Safer Mortgages Rise From the Ashes of ’08 Financial Crash

Trending Home News Mortgages are safer now than they were 10 years ago. That’s the main effect the 2008-09 financial crisis has had on the mortgage market. The following loan types were popular during the housing boom in the early- to mid-2000s but are unavailable now to most borrowers: Low-doc mortgages allowed borrowers to get loans without documenting income and assets. Interest-only mortgages enabled borrowers to buy houses they otherwise couldn’t afford with an initially low monthly payment. But the loans were the financial equivalent of time bombs: The interest-only period … [Read more...]

There Really IS a Best Month to Sell Your Home!!!

This Just In: Data Says May is the Best Month to Sell Your Home  From "Keeping Current Matters" -  Wednesday May 2nd, 2018  For Sellers, Move-Up Buyers, Pricing   According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home. For the study, ATTOM performed an “analysis of 14.7 million home sales from 2011 to 2017” and found the average seller premium achieved for each month of the year. Below is a breakdown by month: TTOM even went a step further and broke … [Read more...]