our mortgage and our house is currently worth about $175,000 according to... Read more
You’ve found it! The home that has “good bones,” is in the perfect neighborhood, and is built in the architectural style you love. There’s “only” one problem: The home is a “diamond in the rough.” Or it flat-out needs major renovation. FHA provides a program for purchasing and renovating... Read more
Alas, it appears that fixed mortgage rates have crept out of the basement and are on their way up. In other words, things are getting back to normal in mortgage and real estate. That means home buyers will once again have to make a trade-off to get the lowest... Read more
While I’m not a fan of all of the changes Dodd-Frank made to the mortgage industry, preapprovals under the new law are better and more reliable. Here’s what you need to know before getting pre-approved for your new home loan. It may take a bit more time than the pre-approvals... Read more
If you think it’s hard to get a conforming (Fannie Mae or Freddie Mac) mortgage today, try applying for a jumbo home loan. Jumbo mortgages have higher loan amounts than conforming loans and can’t be marketing through the mortgage clearing houses Fannie and Freddie. Because these loans can’t be... Read more