So picture this. You found your dream home, your offer is accepted, your target closing date is set, everything is packed, and you’re ready to move in. Then, BAM – you find out something has come up that will delay your closing. Or worse – cancel it.
So you’re on the hunt for a new home. What should you do first? You’ve heard you should get pre-approved or pre-qualified, but which is it? Is there a difference? If you’ve ever been confused by the two, you’re not alone. Many people are under the assumption that the two options are the same, but, in fact, there are major differences between the two. Here’s the breakdown…
As you’ve probably heard by now, California is in the midst of one of its most historic droughts. With Governor Jerry Brown ordering mandatory water restrictions for the first time in the state’s history – it’s nearly impossible to keep a lawn green. So, is brown the new green? For those of you who aren’t ready to give up your field of green, check out these grass substitute options.
With student loans and credit debt at an all-time high, many first-time home buyers wonder if they’ll ever accumulate enough money to meet their down payment. Fortunately, there are ways for cash-strapped borrowers to bridge the gap. Here are some options to consider:
The U.S. Department of Housing and Urban Development (HUD) recently announced they will make significant changes to the FHA’s Distressed Asset Stabilization Program (DASP). DASP helps to sell mortgages in danger of foreclosure to qualified bidders and encourages loan servicers to work with borrowers to bring the loan out of default.