Homeownership more affordable than renting in major metros

Homeownership more affordable than renting in major metros
After years of home price declines and tightening rental markets, homeownership is now more affordable than renting in all but two of the 100 largest metros…

 

 

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Homeownership can translate into tax savings

Homeownership can translate into tax savings
Owning a home can provide some significant advantages when it’s time to file a federal tax return.  From green energy credits to deductions for damage from natural disaster, there are a number of items homeowners may be able to claim that could reduce a tax bill…

 

 

 

 

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Websites help home buyers, renters hone their searches

Websites help home buyers, renters hone their searches
Among new Internet-based real estate ventures to pop up in recent months is one that enables house hunters to simultaneously search for just about every lifestyle criteria imaginable. Another protects would-be tenants from unwittingly renting from a struggling owner in the midst of a foreclosure…

 

 

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Sales contracts for U.S. homes up 2 percent in January

Sales contracts for U.S. homes up 2 percent in January
The NATIONAL ASSOCIATION OF REALTORS® said recently that its index of sales agreements rose 2 percent last month to a reading of 97. That’s the highest reading since April 2010…

 

 

 

 

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Points lose favor

Points lose favor
With interest rates at or near record lows, many borrowers are seeing little reason to pay points when buying or refinancing a home. Some are even opting for what’s known as “negative points,” agreeing to a slightly higher rate to help pay closing costs…

 

 

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The tax benefits of refinancing

Consumers and specially people that are trying to buy, rent, or refinance their homes; save their homes from foreclosure; or sell their properties might hear some different stories and feel differently about the news and how they might be affected by it. Here is an interesting article worth a few minutes of your time:

SmartMoney
The tax benefits of refinancing
Many people refinanced their mortgages in 2011 to take advantage of historically low interest rates. Now, it’s important that these borrowers claim all the rightful deductions on their 2011 returns…

 

 

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A fixed rate alternative

A fixed rate alternative
With interest rates at historically low levels, many borrowers are finding value with a reliable fixed-rate mortgage. However, borrowers who think they could be relocating in the near future, or need to shore up savings, might want to consider what some regard as the next best thing: An adjustable-rate mortgage that offers several years at a fixed interest rate…

http://www.FrankMoham.com/

http://www.FrankMoham.info/

http://actvra.in/wRG

 

 

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Buffett: I’d Buy Couple Hundred Thousand Homes

Buying a home is a massive decision and includes multiple, long-term financial and lifestyle obligations. The average person spends around 1/3 of their income on their home. You’ll still need to do the work to make sure your personal finances and holistic life picture are also in alignment before you buy, as well of the work it takes to ensure that your real estate and mortgage decisions are sustainable and smart, over the long-term. A good Buyer’s Agent is invaluable to a Buyer, and can be the difference between a wonderful transaction, and a nightmare. Here is an interesting article worth a few minutes of your time:

Buffett: I’d Buy Couple Hundred Thousand Homes

Warren Buffett, CEO of Berkshire Hathaway, said on CNBC’s “Squawk Box” that buying single-family homes is such a great investment right now, if it were practical, he’d buy a couple hundred thousand of them,Watch the interview …

 

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