Good article on the benefits on putting down 20% or more on a home purchase. There are many factors that can determine what percentage of a down payment you should put toward your home, but this article lists the benefits of 20% or more. Do not be discouraged if you cannot put 20% down on your home purchase there are still great options for people who cannot afford to put 20% down or their circumstances do not allow for them to do so.
If you are one of the many people who have been foreclosed out of their previous home, you may be able to purchase another home. After a minium of 3 years since the foreclosure, you can be eleigible to receive a mortgage. Read below to determine if you should be eligible.
As Julie Greenwood, Greater Albuquerque Association of Realtors President stated, " These numbers reflect a simple economic premise; when inventories get low, price starts to react". The February 2013 Market Report shows a February average sale price was $203,514 a month over month 9.38% increase from January 2013.
Wikipedia deinfes a short sale as a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens' full amounts, and whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Here are ten misconceptions about Short Sales.