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Buy a home with bad credit,Current News,renters

Selling Homes in the East Coast — the Latest Rage in Real Estate!

22 Jan , 2016  

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You don’t have to be a real estate guru to know that the east coast so-called “blue” states over there are all about the real estate, real estate, real estate. Without a doubt, that’s where the market’s cutthroat, and it’s like a game of inches and timing. You strike when the iron’s hot, and you hope for some ROI in the process.

Thankfully, we have some good news for you: the entire national real estate market seems to be looking pretty good, primarily for home sellers, as home prices begin to skyrocket clear across the board –

But Just in Case You’re in One of These States, You Have to See These Numbers

Bear in mind that as a home seller, if you want some ROI for major investments you’ve made to your property and you’re looking to move out, you’ll want to wait until you start seeing these numbers. These are predictions. But as the real estate market continues to flourish as we see here, there’s no doubt that these predictions will shortly become realities. So let’s take a look:

Crazy, Right? Crazy Good!

Call that a touchdown if you will for real estate. This is a clear sign that, slowly but surely, our real estate market’s looking better and better.

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The post Selling Homes in the East Coast — the Latest Rage in Real Estate! appeared first on OWNWITHHOPE.

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Buy a home with bad credit,Current News,renters

The Reverse Mortgage: What Are the Rules and Risks?

21 Jan , 2016  

Oftentimes we hear a lot of big stuff going on in real estate, specifically when it comes to the true American institution, the home mortgage. We’ve seen the mortgage trends. Rising home price predictions in the U.S.? Check. What about those new mortgage rules made into law? Double-check. Given all the news about the real […]

The post The Reverse Mortgage: What Are the Rules and Risks? appeared first on NATIONWIDE PROPERTY VALUES.

The post The Reverse Mortgage: What Are the Rules and Risks? appeared first on The Complete Real Estate Site.

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Buy a home with bad credit,Current News,renters

Top 6 Real Estate Pinterest Profiles and Boards for 2016

21 Jan , 2016  

It’s a fact that we’re a visual species. The most information approaches us by what we see, first and foremost. Even as we read information, we’re seeing that information and understanding it, which is why Pinterest and other social media platforms make such a major impact on many industries as far as marketing and advertising […]

The post Top 6 Real Estate Pinterest Profiles and Boards for 2016 appeared first on The Complete Real Estate Site.

The post Top 6 Real Estate Pinterest Profiles and Boards for 2016 appeared first on NATIONWIDE PROPERTY VALUES.

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Buy a home with bad credit,Current News,renters

The HOPE Program Says You Can Get a Home Zero Down

21 Jan , 2016  

One check of these reviews and the ever-growing social fan base on pages like Facebook and Google+, and you begin to wonder: maybe this H.O.P.E. Program knows what they’re talking about! However, we can understand the skepticism: the real estate market’s cutthroat, what with the growing mortgage trends and the insane home prices skyrocketing like Elon Musk and the SpaceX Program. Perhaps we can get this real estate rocket to land on the barge like they’re planning to do, but make no mistake — H.O.P.E. to Own’s not far from that. Here’s why:

The Fact Is the HOPE Program Doesn’t Have to Claim Anything: theget a home zero down-1 Mortgage Industry Has the Answer:

It’s called the USDA home mortgage. A plan many don’t know about, but many should. To get a home zero down may just be as easy as applying for a USDA home mortgage precisely because this is one of two particular plans where you don’t have to make a down payment — and with down payment averages rising in areas around the nation, that’s great news.

The only other plan out there that allows borrowers to get a home zero down is the VA. Not even the FHA program allows it — typically a 3.5% down payment is customary, and that’s pretty low compared to some of the averages we see. You can imagine that as you discuss your plans with your rent-to-own consultant about the time coming for you to buy the property you’re living in, if you want to save on that down payment, chances are you might want to go with a USDA.

To Get a Home Zero Down, the Main Point Is This:

The USDA home mortgage program will actually lend a loan that could very well be up to the property’s actual appraised value! That’s saying a lot. Forget the down payment. You’re basically golden with the USDA home mortgage. Sign up right now to find out what your options are, and then get in contact with H.O.P.E. today. You never know — the USDA might be right for you. Learn more about the USDA right here.

The post The HOPE Program Says You Can Get a Home Zero Down appeared first on Your Rent-to-Own Consultants.

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Buy a home with bad credit

What Are HOA Fees and How Do You Figure Them Out?

1 Apr , 2015  

This is crucial from an HOA fee standpoint, because we’re dealing with variables. HOA fees are not — and I repeat not — a constant. You’re looking at a type of fee that can vary from time to time based on the current marketplace. Real estate’s fickle just in case some of you may not already know, even when social media’s around to make to make it an easy sale for a home. Hence you might see HOA fees that are just as fickle.

What Are HOA Fees Anyway?

If you’re a property owner, investor or seller, you might already know all about this. For those who are not, it’s actually a pretty simple Post-It on your wall. If you’re thinking of investing in or owning a condoproperty values HOA to then sell units to specific tenants, you may most likely have to pay what’s called a “homeowner’s association fee,” typically referred to as an HOA fee. This applies to many gated communities and neighborhoods as well.

When there’s an association in place governing the culture, if you will, of a particular community, oftentimes that association will instill a fee for anyone wanting to invest, manage and even sell or rent out a certain property to any prospective buyer or tenant. That’s the HOA fee.

HOA Fees Will Change From Time to Time

Sadly, though, these fees may rise (or fall) from time to time. You can stay abreast in the industry and put your best foot forward in front of any trend trying to get a leg up on you by simply looking at for-sale listings out there. Chances are HOA fees will be listed. If not, call the property manager if you’re interested in investing, buying or selling.

You’ll also want to know if any HOA fees are scheduled to skyrocket pretty quickly. Essentially, it’s forecasting. This takes research, but you’ll be adequately prepared like the best meteorologist on staff to foresee the worst of financial storms. The same can go for any special assessments that might end up in place, racking up the price of an HOA fee, so always be prepared for that.

Preparation’s the Name of the Game

This can be factored into rental property expenses, obviously, specifically if you’re a home seller. More importantly, though, HOA fees are important to pay, even though it comes out of your bottom line. That fee guarantees you get a qualified buyer capable of rolling in the revenue for you.

So don’t discount the HOA fee. Don’t be afraid of it either. Just be mindful of it.

 

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Buy a home with bad credit,renters

Why an Extensive Negative Credit History Might NOT Hurt the Homeowner

31 Dec , 2014  

Did I just go against the grain here? Yes, I certainly did. In all the annuls of literary discourse talking about bad credit, zero down homes, rent to own, and real estate in general, one thing does remain to be a constant: you don’t want a negative credit history. Right? Yes, that’s true, but don’t call it quits on getting a home loan or even qualifying for anything else due to your bad credit. It’s not as “bad” as it may seem, and here’s why:

Believe It or Not, But the Simple Fact That You’re a Homeowner Will Make Your Credit Historynegative credit stain “History”

Your history of bad debts will be a stain, yes, but let’s be realistic here. They’re just stains. They can be washed off at some point. Moreover, this is what you have to understand about a negative credit history and how lenders will view it: they’ll put more weight on what you’re currently saddled with versus what you’ve had to face in the past.

That simply means if you have charge-offs on your credit report from perhaps ten years ago, don’t sweat it. Lenders focus on what’s going on with you right now. They’ll look at current accounts. They need the current stuff to accurately gauge just how much or how little of a credit risk you really are.

In fact, the option of selling your home and paying off your bills, or even renting out your home to take care of your debts, proves without a shadow of a doubt that being a homeowner for the most part automatically puts you at the top of the list for home loan approval. Just remember: it’s not about how much owe, it’s about how often and on time you’ve paid consistently.

You at Least Have a Credit History

There is something even worse than bad credit, folks. It’s called “no credit.” So count your lucky stars. A negative credit history will be a minor disadvantage, but an immediate disqualification from everything regarding a home loan, car loan, to even an American Express card, is the result of no credit history for any lender to base a decision on.

How is the lender supposed to know if you’re going to be a risk or not? In a way, it’s even more of a risk going in blind than at least seeing what the possibilities are. After all, a lender has to do business somehow. Seeing that there is at least some credit history will determine a lot.

Don’t Be Too Hard on Yourself

The HOPE Program insists that you keep your head up! Give us a call, and you’ll see what we can do for you. If you don’t believe it, just ask the over 13K people that see it with their own eyes. You can get approved. You can be a homeowner again. You can make your home ownership work for you.

Contact H.O.P.E. to Own today.


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Buy a home with bad credit

3 Grievous Errors to Ending Your Credit Rating Disaster Countdown

23 Dec , 2014  

The new year’s coming. Scary thought. I’m sure many of you will watch the countdown and the proverbial ball drop as the confetti sprays up and noisemakers ring in a sparkly 2015, and undoubtedly you’re all going to be thinking of what kind of New Year’s resolution you should make. Let one of your resolutions be this: fix your credit rating.new year credit repair

Getting Credit Ratings Right Isn’t an Easy Task, Though

This is especially the case if your credit rating’s terrible! Why do those ratings matter? It’s simple. You want to prospect home ownership, don’t you? Why else do you think the H.O.P.E. Program’s around, helping those recover and eliminate as many blemishes as possible?

Owning a home is the premium accomplishment of our age. It’s the American Dream. Getting the keys to the house is equivalent to accepting an Oscar for your role as Batman or Superman, for crying out loud. It’s next to godliness. When you hope to own, you hope for the future. But like I said — it’s not as easy as it looks, because there are some pitfalls for you to watch out for. Three pitfalls, to be exact.

Watch Out for Some Credit Repair Clinics Out There

Credit scores are the stamp of approvals, undoubtedly, so it’s no surprise that there are numerous credit repair companies out there, credit consolidation corporations and other credit watchdogs barking their calls to creditors to stop the calling, remove the balances and get those reports looking spotless. Rest assured: their intentions are good. Some clinics, though, pave the way to Hell with the good intentions, and in the end, the consumer, you, end up suffering even more than you already are.

red wine credit repairWhat you have to understand is that many creditors will do what’s called a “soft delete.” An okay, but “not really” underneath their breath. You see, those credit repair clinics can bark all they want to creditors; but to get them to stop, all creditors would have to do is wipe it clean but then bring them back after the clinic has done the supposed job.

It’s like cleaning a carpet only for the kid to spill red wine all over it again.

The result is a cost to the clinic repeatedly, like an addiction, if you will, because the negative reports on your credit rating keep cropping back up needlessly. Just another expense on your wallet you have to constantly worry about.

Closing Old Accounts Won’t Benefit You Either

Since we’ve got that out of the way, it’s pretty obvious: you can, in fact, repair your credit rating on your own. It will, however, take some dedication on your part. Write goodwill letters to your creditors. Negotiate. Settle. Get the debt eliminated however you can. Pay off your bills on time. You’ll undoubtedly see a transformation to your credit rating —

When you pay those accounts off, though, don’t fall into this trap: closing them out completely. Why? Believe it or not, but a “closed” accountClosed_Sign on your credit score isn’t necessarily a good thing. It can, in fact, be a bad omen to some people reviewing scores for the prospect of homeownership, or even leasing a vehicle. Closed accounts can sometimes mean “written-off” accounts for unpaid debt. Unpaid debt is truly a bad omen when it comes to owning a home, right?

Instead, simply pay off whatever balance and let that account sit there on your credit rating. Don’t do anything to it. You might not use the account anymore for anything, and that’s fine — but why close it down when it looks good on your credit? Leave it on there.

Multiple Credit Card Applications Can Also Leave a Stain on the Carpet

You can bet your financial horses that this form of “window shopping” won’t help you, and it’s unfortunate. Interest rates vary, yes, and you can never know that one credit card account might benefit you better than another, but definitely don’t shop around and compare. It’ll look bad on your credit rating.

This doesn’t, however, apply to mortgages and car loans, as ‘rate shopping’ is allowed, so much so that you can practically apply for as many as 20 mortgages if you want within a month and a half, and the inquiry on your credit report will only show up as one listing. Yes, a simple credit cards credit repairinquiry will affect your credit score, but that one listing is a whole lot better than 20 total on your rating, and you can bet your stars that so much of that will adversely drop your score just a tad.

Typically, revolving credit card accounts count each inquiry as one, so the more you have within a year, the lower your FICO score. Go easy on the credit cards, please.

Keep It Clean

At the end of it all, even when you avoid these errors, you’re going to be a watchdog. Pay close attention to your credit and pay your bills regularly. You might even see errors on your credit report as well, and this is where you, the watchdog, can start barking. Get it fixed. Perhaps it wasn’t on your end that hurt your credit rating. It does happen.

Whatever the case, know this: you’re in charge. You’re the top spot. And your credit rating will swing you to every corner of success as a result. Contact the HOPE Program today to learn more about how to ring in the new year the right way.



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Buy a home with bad credit

5 Steps All Newlyweds Must Make as First-Time Homeowners

22 Dec , 2014  

Breaking into the real estate market can be equated to breaking into just about anything: a bank, the White House, the music industry. It’s difficult. You need to know how to “pick a lock” and get in and out swiftly, or you’ll end up stuck in a waiting game that perhaps could be more agonizing than jail time. Thankfully, though, the real estate market risk we’re talking about really has nothing to do with any criminal activity!

Rather, when you hope to own your first home — particularly as newlyweds — you have one thing to worry about, one thing that no mortgage company would ever ignore. That’s your credit. As a first-time homeowner, you better pay close attention to it.married homeowners

As a Newly Married Couple, You’re Not Alone

One would think that getting to be a first-time homeowner should be easier when buying a house together with your spouse. That’s not always the case. When applying for a mortgage, know this — the company will review the credit history of not just you, or your spouse, but both. And that can get complicated.

What if your spouse generally has bad credit? Even if your credit’s spot-on, that low number can make the difference between signing on the dotted line and having the keys to just getting the ‘no’ and sigh equivalent to that of a dentist disappointed at your numerous cavities. No one likes to hear the words “I’m sorry, but we can’t approve.” It’s almost like a slap in the face. All it takes, potentially, is one blemish on your credit report, and your ability to be a first-time homeowner’s shot down.

You can prepare, though, well before you walk out of the church as man and wife, well before you sign the marriage certificate — even well before you propose or get proposed to — with these five steps.

Step 1: Credit Reports, Credit Reports

Know what your credit score is. As a soon-to-be first-time homeowner, that’s a must. Get that credit score long before you even apply for that loan. The same will go for your soon-to-be spouse. If you can gather those scores and know where the problems are, you can fix them long before you apply for that loan.

credit reportStep 2: Whether You Like It or Not, You’ve Got to Quit Your Habits

It does sound a lot harder to do, doesn’t it? We’re always stuck in our ways. However, bear in mind this important fact: you’re about to get married. Let’s pray you’re not already at this step with the rings on the fingers. The point, though, is that you’re making a big decision. You’ve made the choice to join lives with someone else — finances, home, future, everything — without looking back. This often can result in some lifestyles changing. Without a doubt, one of the lifestyles you may have is the ability to be liberal with your spending and let the debt just pile on while you wait to pay it all back “later.” Don’t wait. Change now. Catch up on your bills. Get a system of payment going. You thought it was difficult to keep up on the credit card payments as a single bachelor/bachelorette? Try doing it married as a first-time homeowner.

Step 3: Get a Credit History

Don’t be afraid to face the possibility of blemishes on your credit report. Why? Because no credit is actually worse than ‘bad credit.’ That’s right. The next step is to simply get some credit going. You need a record to even possibly get approval for a home loan. Yes, that means obtaining a credit card and buying a few things — a candy bar, dinner at Applebee’s, or whatever. Just pay it back immediately. When you pay it back, it shows up on your credit report. bills-loans-creditThis is the stuff mortgage companies will see on your credit report. They’ll see you’re reliable. You pay on time. You’re diligent. If you have no credit history, how can they make a decision?

Step 4: If You Do Have Good Credit, Handle the Loan on Your Own

Your spouse just might have to sit out on that venture, sorry to say — but only if your spouse has crappy credit. Think about the future and let’s not let this be about ownership. The fact is this: you want approval for that home loan, you need to ensure that the credit report is as flawless as possible. If you have to be the one applying for the loan in your own name, do it.

Step 5: Lastly, Look at Some of the Alternatives You Have

It’s not the end of the world if you get a denial for a home loan, people. Your goal of getting your home as a first-time homeowner will be just a bit more difficult, a little more complicated. You do have options. Consider a sub-prime loan, a type of loan that’s a bit more expensive for you marriage lifedue to the increased risk for the lender. For instance: you might face mortgage rates of 7%, which isn’t too bad; however, because you and your spouse have bad credit, you’ll have to pay 9%. Not much of a sacrifice when you think about it, especially when you get to have your very first home.

Prepare for Your Life

This is just the start of what you have to face, and you haven’t even had the chance to worry about whether or not you can handle your spouse snoring at night or the socks left in the bathroom! Or perhaps you have experienced that — in an apartment.

The next step is undoubtedly getting to be a first-time homeowner. In order to get there, though, you have to be prepared. Prepare with these five steps. The H.O.P.E. Program can help. Visit us today! But don’t forget to hang your wedding pictures on the walls of your new house.

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