7 Considerations When Contemplating Renting Your Home Instead of Selling It
After a failed attempt to sell his home with a local realtor, a seller came to me and asked me to rent his home for him. Understanding my client’s goals and motivation to move as well as their risk tolerance and general understanding of the market are extremely important to me in an effort to [...]
203k Loans Make Purchasing a Home Within Reach for Many
 In partnership with state and local housing agencies and nonprofit organizations, many lenders offer a loan program called the 203K, to rehabilitate properties. It is Housing and Urban Development’s (HUD) commitment to increase homeownership and promote, restore and preserve the existing housing supply.
When a buyer wants to purchase a home in need of repair or updating, [...]
Jumbo Loans Stifle the Market Recovery
Jumbo loans - loans between $417,000 and $729,500 are adversely affecting the housing market. Lenders have maintained a higher interest rate than has previously been the case.
These loan programs enjoy higher interest rates, higher down payments, very high credit scores and are taking people out of the market, leaving people selling these homes with longer [...]
