Wafa Hanna

at , Irvine, 92604 United States

As a devoted real estate professional I will make every effort to ensure your experience is as smooth and enjoyable as possible.


Wafa Hanna

Irvine , CA 92604
United States
Contact Phone
P: (714) 401-9495
Website
-

Company Rating

164 FB users likes Wafa Hanna, set it to 25 position in Likes Rating for Irvine, California in Real estate category

4 REASONS TO REFINANCE NOW... AND 4 REASONS NOT TO.- A nicer car. Some new furniture. A family vacation. Or a bigger, fatter savings account every month. They're just a few of the things you've been thinking about since you learned you can save a couple hundred dollars per month by refinancing. We get it. That new low interest rate is tempting. But is refinancing really right for you? If you're only thinking about what you can buy with the money you'll save, the answer might be no. WHEN TO REFINANCE 1. To lower your interest rate "One of the best reasons to refinance is to lower the interest rate on your existing loan," said Investopedia. "Historically, the rule of thumb was that it was worth the money to refinance if you could reduce your interest rate by at least 2%. Today, many lenders say 1% savings is enough of an incentive to refinance." People who refinanced a few years ago may also want to think about doing it again. "If they refinance now, they could lower their rate by 1 percent," said Diane George, founder of Vault Realty Group, a brokerage in Oakland, California, in Money magazine. "For example: A $450,000 loan with a 4.75 percent interest rate refinances into a 3.6 percent interest rate and will have a savings of an estimated $300 a month." 2. To shorten your loan term Historically low interest rates have enticed many a homeowner to refinance in order to shorten the length of their loan—often trading in a 30-year fixed-rate loan for a 15-year term. Depending on the rate, homeowners can cut their loan term nearly in half without a huge jump in the monthly payment. Check out Bankrate's calculator to compare rates on the two loan types. WHEN NOT TO REFINANCE 1. Because you want to cash out all that equity and buy a boat. Or an island If there's one thing we learned from the real estate crash, it's that treating our homes like a discretionary spending account can be dangerous. Mortgaging yourself to the hilt and spending the cash on items that don't appreciate or that are risky could spell disaster—that's if a bank will even approve the refi. Read the Full Story Here! - http://realtytimes.com/consumeradvice/mortgageadvice1/item/38169-20150910-4-reasons-to-refinance-now-and-4-reasons-not-to

Published on 2015-11-09 17:21:35 GMT

SELLING WITH A CONTINGENCY - Question. We have been trying to sell our house for several months, and have just received an offer. The price is right, but the buyer wants the contract to be contingent on the sale of her own house. Our real estate broker has suggested that she could list the buyer's property, and would probably be able to sell that house quickly. What do you think of this kind of contingency? Answer. You have raised two different questions, and both deserve a comprehensive response. I personally do not like contingencies based on the sale of the purchaser's current residence. However, it is a fact of life which sellers have to accept if they want to sell their property quickly. Not everyone can afford to buy a new house while at the same time having to carry the financial burden of their existing home. A contingency is a legal concept which basically means that if a particular condition is not met, then the real estate contract becomes null and void. In a home sale contingency situation, if the buyer cannot sell his or her house, then the buyer does not have to go forward with the sales contract to buy the new property. Clearly, such a contingency is in the best interest of the buyer. However, there are certain protections that a seller can obtain if they are properly incorporated into the sales contract. If you, the seller, are prepared to accept a home sale contingency, this means that you will not have any certainty as to whether your buyers will in fact go to closing on your house until such time as the buyers have contracted or sold their current residence. Read the Full Story Here! - http://realtytimes.com/consumeradvice/sellersadvice1/item/38042-20150904-selling-with-a-contingency

Published on 2015-11-05 17:21:12 GMT

MAKING A DEPOSIT ON A HOME- The time has come for you to make your deposit on the house of your dreams. You are head over heels in love with the house and the location. It is right in the price range you want with all the characteristics that makes it feel like yours. When making your deposit it is important to know that you are possibly making the biggest purchase of your life. A house is a big responsibility and with it comes a list of things that could go wrong. You will typically deposit 5 percent of your home’s value. Remember the amount varies from house to house. In order to prove your offer to purchase a property an earnest deposit is needed. This indicates a buyer’s intention in purchasing the property. Whenever you are making a deposit make sure you get a recipient back. The bigger your deposit, the smaller your loan. You will need some upfront cash to purchase your dream home. Cut back on unnecessary expenses. Create a budget. Understand how a mortgage works because after you make your deposit you will need a loan to pay for the rest of the house you want. Loans typically come in 30 or 15 year increments. For the next 30 years you will be paying a mortgage and a deposit can drastically cut back on your monthly payments. You will still need great credit history as well as steady employment and proof of a consistent savings plan. Read the Full Story Here! - http://nathanielwenger.realtytimes.com/advicefromagents1/item/38122-making-a-deposit-on-a-home

Published on 2015-11-03 01:10:08 GMT

DRESSED FOR SUCCESS- THE KEY TO PERFECT HOME STAGING - Home staging is a skilled art. Done poorly, it can put off prospective purchasers the moment the front door is opened. Done well, it can be the deciding factor that inspires buyers to commit to a property purchase on the spot. In fact, home staging in the right hands can be award-winningly good. In fact, home staging in the right hands can be award-winningly good, as demonstrated by Alexander James, who are famed for dressing (amongst others) the stunning new Silverwood residence on the main island of the Wentworth Estate in Surrey. On the market at £4.6 million through Surrey's leading estate agency, Barton Wyatt, the home includes five bedrooms, five bathrooms, five reception rooms, a kitchen/breakfast room, a cinema room and a games room. James Wyatt, Partner at Barton Wyatt, comments, "Dressing a property as impressive as Silverwood takes real flair, which is why we were delighted to work with Alexander James. The company is able to achieve the perfect balance between sophisticated elegance and homely warmth that makes such grand properties so attractive to those viewing them. It is a balance that is key when it comes to home staging at this level - prospective buyers have to be able to imagine themselves at home the moment they step over the threshold." Read the Full Story Here! - http://searchladder.realtytimes.com/advicefromagents1/item/38071-dressed-for-success-the-key-to-perfect-home-staging

Published on 2015-10-30 22:18:04 GMT

DON'T FALL FOR THE WRONG HOME- When you go shopping for homes in the fall, you have some advantages. Buyer traffic has slowed with the start of schools. Sellers who've had their homes on the long hot summer market are weary of trying to sell their homes and more willing to drop prices. Your REALTOR® has more time for you, and is telling you about good deals in better neighborhoods. But there's a reason you might be vulnerable to choosing a home too quickly, even though market conditions are more in your favor. You want to get into your new home before the holiday season starts. You're already under the nesting spell of grey skies, glorious turning leaves, and afternoon football games on TV. It's Thanksgiving at your house this year, everybody! But wait. The holidays aren't a deadline. It's far better to choose a home that meets your needs no matter what time of year it is. 1. Get preapproved. Your lender will give you a price limit that you can comfortably afford based on your income and debts. These are time-tested formulas that allow some wiggle room in your finances so you won't be house-rich but cash-poor. 2. Shop for the right size, not the biggest. Buying the biggest home you can isn't the best idea. Think about the operating costs of heating, cooling and maintaining all that space. This is money wasted that could be spent on other things you may need such as a new car or furniture. Read the Full Story Here!- http://realtytimes.com/consumeradvice/buyersadvice1/item/38041-20150904-dont-fall-for-the-wrong-home

Published on 2015-10-29 16:22:14 GMT

DON'T FIGHT THE HOME INSPECTION- Question: We are selling our house and have just received an offer to purchase. The offer contains a contingency for the buyer to obtain a home inspection report. The buyer is asking for a general inspection contingency, but our real estate broker is advising us to use the specific inspection contingency. Can you explain the difference and give us some assistance? Answer: In my opinion, it is imperative for a homebuyer to obtain a home inspection after the contract for sale is signed by all parties. Buyers often purchase real estate based on emotions rather than facts, and a good home inspection is important to satisfy the purchaser that the property is substantially in sound condition. A buyer should always include in a sales contract a contingency to the effect that the contract is contingent on the purchaser obtaining, at purchaser's expense, a satisfactory home inspection within three or five business days after the real estate contract is ratified. Read the Full Story Here! - http://realtytimes.com/consumeradvice/sellersadvice1/item/37711-20150825-dont-fight-the-home-inspection

Published on 2015-10-12 16:28:43 GMT

FACTS FOR YOUNG FIRST TIME PROPERTY BUYERS- Buying a home is not easy. It should be taken seriously, as it’s a “Dream Come True”. It’s the biggest and the most expensive purchase of your life, which can be stressful and emotional as well. It’s a purchase where you will reside for the rest of your life. For this big deal, you might have also made a list of ‘must-haves’ for your home. For instance, the location, size, price, amenities, schools, design and the list goes on. For these reasons, it’s important to know these facts before buying a new home. Find a Real Estate Agent familiar with the market Your home purchase depends upon your ability to search the estate agent who is familiar with the market. The best way to find is to talk with recent clients’ deals which they have closed, your colleagues who have purchased a house in that vicinity, friends, relatives, referral, internet and open house. Do a research of the estate agents as they know all what is available currently and will help you find the right home. Check whether the property is under the (Homeowner Association) HOA Law This law is good news to some, as it preserves the value of your land by ensuring neither you nor your neighbor do anything like paint your house with an unpleasant color or park several commercial vehicles in your driveway. The bad news is that you can’t do anything with your own private property. Neglecting the HOA law may lead to a legal action. Read the Full Story Here! - http://coventryhomes.realtytimes.com/advicefromtheexpert1/item/38016-facts-for-young-first-time-property-buyers

Published on 2015-10-26 16:27:54 GMT

10 TIPS FOR TURNING YOUR NEW HOME INTO "OUT HOME"- When you're moving into a new house, the more you know about it before you must know— during a high-pressure day, emergency, or crisis — the happier you and your family will be. #1. Our New Passwords: Change codes and passwords for security systems and anything else you are taking over from the previous owner. Make sure the new version is significantly different, so it can't easily be guessed. Record passwords and keep in a safe place. #2. Our New Keys: Change the locks on the house, garage, outbuildings, and gates. If you're happy with the existing hardware, a local locksmith can re-key or change the lock cylinder or replace the interchangeable core, depending on your system. Check window locks to ensure all are fully functional. #3. Our Smoke/CO Detectors: Check with the local fire department to learn where smoke/ CO detectors and fire extinguishers are required or recommended. Interconnect units if possible. Check existing units for expiry dates. Never install a smoke/CO detector in your home without understanding how it operates whether it is hardwired or not. If not, install new batteries today and add a replacement date to your maintenance calendar. (This will also be a move-in anniversary reminder.) #4. Our Manuals: Start a digital and/or paper folder for manuals for every appliance, detector, and operational device that could need repair or replacement. Jot down maintenance reminders on your maintenance calendar while you inventory what you have. Read the Full Story Here! - http://realtytimes.com/consumeradvice/buyersadvice1/item/37917-20150901-10-tips-for-turning-your-new-house-into-our-home

Published on 2015-10-22 16:29:33 GMT

CLEVER HOME STAGING TRICKS YOU CAN STEAL- Getting ready to sell your home? It would be awesome to hire a home stager. Home stagers are paid to furnish a home and help it look its best. What they create isn't so much the ideal living environment but rather the idealized one—one in which there are no awkward furniture arrangements, toys on the floor, crumbs on the countertops, or surprises in the toilet. It's not maintainable for most people everyday, but boy does it work when selling your home. Stagers typically have furniture and accessories at their disposal—not to mention interior design degrees. But they can cost hundreds—even thousands—of dollars. Fortunately, you can achieve great results by using some of their tricks. Clear it out and clean it up The first step in preparing any home for sale is to clear it out and clean it up, getting rid of clutter and personal items and scrubbing it down. Removing kids' toys, outdated furnishings, and excessive knickknacks can help. Whatever you can't sell or donate, box up and store at a friend or relative's house, or rent a storage unit for a couple of months. Or, if you can do so neatly and without compromising your garage space, stack them along a wall. Depersonalize A house that reflects your personal style from floor to ceiling and all over the walls (and every other surface) will have a hard time appealing to buyers. "Prospective buyers won't be able to picture themselves in the house if they're surrounded by dozens of photos of your children and grandparents," Read the Full Story Here!- http://realtytimes.com/consumeradvice/sellersadvice1/item/37882-20150831-clever-home-staging-tricks-you-can-steal

Published on 2015-10-19 16:29:37 GMT

FIVE WAYS BARGAIN-HUNTING CAN BACKFIRE ON HOME BUYERS- t's natural to want to save money when you're making a purchase as large as a home. You want to buy the best home in the best neighborhood at the best price, and you may think the only way to accomplish your goals is to look for bargains. So instead of hiring a real estate agent, you scour the market for FSBOs, short sales, foreclosures, or homes that have been on the Internet too long. While you're bargain-hunting, here are five things you should keep in mind: Lowballing sellers doesn't work They don't waste time with low-ball offers that they find insulting. Just as you want the home you buy to appreciate in value, sellers purchased their homes as investments, too. They want to net as much as possible, because they took a financial risk and had the foresight to buy the home they chose. .Other buyers are getting professional help. Ninety percent of buyers use a real estate agent while you're spinning your wheels driving around neighborhoods and calling FSBO sellers who aren't home to take your call. Soon, you'll notice that the homes you're watching are going under contract with other buyers. True bargains are rare. Sometimes a distressed home will impact the prices of the other homes because they typically sell at a discount of 17 percent, according to the National Association of Realtors. The other sellers may discount their homes somewhat, but if they're not in distress, don't expect them to negotiate as if they are. A bank foreclosure or bank-approved short sale could take months to close. If a home has been on the market for a long time without a price reduction, there's usually a good reason. You have an unmotivated, unrealistic, or upside-down seller, any of which could waste your time without resulting in a purchase. Move on to a deal that you can actually make.

Published on 2015-10-15 16:27:07 GMT

6 IMPERATIVE MISTAKES TO AVOID WHEN DECLUTTERING YOUR HOME- If you're getting ready to move or sell your home, clutter is your worst enemy. It makes packing a nightmare, and finding the one item you need could take an extra 15 minutes to more than an hour. Decluttering is a great way to get rid of the things you don't need before moving or preparing your house for a walkthrough. But you need to avoid some of the common mistakes that come with this seemingly daunting job. Here are some of the roadblocks you could run into and how to handle them: #1 Laziness or procrastination. If you don't feel like decluttering your house will achieve significant results or make your house feel cleaner, then you're not going to do it effectively. At the same time, if you drag your feet, it may take weeks to get the job done. Have a set goal in mind and stick to it when starting this project, especially if you plan to do the entire house. If you need someone to help or keep you on track, you can hire a home organizer to set a schedule and make the process more manageable. #2 Tackling too much at once. You can't organize the entire house in a day. It's simply not doable. And it will sound far too overwhelming from the start, deterring you from ever finishing. Spend just a few hours each day decluttering, tackling one room at a time. If that's too much to do, start with one closet or a few drawers and work your way up. Remember, you will always have a bigger mess before you have something more manageable. If you make a mess of your entire house, you may never regain the energy or desire to go back to the project. Read the Full Story Here! - http://realtytimes.com/consumeradvice/sellersadvice1/item/37749-20150826-6-imperative-mistakes-to-avoid-when-decluttering-your-home

Published on 2015-10-08 16:23:27 GMT

WHAT 12 QUESTIONS TO ASK BEFORE HOME PURCHASE- If you bought a house with no maintenance issues big or small, let me know. That would be one for the record books. In reality, most homeowners find a problem, quirk, shortcoming, whatever, within the first couple of months of buying their new home. These problems are usually never asked or thought of. 1. Has There Ever Been a Busted Pipe? A broken pipe isn’t rare; in fact, water damage caused by a frozen or burst pipe is a leading cause of homeowner’s insurance claims, at around 22% of all home insurance losses, according to the Insurance Information Institute. What bursts? Typically exposed water pipes in unheated basements and crawl spaces, along with exterior faucets. There are usually tell- tell signs when a pipe bursts, but with a little bit of paint and know how, those signs can disappear. 2. How Old is the Roof? Knowing the approximate age will give you a good idea of how soon you’ll face — and need to budget for — repairs or replacement. A new roof is no small matter: It could cost you in the 10 to 20 thousand range depending on material, labor and size of your roof. 3. Any Infestations of Termites, Carpenter Ants, or Other Pests? This should be disclosed by the previous owner at time of sale. But even if the owner dealt with a past infestation — and can offer proof, such as a receipt for pest control — that doesn’t mean the little buggers have been totally eliminated. Read the Full Story Here! - http://acadiana.realtytimes.com/advicefromtheexpert1/item/37685-what-questions-to-ask-before-home-purchase

Published on 2015-10-05 16:27:05 GMT

6 MISTAKES TO AVOID WHEN SELLING A HOUSE- 1. DON’T SELL BEFORE THE HOUSE IS READY That is a common seller mistake that many homeowners commit that has always cost them of attractive sale deals. You should always ensure that your home is available for sale before you start advertising it to potential buyers. Making your home ready for sale entails ensuring that all the minor repairs are taken care of, the house is clean and that you have staged it properly. If you cannot afford to pay an expert to do it for you, you can do most of the preparations on your own. Forgetting to do these small repairs may lower your home value or even prevent you from making a sale at all. The importance of doing this is that, if a buyer notices that you have neglected minor repairs like a faulty door knob or a creaking window, they might wonder what other major repairs have not been addressed in the home. 2. DON’T OVER IMPROVE Another mistake that you should steer away from is over-improving your home. When you are making your home ready for sale, you might be tempted to over-improve it in a bid to make it look more attractive to buyers. However, experts advise that you should do it in moderation so as to avoid scaring customers especially if the house is situated in an area where there are many other houses for sale. That is because the other houses in the surrounding might just be moderately enhanced, which will make your stand out. Therefore, buyers will prefer to buy the other houses thinking that they will cost less than yours. It is also a universal rule in the real estate circles that buyers seek to buy an affordable home in a classy neighbourhood. Read the Full Story Here! - http://theballengroup.realtytimes.com/advicefromagents1/item/37706-6-mistakes-to-avoid-when-selling-a-house

Published on 2015-09-30 22:40:01 GMT

THE BENEFITS OF OWNING YOUR OWN HOME- Aside from the non-tangible benefits of owning a house such as pride and security, there are a lot of financial benefits when it comes to owning your own home, and some of these financial benefits will be very useful when tax season draws near. So what are these benefits? It builds wealth over time Our parents and their parents before them always believed that owning a house was one of the best financial investments possible, but with the recent housing bubble situation, not a whole lot of people believed in it anymore. So the new generation has to be slowly convinced that owning a home is indeed something that is beneficial – providing that you buy a home that you can afford. Capital Gain Exclusion If you have lived in your house for two of the past five years, you can be exempted up to $250,000 for an individual and $500,000 for a married couple of profit from capital gains. The better news is you don’t need to buy a replacement home or move up. There is no age restriction and the over 55 rule doesn’t apply. You can exclude from the above thresholds every 24 months. What does this mean? This means that you could sell every two years if you want, and pocket your profit (subject of course to limitation), free from taxation. Ka ching! Read The Full Story Here! - http://kennethjohnson.realtytimes.com/advicefromagents1/item/37594-the-benefits-of-owning-your-own-home

Published on 2015-09-28 16:28:25 GMT

WHY HIRING A REALTOR SAVES YOU TIME, MONEY AND STRESS- It would seem that home buyers and home sellers alike have, at one time or another, felt as though they may be able to tackle the process of purchasing or selling their home without the assistance of the realtor. The main purpose behind this is to save on the fee associated with employing a realtor, but in the end, these valiant efforts end in ruin as more time is taken, more costs is incurred, and more stress is involved. Why Hiring a Realtor Saves You Time Time is perhaps our most precious asset amidst today’s busy schedules, hectic lifestyles, and overtaxed workloads. So taking away from your limited free time by painstakingly searching through listing after listing of properties, followed by setting up viewings, does not a happy human make. Alternately, you and your realtor can collectively come up with a list of primary desires you are looking for in a home, and have him or her spearhead your search, narrowing down your options to a fine science of specifically selected homes within your realm of expectations. Why Hiring a Realtor Saves You Money Time is money, so we already have a savings on that front with the aforementioned efforts. Aside from that, and perhaps even more importantly, a realtor has the knowledge necessary to understand fair market pricing, as well as the skills to negotiate on price (down for buying, up for selling), the ability recommend brokers or lending institutions that harness the best rates, and the know-how to manage your paperwork without errors or oversights that you might fall prey to without such extensive knowledge, adding to your error margins and cost within such errors. Read the Full Story Here! - http://johndale.realtytimes.com/advicefromagents1/item/37558-why-hiring-a-realtor-saves-you-time-money-and-stress

Published on 2015-09-24 16:43:30 GMT

HOW TO INCORPORATE YOUR TRAVELS INTO YOUR DECOR WITHOUT CREATING A JUNGLE- If you're a wanderer, you probably have a number of items you've brought back from your travels. A trinket here, a rare antique there, a couple thousands of photographs thrown in, and pretty soon you have quite a collection. The question is how to use them. Display them wrong, and you can create a mess instead of a masterpiece. Follow these tips to best show off your wares. Create a photo gallery Nothing brings back the special moments like photos taken on a jaunt around the world or pieces of art you find along the way. Keep it classy Whenever possible, buy authentic items to display at home, not touristy replicas or tacky souvenirs. And when deciding how to showcase the items, err on judicious side. Vacation displays can quickly go awry if they don't meet the design standard you've already established for your home. Read the Full Story Here! - http://realtytimes.com/consumeradvice/homeownersadvice1/item/37491-20150817-how-to-incorporate-your-travels-into-your-decor-without-creating-a-jungle

Published on 2015-09-21 16:27:08 GMT

7 WAYS TO USE THE HOTTEST MATERIAL AROUND: THE HUMBLE CONCRETE BLOCK- When it comes to cheap chic, wood pallets have been having their day, being transformed into everything from patio furniture to wall coverings. But now it's time for a new super affordable material to shine, and it is! Behold the humble concrete block, and all the cool things you can do with it."Why are cinder blocks so versatile? Perhaps it's the fact that their form is simple, clean-lined and modern," said Decoist. "And their color is a tone of gray that goes with everything. Not to mention, many of these blocks have openings that are perfect for displaying plants and incorporating other materials, such as wooden beams." Concrete blocks, or cinder blocks as they're also known, can be used indoors and out, on their own or in collaboration with other materials, painted or naked, and only cost a buck and change apiece. All it takes is a little imagination, and some upper body strength to carry them to and from the car. Here are a few ideas to get you started. 1. Bed frame Place a layer of concrete blocks under a mattress and you've got a great industrial look for just a few dollars. Paint them whatever color you want or leave them bare, and you can even use the cubby openings for storage. 2. Coffee table A couple of blocks and a wood top—try an old door you pick up at an antique store or garage sale—and you've got a standout table, like this one featured on Remodelista. "Legendary designer and antiques dealer Axel Vervoordt created an informal coffee table with concrete blocks and a slab of wood in this Belgian interior. Read the Full Story Here! - http://realtytimes.com/consumeradvice/homeownersadvice1/item/37490-20150817-7-ways-to-use-the-hottest-material-around-the-humble-concrete-block

Published on 2015-09-17 16:26:21 GMT

BUILDING PERMITS DROP 5.7% IN MARCH, BUT IT’S ALL GOOD- The number of newly issued building permits in March shrank by 5.7% from February, raising the question of whether new construction will fill the housing inventory void this year—but experts said there’s no reason to panic. According to the U.S. Commerce Department, homebuilders were granted a seasonally adjusted 1,039,000 permits in March, down from 1,102,000 in February. Permits are a leading indicator of the health of the new-construction industry. Homebuilders are not building speculative housing—they are waiting for a signed contract and hefty earnest money deposit before applying for a building permit to then start construction. Monthly declines aside, permits are up 2.9% from March 2014 to March 2015, according to the report. Read the Full Story Here! - http://www.realtor.com/news/data-report-new-construction-permits-from-commerce-department/

Published on 2015-09-14 16:25:09 GMT

FANNIE MAE OFFERS FIRST-TIME HOME BUYERS BIG HELP WITH CLOSING COSTS- If you’re a first-time home buyer just entering the market, you’re in for a springtime treat: Fannie Mae will now pay your closing costs, up to 3% of the price of the home—provided you take the mortgage giant’s home-buyer counseling course first. The new HomePath Ready Buyer program, announced on Wednesday, allows first-time buyers (defined as those who have not owned a home in the past three years) to take an online course, get certified, and become eligible for what could amount to significant savings. For instance, on a $150,000 home, Fannie Mae could contribute up to $4,500 toward your closing costs—which typically range from 2.5% to 3% of a home’s price—and even reimburse you for the $75 online course. Read the Full Story Here! - http://www.realtor.com/news/fannie-mae-first-time-home-buyer-closing-costs-help/

Published on 2015-09-10 16:24:56 GMT

SNEAKY HOME BUYING FEES THAT YOU NEVER GET BACK- Well, I couldn’t disagree more. That’s like saying that you are throwing money away buying food because when you eat it, it’s gone. Guess what? There are costs to living. And that includes the roof over your head. There are even home ownership costs you don’t get back. Buying a home is the biggest money decision you will ever make. Don’t take it lightly, and remember that it’s not about playing house. Buying a house you can’t afford can sink you into financial prison, no matter how nice it is. Now, homeownership can be the right thing for you, after all. Just know, though, that nothing in finance is one-size-fits all, especially when it comes to buying versus renting your home. Here are some of the fees that fall under the closing costs umbrella: Read the Full Story Here! - http://www.forbes.com/sites/nicolelapin/2015/04/13/sneaky-home-buying-fees-that-you-never-get-back/

Published on 2015-09-07 16:25:14 GMT

12 TIPS FOR SPRING HOMEBUYING IN A SELLER'S MARKET- Sellers hold most of the cards this spring, so buyers must be ready to move swiftly and play smart. With spring finally here for most of the nation, prospective homebuyers can look at houses and condos without traipsing through snow and ice. Better weather, plus the traditional belief that families search for homes so they can move in between school years, makes spring a major homebuying season in much of the country. “Especially considering this winter, we’re expecting a very busy spring season,” says Daniel Hedaya, president of Platinum Properties in New York City. “We’re already seeing an uptick.” The biggest challenge facing homebuyers in many markets may be finding a home to buy. The inventory of available homes for sale remains low in many cities, especially in certain price ranges. Read the Full Story Here! - http://money.usnews.com/money/personal-finance/articles/2015/04/13/12-tips-for-spring-homebuying-in-a-sellers-market

Published on 2015-09-03 16:18:38 GMT

MORTGAGE APPLICATION RISE POINTS TO MORE HOMEBUYERS- Loan applications to purchase a home rose for the third straight week, but lower interest rates were not enough to spur mortgage refinances. Total mortgage application volume rose 0.4 percent week-to-week on a seasonally adjusted basis for the week ending April 3, according to the Mortgage Bankers Association (MBA). The move was driven entirely by a 7 percent surge in applications by homebuyers. Purchase applications are now 12 percent higher than the same week one year ago "Purchase mortgage application volume last week increased to its highest level since July 2013, spurred on by still low mortgage rates and strengthening housing markets," said Mike Fratantoni, MBA's Chief Economist. Read the Full Story Here! - http://www.cnbc.com/id/102567894

Published on 2015-08-31 16:13:32 GMT

A SUBURBAN PLACE TO CALL THEIR OWN - Members of the millennial generation still want a home in the suburbs. A common misconception in the wake of the Great Recession is that Americans, particularly millennials, hold different preferences regarding homeownership and a desire to live in the suburbs. This stylized argument claims that the declining homeownership rates of recent years is a reflection of an increased desire to rent, particularly in more urban locations. However, this assertion is at odds with recent survey data that indicate that preferences for homeownership and suburban living remain strong. The goal of homeownership, alongside education and owning your own business, remains a key feature of the American Dream. The homeownership rate, for those under age 35 has fallen from 43.1 percent to 35.8 percent from 2004 to 2014, according to Census data. However, this change reflects constraints on housing opportunity rather than a sea change in preferences. Read the Fully Story Here! - http://www.usnews.com/opinion/economic-intelligence/2015/04/08/millennials-still-want-to-own-a-home-in-the-suburbs

Published on 2015-08-27 16:14:05 GMT

MORTGAGE APPLICATION RISE POINTS TO MORE HOMEBUYERS- Loan applications to purchase a home rose for the third straight week, but lower interest rates were not enough to spur mortgage refinances. Total mortgage application volume rose 0.4 percent week-to-week on a seasonally adjusted basis for the week ending April 3, according to the Mortgage Bankers Association (MBA). The move was driven entirely by a 7 percent surge in applications by homebuyers. Purchase applications are now 12 percent higher than the same week one year ago "Purchase mortgage application volume last week increased to its highest level since July 2013, spurred on by still low mortgage rates and strengthening housing markets," said Mike Fratantoni, MBA's Chief Economist. pplications to refinance loans, which made up 57 percent of total volume, fell 3 percent from the previous week and are down 47 percent from a year ago, even though interest rates were 70 basis points higher for a 30-year fixed loan in the same week of 2014. Read the Full Story Here! -http://www.cnbc.com/id/102567894

Published on 2015-08-24 16:15:03 GMT

MORTGAGE APPLICATIONS SURGE ON SPRING DEMAND- Despite volatility in interest rates, mortgage applications moved decidedly higher last week, continuing their strong stride into spring. Total volume increased 4.6 percent sequentially, on a seasonally adjusted basis for the week ending March 27th, according to the Mortgage Bankers Association (MBA). "This week's mortgage application survey falls right into line with recent indications that home sales – new, existing and pending – are on the rise, as is consumer sentiment," said Lynn Fisher, MBA's Vice President of research and economics." Pedestrians pass a sign advertising mortgages at a Citibank branch in New York. Scott Mlyn | CNBC Pedestrians pass a sign advertising mortgages at a Citibank branch in New York. Despite volatility in interest rates, mortgage applications moved decidedly higher last week, continuing their strong stride into spring. Total volume increased 4.6 percent sequentially, on a seasonally adjusted basis for the week ending March 27th, according to the Mortgage Bankers Association (MBA). "This week's mortgage application survey falls right into line with recent indications that home sales – new, existing and pending – are on the rise, as is consumer sentiment," said Lynn Fisher, MBA's Vice President of research and economics." Mortgage applications to purchase a home rose 6 percent week to week and were 8 percent higher than one year ago. Applications to refinance, which are more dependent on interest rate levels, rose 4 percent for the week and are 44 percent higher than they were one year ago Read the Full Story Here! - http://www.cnbc.com/id/102551267