5 first-time homebuyer tips to know before house hunting

Buying a house is probably the biggest single purchase you will ever make in your lifetime, so it’s no wonder most people also find it to be a stressful experience. Making the final decision on a house shouldn’t be taken lightly, as it is something that will affect you for the rest of your life. It’s important that you understand every step …

Do you really understand your client’s credit score?

First-time homebuyers look to agents to fill in knowledge gaps. Although you’ll likely be sending buyers to a lender, it’s good to understand and be able to explain the terms. Especially if they tell you a number or hand you a credit report and think they’re set. Chances are, most don’t know that consumer credit scores are not a measure of true homebuying power …

5 good reasons not to freak out over higher interest rates

One of strongest drivers of demand in today’s housing markets is buyers’ fear that interest rates will rise, and they will never again see rates as low as they are today. That’s one reason the first-time buyer volume of government-guaranteed mortgages, low down payment loans such as FHA and Freddie Mac’s Home Possible Advantage program surged 18 percent in April, according to the American Enterprise Institute …

Beware of Connect Credit Report and Score from Experian

Most real estate professionals want to be well-informed in all elements of the home purchasing process so they can do the best job serving potential homebuyers …

Why the FICO score desperately needs a makeover

It matters to you how much interest you pay when getting yourself a mortgage, but do you care how much your clients pay in interest cost when they’re buying a home? The truth is, as long they qualify for a loan, you probably don’t care …

17 things for the wanna-be real estate investor to consider

Investing in real estate properties can provide excellent returns as well as stable earnings for those who prefer that. But, it’s important to remember that successful investing is much easier said than done. Here are some things that you should consid…

Point gives homeowners cash for share of their home equity

Homeowners who want to access the equity in their homes but fail to qualify for traditional solutions like home equity lines of credit (HELOCs) have a new solution in Point, a technology startup that gives borrowers cash in exchange for a share of thei…

A peek at 2016 — straight from the NAR convention

Two hot topics at every National Association of Realtors convention are the economic update as well as the latest tech tools and trends. In sales, 2016 promises to be a banner year, but economic challenges still abound …

Are FHA loans being underutilized?

Earlier this year, the Federal Housing Administration (FHA) announced a significant reduction in its mortgage insurance premiums (MIP) for new borrowers. Many hoped that this reduction would spur more home sales, particularly for first-time homebuyers …

4 steps you should never skip when screening potential tenants

A landlord’s worst nightmare is a tenant that he or she has to evict; it’s a costly and drawn out process with limited upside. Troublesome tenants are a headache best avoided, and the easiest way to do that is to key in on the most important steps of y…