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Commercial Mortgages: Why apartment rental rates keep growing
Source: Richmond Times Dispatch --- Martha and the Vandellas probably were not singing about financial markets in their 1965 hit “Nowhere to run ... nowhere to hide,” but the song describes the feeling in the market for just about everyone. The possible exceptions...
Do you really need a real estate attorney? Here’s 3 times it’s worth it, and 4 times where you can skip it
Source: Yahoo --- Buying and selling property comes with a laundry list of expenses — home inspections, appraisals, insurance, property taxes, real estate agent commissions, lawyer costs, and more. These add up fast. Nobody likes spending more than they have to, and...
Black millennials are trying to close the gap in homeownership
Source: AFRO.com --- Millennial buyers are the primary driver of Black homeownership in the U.S. Housing market right now. Many are leaving rental life behind to purchase their first home or investment property in pursuit of having equity and building wealth....
Wells Fargo to pay $94M to settle mortgage forbearance suit
Source: Housing Wire --- Wells Fargo will pay $94 million to settle a class-action lawsuit that argued it sent more than 200,000 mortgage borrowers into forbearance during the pandemic unlawfully and without their consent. The plaintiffs argued that the San...
3 Steps to Stress-Free Home Buying
Source: The Motley Fool --- If you're buying a home, you're making one of the biggest financial commitments of your life. You want to be sure you're in the right place financially to do so -- and that you make smart decisions during the home-buying process. This can...
Adjustable-rate mortgages are on the rise as interest rates soar
Source: Billings Gazette --- As interest rates shoot up, some buyers are turning to a different, and slightly more risky type of mortgage. Adjustable-rate mortgages, known as ARMs, have seen an uptick in popularity recently as home shoppers, eager to avoid soaring...
