Feb 15, 2023 | Real Estate, Real Estate Finance
By Erik Gunther Feb 8, 2023 (Realtor.com) Whether you’re buying a fixer-upper or just want to modernize the kitchen of a dated home before you move in, a FHA 203(k) loan insured by the Federal Housing Administration (FHA) could be the solution to...
Feb 8, 2023 | Consumer News and Advice, Real Estate
By Lisa Marie Conklin Feb 7, 2023 (Getty Images) Are you a buyer with your eyes on a charming older house or a bargain fixer-upper? As you’re researching what it will take to buy the property, you’ll likely come across some hefty costs for updates...
Feb 6, 2023 | Consumer News and Advice, Real Estate
By Clare Trapasso Feb 6, 2023 (Illustration by Realtor.com; Photos: Getty Images (2)) Homebuyers who are closely watching the correction in the real estate market might believe now is a good time to pounce. After all, homes are sitting on the...
Jan 31, 2023 | Real Estate, Real Estate Finance
By Daniel Bortz Jan 29, 2023 (KLH49/iStock) What is a foreclosure? When a homeowner doesn’t pay their mortgage for an extended period of time, a lender will take possession of the home—which means the current owner must move out. Foreclosure is a scary...
Jan 26, 2023 | Home Buying 101, Real Estate
By Cathie Ericson Jan 18, 2023 (Getty Images) Long before you start asking yourself what type of house you want—condo or house? Craftsman or ranch?—you should ask yourself this pragmatic question. After all, it’s no secret that your dream home can...
Jan 24, 2023 | Consumer News and Advice, Real Estate
By Margaret Heidenry Jan 20, 2023 (Getty Images) Every homeowner has some project to tackle. When you own a home, there’s always seemingly something that needs fixing, zhuzhing, or general improvement. Sometimes these projects (full-kitchen remodel, anyone?) can...
Jan 20, 2023 | Real Estate, Real Estate Finance
By Lisa Marie Conklin Jan 19, 2023 (Getty Images) If you have a fixed-rate mortgage, your payment is the same amount every month and never changes no matter how much the interest rates fluctuate. While there’s some comfort to that, wouldn’t it be amazing to...
Jan 17, 2023 | Home Buying 101, Real Estate
By Patricia-Anne Tom Jan 9, 2023 (Dangubic/istockphoto.com) If you’re a potential buyer in the real estate market, you may wonder whether a condo is right for you. Condominiums are generally less costly to purchase than houses or townhouses, and they...
Jan 10, 2023 | Real Estate, Real Estate Finance
By Lisa Marie Conklin Jan 10, 2023 (Getty Images) Many homebuyers today are losing sleep over steeply rising interest rates, which have more or less doubled over the past year and reached their highest level in two decades. Now hovering in the mid-6 % range,...
Jan 6, 2023 | Real Estate, Real Estate Finance
By Daniel Bortz Dec 5, 2022 (Getty Images) An interest-only mortgage is a type of home loan where you start off paying only the interest for a certain time period, followed by a time where you pay back both the interest and principal. Most interest-only...