Considering A Short Sale Or Foreclosure For Your First Home? What Are Your Financing Options?

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If you’re considering moving from a rental home or apartment to a home you own, you may find yourself dismayed at the rapidly rising cost of real estate in your area. For many prospective first time home buyers, paying rent each month leaves little left over to save for a down payment, especially when purchase prices seem to be rising far faster than wages. If this is the case, looking at your less-than-perfect options–including real estate owned (REO) properties and homes subject to short sale–may be the best way to accommodate your budget while getting you into a home sooner rather than later.…

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Three Reasons You Should Choose a Personal Loan Instead of a Credit Card

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When you need to buy something, it’s tempting to use credit cards to finance your purchase. Depending on your situation, though, that may not be the best way to go. Here are three reasons why you should opt for a personal loan instead. Lower Interest Rates The top reason why personal loans are a better option than credit cards is they typically have lower interest rates. The average credit card rate is between 12.…

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Four Issues That Often Sabotage Adjustable-Rate Mortgage Loans

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If you’re thinking about purchasing a home, you may have heard about the numerous advantages of “adjustable-rate mortgage” (ARM) loans. ARM loans are home loans that begin with a low interest rate in the interest of helping a homeowner afford their house. This interest rate is recalculated to go up over time, making the payments increase over time. Many homeowners begin this purchase with the idea that they will be able to increase their earning potential or refinance their loan after several years.…

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