May 31, 2022 | Consumer News and Advice, Home Buying 101, Real Estate, Real Estate Finance, Real Estate News
By Cathie Ericson May 24, 2022 (Getty Images) How much house can I afford? 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...
May 18, 2022 | Consumer News and Advice, Home Buying 101, Real Estate, Real Estate Finance, Real Estate News
By Cathie EricsonMay 15, 2022 (Getty Images) What is a mortgage? In a nutshell, a mortgage is a loan that enables you to cover the cost of a home. Since you probably don’t have hundreds of thousands of dollars lying around, a mortgage loan makes it possible...
Apr 15, 2022 | Real Estate Finance
By Lisa Johnson MandellApr 13, 2022 (worldofvector/iStock) What is a hard money lender? The real estate term may conjure up visions of crooked-nosed guys who’ll cut off a borrower’s pinkie finger for flaking on a hard money loan. But you can rest assured that, despite...
Apr 7, 2022 | Home Buying 101, Real Estate, Real Estate Finance, Real Estate News, Today's Top Consumer News
By Tara MastroeniApr 7, 2022 (Getty Images) If you’re thinking of buying a home in today’s market, you need to be prepared for the possibility of an appraisal gap. So what is an appraisal gap? An appraisal gap is when a home’s appraised value is lower than the...
Mar 2, 2022 | Consumer News and Advice, EAR Local News, Home Buying 101, Real Estate, Real Estate Finance
By Erica SweeneyMar 2, 2022 (Getty Images) Taking on a mortgage to finance buying a home is a major milestone, and it’s a critical moment to use your consumer savvy to nab the best deal possible. This is particularly true in today’s market. Given interest rates...
Feb 24, 2022 | EAR Local News, Real Estate, Real Estate Finance, Real Estate News
By Clare TrapassoFeb 24, 2022 (Realtor.com/Getty Images) Homebuyers had better be ready to suit up for battle. Any buyers—or wannabe buyers—who thought last year’s meteoric jump in home prices was rough should be prepared for this spring to be even worse. A...