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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? The process of buying a new home may sound intimidating. With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee.

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Foreclosures are rising, but it’s not yet alarming

Housing Wire

The impact of tax and insurance liabilities There are some growing concerns stemming from inflation and the rising costs of property taxes and insurance premiums, which may be problematic for some households, particularly older Americans with fixed incomes. With home values across the U.S.

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Say What? Home-Buying Lingo You Should Know

Zillow

Comps : Or comparable sales, are homes in a given area that have sold within the past six months that a real estate agent uses to determine a home's value. Condo insurance : Homeowners insurance that covers personal property and the interior of a condo unit should damage occur.

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What’s Included in Closing Costs?

PennyMac

An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. Some lenders require you set aside a few months of property tax and mortgage payments in an escrow account as part of your closing costs. Property Tax. Transfer Tax.

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The Pros and Cons of Buying a New Home vs. a Resale Home

Eppraisal

Advantages and Disadvantages of New Construction According to Realtor.com, one-third of all homes on the market are new, i.e. recently built with no previous inhabitants. These are the very drivers of their appeal -- no aging, no wear and tear that often diminish home values. Drawbacks exist alongside benefits.

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When is the Right Time for a Reverse Mortgage

Eppraisal

, "There are several kinds of reverse mortgage loans: (1) those insured by the Federal Housing Administration (FHA); (2) proprietary reverse mortgage loans that are not FHA-insured; and (3) single-purpose reverse mortgage loans offered by state and local governments." Department of Housing and Urban Development (HUD)."

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Institutional SFR players are stuck in the doldrums

Housing Wire

And yet another big force in the market, FirstKey Homes , is pulling collateral out of a 2021 securitization deal. If successful in the litigation, Blackbird stands to get a cut of any recoveries for the local governments. “To Post release, the remaining 8,489 properties will collateralize the same debt of $2.06