Monday, September 30, 2013

Real Estate Tips and Tricks for October 2013

National Home Sales Remain Above Year-Ago Levels
When it comes to predicting immediate future sales, economists rely on the Pending Home Sales Index. It tracks the number of contracts in the housing market, not closings. And while July's pending home sales were down a slight 1.3 percent, they were still 6.7 percent above last year's level. 
What's more, for the past 27 months the index has stayed above year-ago levels 

Rising Mortgage Rates
The slight dip in the index can be blamed... Read More

What You Need to Know Before Choosing a Home Mortgage

Once you have found the perfect home and it has passed its home inspection, the next step is finding the right home mortgage. There are many different types of mortgages, and each has its benefits and drawbacks. You need to understand the ins and outs of your mortgage agreement before you sign anything. 

What is a home mortgage?
A home mortgage is an agreement between a borrower and a lender that the borrower will pay back the mortgage loan with a pre-determined amount of interest. Until the loan is completely paid off, the mortgage lender owns... Read More