Housingdemand

Three Ways to Avoid Getting Outbid on Your New Home

Posted By Gibran Nicholas 0 comments June 04, 2014

Bidding for a new home can get pretty fierce in today's market. Here are three potential solutions to avoid getting outbid on your new home: ...


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Appraisal2

How to Understand Your Home Appraisal

Posted By Gibran Nicholas 0 comments February 28, 2014

A home appraisal is an estimate of your home's value.  It's simply a professional appraiser's opinion of what he/she thinks your home may be worth. Why Do Appraisals Matter? Mortgage lenders base your loan amount on the LESSER of the appraised value or the purchase price. Here's an example: You sign a contract for a $200,000 home with a $10,000 (5%) down payment.  Your loan amount in this case would be $190,000 (95% of the purchase price). The appraisal comes bac...


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Boyemotion

Five Risks to Consider Before Investing in Real Estate

Posted By Gibran Nicholas 0 comments February 04, 2014

Here are five of the most common risks associated with investing in real estate:...


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Housingaffordability

Four Questions to Ask Before Choosing a Mortgage or Buying a Home

Posted By Gibran Nicholas 0 comments February 04, 2014

These four questions can help you make smarter mortgage and housing choices:...


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Boywithcalculator

Four Reasons Why Buyers Should Consider Seller-Paid Points

Posted By Gibran Nicholas 0 comments January 15, 2014

"Seller-paid points" are where the seller pays points to reduce the interest rate on your mortgage. Consider a home where the list price is $300,000 and the seller is willing to accept a bottom line of $291,000. If the seller reduces the price by $9,000, you would be able to purchase the home for $291,000. Both you and the seller would be happy. However, what if you purchase the home for $300,000 and ask the seller to contribute $9,000 toward your closing costs?...


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HomeQB is the official housing and mortgage blog of CMPS Institute. CMPS Institute is a national organization that certifies mortgage bankers and brokers. Our mission is to help homeowners and homebuyers improve their lives by using the right mortgage strategies.

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Three Ways to Avoid Getting Outbid on Your New Home

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Summer 2014 Guide to House Prices

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Spring 2014 Guide to Mortgage Rates

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