Will buying a house hurt your credit? Research on how taking out a mortgage impacts your credit score is finally here to answer this age-old question. Your credit score will fall an average of 15 points over a period of four months after buying a house, according to consumer analysis by LendingTree. More specifically, your [...]
Despite financial contingencies, this home buyer may lose their $40,000 good faith deposit due to issues with the builder’s mortgage lender. Can they stop this from happening? Q: I came to your website www.thinkglink.com after reading an article that relates to a problem that I am facing in Florida right now. I signed a sales [...]
Is the tiny house trend a good investment? Benefits and concerns to weigh before investing in the tiny house real estate trend. Is the Tiny House Trend a Good Investment? Open floor plans, urban areas and cool color palettes are still trending, according to a recent report from Fixr, a remodeling, installation, and repair project [...]
When you get a low appraisal in a hot real real estate market, it could kill your deal. But there are a few things you can do before having to lower the list price or kill the deal. Q: I heard Ilyce recently on WBEZ radio. I'm moving to Chicago from Minnesota and was blown [...]
Mortgage rates are on the rise and hurting buyers. Here's what you need to know if you plan to buy a home this year. The worst of all possible confluences for home buyers got a bit worse this week: Mortgage interest rates jumped up again, to the highest level in five years. At the same [...]
Buying a home under the new tax laws can be a daunting task, especially since we still have so little information. Here is what you need to consider before buying. Q: I just read your article on what to expect in the real estate residential market for 2018. I liked your perspective and have a [...]
What is your “forever” home? And, how old will you be when you buy it? Turns out, the magic age to buy forever homes, the home in which you will ostensibly spend the rest of your life, is anytime after you turn 52, according to the 2017 Home Buyer and Seller Generational Trends Report, published [...]
Q: Should I stretch my budget to buy a house? I'm thinking about buying a first house but I'd have to really stretch my budget to afford it. And, to complicate things, I don't plan to stay in this first house more than for five years. Is it worth stretching my budget to buy if I'm [...]
A credit score at the lower end of the range can make it difficult to get a mortgage at today’s competitive interest rates—or to qualify for a mortgage at all. But there are several ways you can help improve your chances of qualifying for a mortgage at the best rates, including building a stronger credit [...]
If you’re relocating to a new city and are unable to travel for showings, you may need to consider buying a home without first seeing it in person. Online images provided by real estate agents can sometimes hide crucial details, so this is a base where caveat emptor, or “buyer beware,” applies. As with any [...]
