Home prices are going up all over the U.S., and since demand also increases, affordability is actually a growing problem. Home prices continue to increase nationwide, even hitting new highs in a number of large housing markets in April, as outlined by S&P Dow Jones Indices Case-Shiller Home ... » Learn More about Where are home prices so high it’s truly unaffordable
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Flood insurance program expires in October
Flood insurance costs continue to keep put small businesses and home ownership at risk, the National Association of Realtors® (NAR) told U.S. Senators a week ago in testimony before Congress. But NAR also discussed possible solutions for the National Flood Insurance Program (NFIP). The 2016 vice ... » Learn More about Flood insurance program expires in October
Fifth Third Mortgage offers mortgage with no down payment
Fifth Third Mortgage could be the latest lender to enter the slowly growing playing field of mortgage companies offering low down mortgages, taking it one step further by announcing - for those who qualify - a zero down payment mortgage program. Its down payment assistance program offers 3% of the ... » Learn More about Fifth Third Mortgage offers mortgage with no down payment
Tax Lien Investing Consider these 5 Important Risks
Purchasing a tax lien or tax deed may sound easy. You go to an auction, buy a lien or deed, and after that collect interest on the lien or take title to the property. An investor could possibly get some really good returns (as much as 18%) or get a property for pennies on the dollar. But those ... » Learn More about Tax Lien Investing Consider these 5 Important Risks
Jumbo mortgages now less expensive than smaller loans
Banks will give you a better interest rate if you purchase a more expensive and, presumably, bigger home. The interest rate for a 30-year jumbo loan currently stands at 3.71 percent - a notch below the rate to get a "conforming" mortgage, which weighs in at 3.73 percent, says Greg McBride, senior ... » Learn More about Jumbo mortgages now less expensive than smaller loans
