A combination of strong demand, low inventory of existing homes, and constraints on new construction due to labor and supply shortages have se…
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Q: We live in a west coast Florida beach town. We applied for a cash out refinance in June 2021, so that we could consolidate our finances and pay off our mortgage on a long-held home in the north.
Just as the weather has started to cool, it seems housing has started to chill as well.
With prices rising so rapidly, some observers fear that houses are overvalued and that if the bubble bursts, the economy could see a prolonged…
Q: I divorced my husband two years ago. He signed a quitclaim deed giving me the house. There is a loan on the home, but my name was never on the loan.
Less likely to be tied down by family and mortgages, young people tend to be more mobile than their older counterparts. Cheaper cities where p…
Pent-up demand from the pandemic, low interest rates, and a shortage of properties have created a booming housing market with near record leve…
Q: I inherited 20% of a home with a mortgage. The person who owns 80% wants to keep the house. How do we divide the property? Should I get 20% of the appraised value or 20% of the equity of a house? There are enough other assets in the estate to pay me either way.
When COVID-19 hit America and sent people fleeing from small apartments in the biggest cities, it immediately propelled rent and home prices i…
Q: The way the real estate market is going, if my husband and I sell our house, we will more than likely sell high and be buying high, making it a “wash.” I know that no one can predict the future, but if we are buying high this year, do you think that we will get our money back on the “new” house in 8 to 10 years?
Q: I sold a house and paid off my mortgage. I received a satisfaction letter but no return of my original note from my big box servicer lender. I called several weeks later to request the return of the promissory note and was informed it is not their policy to return notes. How can I get my note back from these thieves?
Mortgage interest rates are hitting historic lows. In order to take advantage of them, make sure your credit score is in order. Source by: Stringr
Selling your house and buying another home at the same time is the ultimate feat in multitasking. Here are some strategies to make it come together.
Selling your house and buying another home at the same time is the ultimate feat in multitasking, and it comes with a tricky timing challenge. If you have a mortgage…
Here are housing trends to watch for in the final months of the year. Also, check out more of the week's best money reads from the experts.
In this series, NerdWallet interviews people about their journey to tame debt. Responses have been edited for length and clarity. As a former zookeeper, Steffa Mantilla promises she didn’t use…
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a new segment we’re calling Buzzwords, where we discuss terms you’ve probably…
When the COVID-19 pandemic reached the U.S. in 2020, the public health crisis was accompanied by an economic disaster as well. For many, one of the biggest worries was housing, with homeowners concerned about falling behind on mortgage payments.
What could the President's affordable housing plan mean for you and your family? A discussion with Natalie Campisi, Mortgage and Housing Analy…
Everyone deserves a stable, affordable place to live. But the unfortunate truth is that discrimination in housing has prevented some vulnerable groups from achieving this cornerstone of the American Dream. The good news is that there are laws in place to protect people from being discriminated against when securing housing. One of the most important […]
Despite high demand in both home purchases and mortgage refinancing, many lenders have tightened up their borrowing standards due to the economic uncertainty of the pandemic, and hopeful loan applicants may find it hard to get approved.
Understanding what happens to your debt when you die is an important part of estate planning—and you don’t have to be rich to have an estate. Everything you own and owe makes up your estate. For many people, that includes a house with a mortgage. The median housing-related debt of a 65- to 74-year-old borrower […]
As a borrower, waiting for closing can feel like agony—especially if you’re trying to close on a house and you’re ready to move, or if you urgently need the savings a refinance will give you. Throughout most of the closing process, you’re waiting on other people, and you often don’t know how far along they […]
If you’ve ever thought about investing in rental property, now may be a good time.
With interest rates lower than they’ve been in years, many consumers are looking to buy a home or refinance their student loans. So, is there any reason why you can’t do both?