Tag Archives: mortgage

Selling an Underwater Mortgage

Posted on January 18, 2012 by Realty Executives

If you put less than 15% down on a recent purchase, there’s a good chance that you owe more than your property’s current value. It’s a tough spot to be in—and tougher if you want to sell. But despite the … Continue reading →

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The Importance of Good Credit

Posted on December 15, 2011 by Realty Executives

Many homebuyers think of credit as just a barrier to a loan. While that’s certainly a big part of the story, poor credit has a dramatic effect on the amount of house you can afford. Even if you’re approved for … Continue reading →

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Sell or Renovate?

Posted on December 14, 2011 by Realty Executives

You’re squeezed for room but squeezed for cash. You might have a baby on the way, a new home-based business that needs an office, or maybe you’ve always dreamed of having pool parties in the summer. Life happens, and sometimes … Continue reading →

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Should You Refinance?

Posted on November 18, 2011 by Realty Executives

Despite recurring indicators to the contrary, interest rates remain near all-time lows. It’s impossible to avoid the constant press of ads encouraging you to take advantage of these rates by refinancing your home loan, and the math seems simple. A … Continue reading →

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Should you Stay or Should You Go: Answer This Before You Walk Away

Posted on October 21, 2011 by Realty Executives

Before you decide whether to try for a short sale or walk away and face a full foreclosure, ask yourself if you really want to leave the home at all. You might wind up saving your time, your credit, and possibly even a lot of money. Your situation will always be unique, but answering one quick question will help you decide how to proceed when your mortgage is causing problems.

Why did you buy?

This is the single most important question you can ask when facing a property loss, because it sets the tone for everything that comes next. Did you hope for a quick flip to cash in on rising prices or home improvements? Was it a long-term investment designed to provide income and stability decades down the road? Or was this a primary home for yourself and your family? Continue reading →

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