Thinking About Using Your Home as Collateral on a Loan? Here’s what You Need to Know
By Kathleen Willcox Aug 2, 2023 (Getty Images) In today’s roiling economy, fluctuating interest rates and inflation are leaving many people in a cash crunch. So it’s little wonder that some people are turning to personal or business loans to see them through tough times. And for many [...]
A Floating Home Made Out of What?! Whimsical Sausalito House on the Water Is Listed for $730k
By Tiffani Sherman Aug 14, 2023 (Realtor.com) Take a look at this floating home in Sausalito, CA. You’d probably never guess what it used to be. “It was a World War II landing craft,” explains listing agent Michele Affronte, with Engel & Völkers Sausalito. “In Sausalito, during the war, they [...]
Majority of Americans Believe It’s a Bad Time To Buy a Home, Says Fannie Mae. Here’s Why It May Not Get Better Anytime Soon
By Aarthi Swaminathan Aug 8, 2023 (Getty Images) With the 30-year in the 7% range and home prices continuing to rise, the typical home buyer is feeling quite miserable about the prospect of buying a home. Some 82% of consumers said that it was a “bad time to buy [...]
Sellers, Beware: Don’t Let a Property Line Dispute (You May Not Be Aware Of) Derail Your Sale
By Lisa Marie Conklin Aug 3, 2023 (Getty Images) You might have the prettiest and most desirable home in the neighborhood. But if you’re dealing with a known (or unknown) property line dispute, it could scare off buyers who want to avoid dealing with sticky boundary—and [...]
What Is Negative Equity-and What Happens If You Get Underwater on Your Mortgage?
By Sally Jones Jul 31, 2023 (Photo-Illustration by Realtor.com; Source: Getty Images) Buying a home is the first step to building a sweet financial nest egg. The next step is to grow what’s known as your home equity. Home equity is the difference between the home’s [...]
Want To Buy a New Home and Keep Your Current Low Interest Rate? Try ‘Porting’ Your Mortgage
By Larissa Runkle Jul 25, 2023 (Getty Images) High interest rates are one of the most significant hurdles buyers face when jumping into the housing market right now. As anyone who purchased a home in the last few years knows, interest rates have more than doubled [...]
