Category Archives: Financing

Real Estate Terms

Affordability Analysis: An analysis of a buyer?s ability to afford the purchase of a home. Reviews income, liabilities and available funds. Considers the type of mortgage you plan to use, the area where you want to purchase a home and the probable closing costs. Amortization: The gradual repayment of a mortgage through monthly (e.g. installment) [...]
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Economic Forecast

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Need to know mortgage basics for the first time home buyer

Even if you’re not thinking of purchasing a home right now, it’s important to know the basics of a mortgage. We want everyone to be well educated on the process of home buying without having to take a college course. These 5 steps will help you immensely while trying to learn the ins and outs [...]
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“Home Sales Have A Little More Spring In Their Step”…

Take a look at this article written by Wells Fargo economists about the housing market rise: HousingWrapUp
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“Stunned Home Buyers”……

http://online.wsj.com/article/SB10001424052702304723304577366294046658820.html?KEYWORDS=stunned+home+buyer It looks like the market is on a steady rise! Not only is the housing market rising but it is also heating up. The theory that bidding wars are long gone has been recently put to an end. According to an article that the Wall Street Journal posted today it says that “ the bidding [...]
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Home Buyers, Get Ready!

The Buyer Ready Program through Cunningham & Company would be for potential home buyers who do not have a home for sale (meaning no contingencies). Why Buyer Ready? 1) Mortgage Credit Approval takes place as the homebuyer is looking for their new home 2) Strengthens the Buyer’s negotiating position with the seller (issue a loan [...]
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