Ray Brown

Copyright © 2016 Eric Tyson and Ray Brown. All rights reserved.When choosing between an adjustable-rate mortgage and a fixed-rate mortgage, many people don't realize that they're making a choice between mortgages on which the interest rate is determined by either short-term or long-term interest rates.What's a short-term versus a long-term interest rate?

Nearly everyone seems to have an opinion about buying a home. People in the real estate business — including agents, lenders, property inspectors, and other related people — endorse homeownership. Of course, why wouldn’t they? Their livelihoods depend upon it! Therein lies one fundamental problem of nearly all home buying books written by people who have a vested interest in convincing their readers to buy a home.

When you’re looking for the right house, it’s good to know the fair market value. This article helps you determine the fair market value of the properties you’re interested in.Believe it or not, houses are like Red Delicious apples. Most houses are green and need more time on the real estate tree before they’re ready to pick.

Good news. It doesn’t matter whether you buy a log cabin, Cape Cod colonial, French provincial, Queen Anne Victorian, or California ranch-style house. You can make money on any property by following three fundamental principles to select the home you buy. As you read the following home-buying guidelines, remember that they’re not hard-and-fast rules — exceptions do exist.

Knowing how you spend your money now on housing and other items is only half the picture. You also need to know how much you’ll spend after buying your next home. Your expected expenses probably are going to change the most when you sell your current house and buy a new home.To help you determine your expenses after you buy a new home, check out these areas: Mortgage payment: Unless you’ve been squirreling away extra savings while living in your current house, the total amount you’re borrowing through your mortgage (and, therefore, your monthly mortgage payment) will probably increase if you trade up.

When you own a home, the odds are extraordinarily high that someday you’ll sell it. People who live their entire lives in their first home are rare. Selling a house is generally somewhat less complicated than buying one. But just because selling a house may be easier than buying one doesn’t mean that most people sell their houses properly.

Each home seller’s personal situation and motivation for selling is unique. The following discussion describes the most common reasons why sellers choose to sell without using an agent. You want to save money on commissions People who take the for sale by owner (FSBO) route often do so to avoid having to pay real estate agent commissions.

As a house seller, you should anticipate tough questions smart home buyers (or their agents) may ask you. Most sellers and their agents are quick to praise property features such as a remodeled kitchen, new roof, and swimming pool. That’s great, but what home buyers really want to know about are benefits — how house features translate into advantages for them.