We all want to sell our homes at above asking price, but what is it that makes a seller succeed at this? Here's our expert advice on how you can sell your home above the asking price. Ask For Less You may be surprised, but pricing your home lower than market value can have an extremely positive effect on the offers you receive. This is because a low-priced listing will stand out and will draw more attention, which boosts your chance of a bidding war. By attracting more buyers to come and look at … [Read more...]
Can You Get a Mortgage after a Chapter 7 Bankruptcy Discharge? Yes – But You’ll Have to Wait
There was a time when it was possible to acquire a mortgage shortly after filing for Chapter 7 bankruptcy, but with the shifts in the financial sector, the timeline on such a mortgage approval has changed in recent years. If you're currently undergoing a Chapter 7 bankruptcy and are wondering how this will impact home ownership, here are the basics on this type of bankruptcy and what it may mean for you. What Is Chapter 7? While a Chapter 13 bankruptcy is the kind of financial situation that … [Read more...]
Leveraging LPMI: The Pros and Cons of Lender-Paid Mortgage Insurance
From interest rates to mortgage loans, there are many things associated with applying and obtaining a mortgage that are important for new homeowners to be aware of. If you've heard the term Lender-Paid Mortgage Insurance (LPMI), this is when the mortgage lender pays off mortgage insurance on behalf of the homeowner. While this kind of insurance can be beneficial for some homeowners, here are some of the basics on LPMI so you can determine whether or not it will work for you. It Can Be Tax … [Read more...]
What’s Ahead For Mortgage Rates This Week – August 8, 2016
Last week's economic reports included construction spending, personal income, and multiple reports on employment. Freddie Mac's mortgage rates survey and new jobless claims were also released. Construction Spending Dips in June According to the Commerce Department, construction spending fell in June to -0.60 percent as compared to expectations of an increase of 0.50 percent and May's reading of -0.10 percent. Spending was even across public and private construction spending. The Commerce … [Read more...]
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