Skip to content
Trusted Answers From Licensed Business Professionals
MORTGAGES

Managing The Timing For Selling And Purchasing A New Home

By The BIDaWIZ Team on December 14th, 2012 at 4:00 pm

The housing market continues to show signs of life. Many homeowners may now have immediate plans to sell their existing home and purchase a new one in hopes that the value will appreciate significantly in the coming years. It's important to understand when exactly it's safe to purchase a new home. .
-or-
Share |
No Comments
MORTGAGES

How Far In Advance Are You Locking In Your Mortgage Rate?

By The BIDaWIZ Team on November 23rd, 2012 at 4:00 pm

Home buying has begun to increase again as prices have stabilized in many parts of the country. The latest new residential construction report for October 2012 indicated a 3.6% increase year over year, which is the highest in almost four years. This data suggests that more mortgage applications have and will be filed in the coming months. Applicants need to understand the various options to lock-in a mortgage rate. This also applies to those planning on refinancing. Read More.

Share |
No Comments
MORTGAGES

What Should I Do If I Inherit a Property With a Mortgage?

By The BIDaWIZ Team on September 20th, 2012 at 3:00 pm

While the housing market is showing signs of improvement, there are still many homes that are underwater. This can complicate things for those that recently inherited a property. Are the beneficiaries liable for these debts? .
-or-
Share |
No Comments
MORTGAGES

Jumbo Mortgages Are Back in Style

By The BIDaWIZ Team on August 31st, 2012 at 10:00 am
business negotiation tactics

Several major mortgage lenders have reported a significant increase in the number of jumbo loans they are issuing. According to new data compiled in Inside Mortgage Finance, lenders issued more than $38 billion in jumbo loans in the second quarter (June 2012) as compared to $17 billion in the same quarter a year ago. This is quite a change and a return to levels experienced in the early part of 2008, near the beginning of the recession. Read More.

Share |
No Comments
MORTGAGES

Refinancing a Second Home May Not Be As Easy As You Think

By The BIDaWIZ Team on August 20th, 2012 at 8:00 pm

Those lucky enough to have a vacation home or investment property, may be getting anxious to refinance with average 30 year and 15 year mortgage rates at 3.75% and 3.00%, respectively. However, property owners need to aware that lenders typically have a different and stricter set of guidelines when reviewing a refinancing application for a second home. .
-or-
Share |
No Comments
MORTGAGES

Should I Refinance With An Adjustable Rate Mortgage?

By The BIDaWIZ Team on July 18th, 2012 at 10:30 am

Adjustable rate mortgages may seem like a great deal these days with average rates for 1 year ARMs at or near 2.7%. This compares to 30 year and 15 year fixed rate mortgages at 3.6% and 3.0% respectively. Does the extra 30 to 90 basis points in annual interest savings justify the risk of obtaining an adjustable rate mortgage? .
-or-
Share |
No Comments
MORTGAGES

Borrowers Beware of the New Mortgage Credit Score

By The BIDaWIZ Team on July 12th, 2012 at 11:00 pm

Homebuyers are still having difficulty obtaining mortgages as strict lending requirements remain in place. To try to provide greater transparency for lenders, FICO recently released a new mortgage credit score that better captures consumer buying behavior. How will this impact new homebuyers? Read More.

Share |
No Comments
MORTGAGES

Should Seniors Consider Reverse Mortgages?

By The BIDaWIZ Team on July 6th, 2012 at 2:00 pm

Seniors that are 62 or older may be eligible to obtain a reverse mortgage which is a type of home equity loan. There are clear risks with reverse mortgages, but for some, it may provide a financial life line during retirement. .
-or-
Share |
No Comments
MORTGAGES

Why Are Mortgage Rates Still Falling & Should You Refinance?

By The BIDaWIZ Team on May 31st, 2012 at 4:00 pm

Mortgage rates continue to fall with the 30 year term loan dipping to 3.50% and the 15 year near 2.75%. This continued decline likely has many homeowners on the edge of their seats ready to refinance or apply for a mortgage now. But, it is important to understand what are the causes for the falling interest rates and if you are the right candidate for refinancing. Read More.

Share |
No Comments
CREDIT CARDS, MORTGAGES

Do You Need A Cosigner For A Loan?

By The BIDaWIZ Team on May 30th, 2012 at 7:00 pm

Many students and potential homeowners are unable to obtain a loan on their own because they lack a strong credit history. Now more than ever, lenders are risk averse when it comes to issuing loans to new debtors. Is there a way around this common problem? .
-or-
Share |
No Comments