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Feb 27, 2022 How to flip a house using other people’s moneyPublished 27 February 2022 Flipping a house is easy if you have plenty of cash on hand. But what if you’re long on skills and short on greenbacks? The answer is to use what’s known in real estate industry jargon as OPM, or Other People’s Money. Using OPM to finance a flip can take many
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Published 20 February 2022 According to the National Association of Realtors 2021 Generational Trends Report, single women homebuyers outnumber single male homebuyers by a factor of 2 to 1, up from just below that ratio one year ago. While that’s undoubtedly a major milestone, there was a time when it was nearly impossible for female homebuyers
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Published 13 February 2022 According to the National Association of Realtors, the most difficult step in the homebuying process is saving for a down payment. HouseLogic.com, which is NAR’s site for homeowners, recently reported that the 20 percent down payment requirement is “one of the biggest misconceptions in home buying.” Misconception, schmichconception. Saving for a down
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Feb 06, 2022 Purchasing a vehicle can ruin homebuying plans
Published 6 February 2022 Purchasing a home or a vehicle are both exciting propositions. So exciting, in fact, that during the process one’s thinking can sometimes be skewed to the point where an emotional decision is made that would not have otherwise been considered prudent. Buyers who find themselves in such a circumstance often suffer
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Jan 30, 2022 Seven ways to counter rising mortgage rates
Published 30 January 2022 Mortgage interest rates are on the rise and projected to climb higher as the year progresses. Lawrence Yun, chief economist for the National Association of Realtors, forecasts the 30-year fixed-rate to hit 3.7 percent by the end of the year. Michael Fratantoni, chief economist for the Mortgage Bankers Association, is a
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Jan 23, 2022 MFA offers lucrative financing in targeted areas
Published 23 January 2022 The New Mexico Mortgage Finance Authority is best known for providing mortgages and down payment assistance to first-time and repeat homebuyers. They do much more than that, however. In addition to also providing tax credits and financing for the development of affordable rental housing, they likewise offer special financing for buyers
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