The following information is provided by the Center for REALTOR® Development (CRD). Financing is often the biggest hurdle for second-home buyers and the transaction element of which they are least sure. Here is a quick breakdown of some basics, so that you can help educate your clients. If a second home’s rental income is needed in order to qualify the buyer for a loan, the property and the loan will...
A new initiative in Montgomery County, Md., provides up to $40,000 for home buyers in the form of a zero-interest loan for down payment or closing cost assistance. The program, offered in partnership with the Maryland Department of Housing and Community Development through the Maryland Mortgage Program, will run through Dec. 31 or until all...
Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com: Those With Bachelor’s Degrees More Likely to Own Home, Study Says Trends in Housing: The County That Broke Texas’ 8-Year Streak Buying a New House? 5 Things to Check Before Moving In Thanks to reality TV, you can see people buying houses and flipping them for profit on...
Buying a home for the first time can be complex and daunting, especially in a competitive housing market. A new book, “My First Home: A Step-by-Step Guide to Achieving the Ultimate American Dream,” aims to help first-time buyers navigate the process. Below are five tips from author Shashank Shekhar, a blogger, media source and radio and television personality: Move Quickly In this kind of market, if...