Short Sales
The 411 on Short Sales If you are in the market for a new home, you may come across homes on the market that are labeled as a “short sale”, “short pay” or “pre-foreclosure”. These three terms all mean the same thing: the seller is upside down on their mortgage and is attempting to negotiate […]
Home Improvement Tips
Helpful Home Improvement Tips The Lawhead Team would like to share some helpful home improvement tips for 2012. There are simple home improvement steps you can take around your house to save a little money here and there. Read up on just a few home improvement tips we have come up with: Energy Assessment – […]
30-Year Fixed-Rate Mortgages Continue To Stay At Record Lows
Not only are housing prices at an extreme low, but 30-year fixed-rate mortgages continue to stay at record lows as well. Freddie Mac reported in its weekly mortgage market survey that the 30-year fixed-rate mortgage has lingered at the record low of 3.87 percent since the first week of February. For the past 11 weeks, […]
Tips On Qualifying For The Lowest Mortgage Rates for 2012
The Lawhead Team would like to share some information on qualifying for the lowest mortgage rates we’ve seen in years. There are four individual qualification criteria for your mortgage rates – down payment, debt ratio, credit scores, and interest points. Keep in mind, some of these factors can offset others. For example, if you have […]
Loosening Credit Could End The Housing Crisis
Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one […]
Home Buying Lingo – What To Know
Home buying can be a bit overwhelming and knowing a bit of the lingo may help get a grasp on exactly what your lender and realtor are talking about while you search for your perfect home. When you are looking at house listings as well, some of the lingo will be abbreviated and you may […]
Mortgage Deal Could Bring Billions In Relief
Mortgage deal could bring billions in relief. On Thursday, federal and state officials announced a $26 billion foreclosure settlement mortgage deal with five of the largest home lenders. California is expected to receive approximately $12 billion in principal write-downs, including through short sales, over the next three years, according to the state attorney general’s office. […]
Preparing For Various Home Buying Costs
How to prepare for home buying costs, besides the mortgage, when purchasing your home. There are a lot of details you should know about and things to prepare for when buying a home – especially the various costs involved with the initial purchase and the monthly payments. Buying a home is a big decision and […]
