Thursday, September 01, 2005

Home sales riding wave of debt

Home sales riding wave of debt: "Of the 19 metropolitan areas in the United States with the greatest rise in the cost of buying a home since 2000, 18 were in California -- no surprise to anyone in Los Angeles. But here's a shocker: Despite this remarkable run-up in prices to unprecedented levels, homeownership rates in the state are also at their highest level in at least 45 years. What's more, an impressively large number of young California adults are still managing to buy
homes. "
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There is more to loans than interest rates

Sun Herald - 08/31/05: "It happened again, another caller asking for an interest rate quote. They didn't realize the danger of considering only the interest rate on a commercial real estate construction loan. As I explained to the caller, there are other, equally important aspects to think about when considering a commercial real estate construction loan, including:"
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Interest-only mortgages, are they worth the risk?

Northwest Herald - Online: "When Joe and Cindy LaVarra bought a new house in McHenry early this year, they decided against a conventional 15- or 30-year loan.
Instead, they opted for financing that has grown in popularity an interest-only mortgage.
'Instead of paying interest on the principal, we felt we could do better with the money saved by putting it elsewhere,' Joe LaVarra said."
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Frequently asked questions about home inspections

Macon Telegraph | 08/28/2005 | Frequently asked questions about home inspections: "What is a home inspection?
A home inspection is an objective visual examination of the physical structure and systems of a home, from roof to foundation. When problems or symptoms of problems are found, the inspector may recommend further evaluation or remedies.
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Home inspection service can ease buyer's mind

DesMoinesRegister.com: "When buying a home, having an inspection by a professional can save grief later on.

Home inspectors generally walk through with the home buyer and point out potential problems. Some of the major things an inspection includes are determining the condition of the roof and checking the attic, inspecting the condition of the foundation and looking at the heating and air conditioning systems."
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