There are times when the economy is booming and everyone feels confident about their prospects for the future. As a result, people often times spend more money. People tend to go out to dinner more often, tip heavier, invest in wardrobe updates, maybe buy a new car and… more often than not, buy a new home. If the interest rates are friendly, this is especially true. Then, for many reasons, there are periods of time when companies lay off employees and consumers become much more frugal about … [Read more...]

For most people, changing employers will not impact the ability to qualify for a mortgage loan, especially if you are going to be earning more money. For some homebuyers, however, the effects of changing jobs can spell disaster when it comes to your loan application. Make sure you discuss in great detail with your lender and know ahead of time what implications any change in your employment that might occur during your home buying experience and what its impact could be. Always be armed with the … [Read more...]

When talking with real estate agents, you’ll often find that when they speak to you about buying real estate, they refer to buyer’s purchasing a “home” and the sellers putting their “house” on the market. Why the play on words? The reason is psychological. Buying and selling real estate is one of the most involved and emotional situations a person can ever be in. Unless it’s simply for investment purposes, in which case many of these types never even see the homes they buy to fix and flip, it’s … [Read more...]