Financing & Credit Archive

Is $600 for Staging Worth It? A Report Says Yes

How much sellers spend to stage their home will vary by where they are and what they have done, but generally speaking they can expect to pay $500-$600 for a few hours for a pre-photo shoot styling session and...

Largest Source of Mortgage Funds in U.S. Tries to Help Homebuyers Struggling With Student Debt

Fannie Mae has come to recognize the problem people are facing when they’d like to buy a house but they’re hemmed in by tens of thousands of dollars of student loan debt. First, in calculating loan applicant’s debt-to-income ratio,...

What to Know About Selling a Home With a Reverse Mortgage

By Greg Geilman It’s difficult to understand how a reverse mortgage works and how selling a home with one differs from the standard procedure. The truth is that it’s very similar; the major difference is the way the lender...
June 5, 2017

3 Actions to Take After You Receive a Bogus Email

You may recall a previous post about Sue Dietz, an Iowa real estate agent whose identity was being used by scammers to send fraudulent emails to other real estate professionals all over the country. The emails, which were sent...
March 16, 2017

Money’s Available to Buy But Many Renters Don’t Know It

Millions of households are mortgage-ready but don’t try to buy because they can’t come up with a downpayment. And yet, hundreds of downpayment assistance programs around the country are available and go largely untapped. To be sure, many households...

Webcast Recording: Using a Reverse Mortgage to Buy a Home

REALTOR® Magazine recently hosted a live webcast about how reverse mortgages, also known as home equity conversion mortgages (HECMs), can be used to help seniors finance the purchase of a home in addition to their traditional purpose of enabling...
February 24, 2017

Local REALTOR® Leader Has Been Dealing With a Nightmare Email Scam for a Year

  Wire fraud schemes have been a hot topic in the real estate industry lately. But one real estate pro says she’s been caught up in a different kind of nightmarish scam — one that victims can do virtually...
February 16, 2017

Should Your Older Clients Buy a House Without Having to Make Monthly Payments?

The retirement boom is on for baby boomers so expect a lot of downsizing in the years ahead as older homeowners replace their suburban house with a condo. Now, how do you respond if you have clients who want...
February 2, 2017

Live Webcast: Using a Reverse Mortgage to Buy a Home

Note: This event has already occurred. Watch a recording of it. Reverse mortgages, also known as home equity conversion mortgages (HECMs), can be used to help seniors finance the purchase of a home in addition to their traditional purpose...
January 12, 2017

Important Tax Provisions Still Available for 2016 Tax Year

The following status update on mortgage debt cancellation relief, an important federal tax issue for homeowners, is written by Jon Boughtin of NAR Media. The 114th Congress recessed in early December without completing work on a so-called “tax extenders”...