Realtor Pet-Peeves
CBS news has an article today on the 5 things Realtors wish buyers wouldn’t do. Yes, it is broadly generalized, but it’s worth your perusal. In a nutshell, being overly picky, closed-minded, slow to act, or grossly underbidding are all behaviors that Realtors begrudgingly deal with often. More, here.
Read MoreChange in FHA Loan Guidelines
Bankrate has a new article about recent FHA loan guidelines in relation to student loan debt. Government-backed student loans are generally deferred while the student is in school and for 6 months after. The FHA used to exclude student loan debt from borrowers’ DTI (debt-to-income), but that has changed. More, here.
Read MoreStudent Loan Debt Harming Housing Market
Nearly 75% of students paying off student loans are having trouble buying a home. In an article published today, The Washington Post examines the financial insecurity those with student debt feel, and a recent survey that The National Association of Realtors conducted along with the nonprofit American Student Assistance. More, here.
Read MoreMortgage Applications Up Nearly 10% as Rates Fall
Mortgage applications jumped 9.3% last week. Matthew Graham, chief operating officer of Mortgage News Daily, wrote “When rates have been near these three-year lows, we’ve only seen them dip lower briefly — and usually not by that much. That means locking is never a bad idea at current levels.” CNBC has an explanatory article, here.…
Read More[Video] Modifying a Bathroom for Safety
In continuation of the theme from yesterday’s article, a Virginian television station, WAVY, has a short segment on updating a bathroom to accommodate aging homeowners. Replacing the tub with a seat-shower, avoiding trip-hazards, and grab bars placed properly are among the suggested upgrades. Watch, here.
Read MoreGrowing Older at Home
The Wall Street Journal addresses a reader’s question about whether to move in retirement, or remodel their existing home to address the needs of aging inhabitants. The response cites 3 extensive studies to help homeowners live safely and comfortably on their own as they grow older. More, here.
Read MoreTips for Mortgage Shopping
Selena Maranjian has a piece today on The Motley Fool offering tips for mortgage shopping. As we say often in this forum, a mortgage loan is—for most of us—the largest investment we’ll ever make. It is always in our best interest to do the requisite research to protect ourselves, and this article has some good…
Read MoreTop Ten Cities For Millennials
Clare Trapasso has a piece on Realtor.com indexing the best cities for young home-buyers. Austin, TX, Charleston, SC, Denver, CO, Minneapolis, MN, Ogden, UT, Portland, OR, Raleigh, NC, Salt Lake City, UT, Seattle, WA, and Washington, DC, complete the top ten. You can read the article, here.
Read MoreStates With Most Homeowner Mortgage Debt
Chicago’s TV station, WGN, shared an article today on the states where homeowners carry the most mortgage debt. An analysis of data from the Federal Reserve Bank of New York calculated mortgage debt per capita around the country, then ranked States from lowest to highest. You can see the results, here.
Read MoreMortgage Rules To Keep In Mind
The Motley Fool has compiled 5 mortgage rules with which to be familiar. As the largest investment most of us are likely to make, there is little room for error. Check out the article when you have a moment, here.
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