What Is a Bridge Loan? A Way to Buy a New Home Before You Sell the Old One
By Lisa Kaplan Gordon Nov 7, 2022 (Getty Images) As the name suggests, bridge loans offer a short-term loan or “bridge” that allows borrowers to purchase new real estate property by using the home they currently own as collateral. A bridge loan is definitely worth considering [...]
Home Prices Would Need to Fall This Much For Buyers to Get a Break
By Clare Trapasso Nov 7, 2022 (Getty Images) Since home prices shot into the stratosphere, many first-time buyers have prayed for them to fall so that they could afford to become homeowners. Their wishes appear to have been granted—and yet, they’re caught in a paradox: Even as prices have [...]
The New Rules on Tapping Home Equity Today—and Some Common Mistakes To Avoid
By Meera Pal Nov 1, 2022 (Getty Images) Homeowners across the country are sitting on a record amount of home equity. Home equity refers to the difference between the current value of a home and how much is still owed on the mortgage. Therefore, if you have [...]
3 Surprising Reasons Home Sales Are Falling Through Today—and How Sellers Can Save the Deal
By Kimberly Dawn Neumann Oct 19, 2022 (Getty Images) For the past few years, anyone who wanted to sell their home was pretty much guaranteed a buyer, but that’s no longer the case. During the height of the COVID-19 pandemic, a seller’s market reigned, where buyers would do [...]
Where Are Budget-Minded Americans Moving? These 10 Surprising Up-and-Coming Real Estate Markets
By Margaret Heidenry Oct 25, 2022 (Getty Images) Forget simple curb appeal. More affordable real estate markets that offer some much-needed relief from soaring prices and punishing inflation are what’s attracting homebuyers this fall. So where are these red-hot real estate destinations? Johnson City, TN (Getty [...]
What Does Mortgage Pre-Approval Mean? A Major Advantage When Buying a Home
By Cathie Ericson Oct 12, 2022 (Getty Images) Getting pre-approved for a mortgage before you make an offer on a house is a smart idea. Why? For one, it can help you get a handle on how much house you can afford. Pre-approval can also help you [...]
