Articles in ‘Real Estate’ 
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A New Way To Lock in a Rate
A start-up web site called Home-Account.com plans to revolutionize the $11 trillion mortgage industry And consumers are eagerly signing up. One second at a time. “We’re in a situation now where a lot of people are concerned about their mortgages,” says Robert Cringely, a co-founder and shareholder in Home-Account.com. “There’s a lack of information out [...]
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Reverse Mortgages 101
Attention strapped seniors: The reverse mortgage, a financial instrument that acts as a lifeline for some financially struggling retirees, has become a bit more accommodating under Obama’s stimulus bill. An HECM or Home Equity Conversion Mortgage (the most popular reverse mortgage and only one issued by Uncle Sam) now carries a loan limit of $625,500, [...]
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Don't Waste Time to Prequalify
You’ve found a home you love. You think you can afford it. What’s the first step to take now? Get prequalified as soon as possible with help from a mortgage broker. Traditionally you may have called your bank to get a pre-approval for a mortgage. But that’s gotten much more difficult. Banks are either shutting [...]
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I've Foreclosed. Now What?
By the end of next year, an estimated 5.5 million homes are expected to foreclose – leaving many folks wondering how they’ll ever be able to rebuild their American Dream. “This is a very humbling thing, when people are foreclosed on,” says financial expert Ilyce R. Glick of www.thinkglick.com. “You failed at something very major…It’s [...]
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Time's Ripe for Virgin Homebuyers
Your parents have been on your case about buying a house. Your best friend just quit flushing money down the toilet (read: paying rent) and finally settled on a cute starter-home with a huge yard and finished basement just 20 minutes from the city. What’s holding you back? Never-before seen deals under $200,000 are flooding [...]
