A traditional bank mortgage isn't the only option for purchasing a house.
Even though mortgage rates are at near 30-year lows, some homebuyers are completely avoiding banks and getting below-market rates--even without credit or income qualification.
The article covers 10 alternatives. Some like using stock or other securities and the family loan will probably become a bit more common, but assuming a mortgage or automatic principal reduction mortgages are very unlikely to happen without industry AND government involvement.
When you are buying a home it may feel like every time you turn around there is a hand out for some unexpected fee or expense. This is probably especially true if you are a first-time buyer.
Updated Jun 22, 2009If you are considering putting your home up for sale this spring, now is the time to decide if you need to undertake a home improvement project to increase the home's appeal and potential asking price. Starting now should allow you enough time to outline the project scope, define the budget, hire a professional, apply for permits and complete the job before the "for sale" sign is put in place.
Updated Jun 21, 2009Selling your home during a recession-like climate certainly brings extra challenges. One of the best ways you can raise to the occasion is to make your home a marketplace standout. In a competitive real estate marketplace first impressions are paramount. When potential buyers turn the corner, you want them to feel a strong, emotional connection. You want them to think, "I want to live here!" not, "What else is for sale in the neighborhood."
