Buyers want to know: What type of mortgage should I get

There are many different types of mortgages available to home buyers. With such terms as “adjustable rate mortgages,” FHA, VA, USDA and jumbo or conforming loans, it can be confusing for new home buyers to choose a mortgage. To help determine what type of mortgage is best for you, here’s a closer look at different types of mortgage loans: Conventional…

Read More

What does a landlord owe a tenant if the A/C goes out?

Question: We rent out a condo where the association controls the air conditioning and all utilities. Our tenant reported to us that the apartment was without A/C for two days and it was unbearable, so they stayed in a hotel. With the summer heat, I am sure it was sweltering in the apartment. They want me to reimburse them. I…


The top 5 rental scams — and how avoid falling for them

  If you’re looking to rent an apartment, condo or house, rental fraud can turn a search from an exciting time to a negative experience with a scammer who steals your money. Fake Craigslist deals, Zillow listings for properties that don’t exist or phantom landlords who demand deposits before even showing the place are all too common in the digital…


Too few buyers question the need for a 30-year mortgage

NEW YORK – July 17, 2018 – For those looking to buy homes, the most popular way to finance a home purchase is to take out a 30-year mortgage. With mortgage rates having been exceptionally low for years, it has been possible to get extremely attractive monthly payments even on relatively large mortgage loans, and the 30-year term gives homeowners…


Congress floats flood insurance ideas – but passage iffy

WASHINGTON – July 17, 2018 – U.S. lawmakers are struggling to secure passage of a bill that extends the National Flood Insurance Program (NFIP) past its scheduled end on July 31, 2018. However, the path to get there is unclear. NFIP reauthorization could easily get bogged down in red tape as the House and Senate look at different ways to…


Foreclosures down 78% since 2010 peak | Debbie Dawson, RE/MAX Advantage Realty, Trinity, FL 34655

ATTOM Data Solutions’ Midyear 2018 U.S. Foreclosure Market Report found a total of 362,275 U.S. properties with foreclosure filings – default notices, scheduled auctions or bank repossessions – in the first six months of 2018. That number is down 15 percent year-to-year and down 78 percent from its recession-era foreclosure peak in the first six months of 2010. Unlike earlier…


How do I know the seller actually received my offer?

Dear Anne: I called a listing agent the other day to find out if he presented my buyer’s offer and he said, “Yeah, I presented it.” But I don’t believe him. What angers me most is that he doesn’t understand why I’m upset. My buyer feels I’m inept because I have no clue what’s going on with her offer. “I…


Looking for your dream house? Here’s help

Question: We have been having trouble finding our dream home. The few homes we have seen have been snatched up before we could even make up our mind, or the seller has shot us down. We want the perfect home for our family but don’t know what to do! — Amelia and Kelly Answer: We are in the middle of…