10 Tips For Buying An Affordable City Home
June 14, 2016
The big city life attracts many. But the cost to live in a major U.S. city can be quite pricey. Home prices in major cities have been rising steadily over […]
Read More...Lee Nelson
Lee Nelson is a Chicago-based writer whose work has appeared on Realtor.org, Yahoo! Homes, TheMortgageReports.com, and more.
Articles by Lee Nelson
How Can Unmarried Couples or Friends Buy a House Together?
March 22, 2016
With high rents and historically-low mortgage rates, unmarried couples and friends are buying homes together. In fact, MONEY magazine polled 500 millennials about such purchases. 40% think it is a good […]
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Home Buying · Niche Mortgage Products
Some Professions Can Get Half-Priced Homes
March 15, 2016
Just recently, a New York City firefighter bought a $330,000 three-bedroom, one-bathroom townhouse in Queens for half the price — $165,000. “It was a dump, but he can spend some […]
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ARM Loans the Best Choice for Some Homeowners
March 1, 2016
Interest rates are still historically low, making it attractive to get a 30-year fixed loan with payments that never go up or down the entire 360 months. But there are […]
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Companies that Know How to get Condos Approved with FHA
January 14, 2016
It sounds simple. If a condo meets FHA approval, the people who want to buy a unit in the condominium are eligible to apply for an FHA mortgage. If it […]
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High Rents could make Homeownership even more Attractive
January 6, 2016
Skyrocketing rents could soon encourage renters to become owners sooner than they initially planned. “After completing a major demographic study projecting headship and homeownership rates through 2030, we concluded that demand […]
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Will Home Loans Still Exist if Fannie Mae Doesn’t?
December 17, 2015
There has been talk for a long time about combining Fannie Mae and Freddie Mac into one mammoth Government Sponsored Enterprise or GSE or the complete annihilation of both. But would messing […]
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Home Buying · News · Real Estate Market
San Francisco Home Prices Down. Is Your Area Next?
December 3, 2015
Rising home values is a great thing for sellers and for the economy of that particular area. But when prices are skyrocketing, it leaves out a lot of folks who […]
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Is Winter 2015-2016 a Good Time to Buy a House? 62% of Consumers Think So.
November 18, 2015
No one can tell you if it’s a good time for you and your family to buy a house. It’s a very personal choice on timing, on how much to […]
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Do Sub-4% Rates Make You Want to Refinance?
November 12, 2015
Today Freddie Mac reported an average 30-year fixed mortgage rate of 3.98%. That’s up from a recent low of 3.76%. It appears average rates will break the 4% mark when […]
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