Borrower's Outlook
LenderStreet's columnists (that's us over there) join forces with lenders in your area to keep tabs on the mortgage market. Together we offer timely insights toward a positive loan experience.
May
26
2011
Moving day had finally arrived. I was ill; so my body and brain were not functioning at the highest level during this move.
May
11
2011
Although we had signed the papers, picked up the keys, and walked into our own home for the first time, we still could not move in right away. Walls needed repainting, carpets needed cleaning, and lights needed to be added. Likewise, everything needed to be sanitized and the locks changed.
When it comes to housing and mortgages, logic has not been part of the equation for the last 20 or so years.
Why do we have so many homes that are underwater and so many foreclosures? Well, Americans wanted the biggest house they could afford (or thought they could afford); lenders were willing to give out loans like Happy Meal toys; and the combination has produced a system that needs to be fixed.
Apr
29
2011
Nothing compares to the confusion that occurs during the mortgage process, especially if you have never purchased a home. I am a very prepared person when it comes to finances, but even I learned some extremely valuable information.
Apr
25
2011
I already explained how we found our condo. After that, we had to figure out how to pay for it. Yikes!
Apr
18
2011
I understand that finding an agent is usually a word-of-mouth process, but I don’t know anybody who has bought a home in the area recently, so I went to the search engines. I Googled and Binged agents around the Kansas City area until my fingers bled (not really) and either called or emailed every one of them.
Apr
15
2011
When we graduated college and moved to the city, my boyfriend and I believed that renting was the only option. Buying did not even cross our minds.
Read more about our decision to buy a home
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Mar
15
2011
Imagine you’ve had your house up for sale for two years. You bought a new house before you could sell your old home and you’re paying two mortgages. Finally, two prospective buyers come along. One buyer, a first-time homebuyer is waiting for approval on a mortgage loan; the other is a cash buyer.
Which way are you going to go?
Feb
25
2011
Just remember that if you're trading up, make sure it's a move that you can afford. Just like you figured out with your starter home that you were going to be able to afford the mortgage...
Read more about what financial experts have to say on buying your home in today's market.
Sep
15
2010
I’ve written a lot in this space about why the housing market is struggling, but I’ve tried to temper the negative news with this advice because I believe it’s true: It still makes sense for many people to buy a home.
See a list of 10 reasons to buy a home
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Homeownership is unrealistic for many; the reason being most cannot afford the monthly mortgage payment. One of the reasons for the housing crisis was that unrealistic buyers were able to buy and bought houses outside of their means.
It’s become increasingly more difficult to secure a mortgage these days, and there seems to be a shift toward accepting renting instead of rushing into homeownership. However, homeownership still makes sense for a lot of people who can afford it and it’s a buyer’s market. Not only are home prices more affordable than during the housing boom, low interest rates have made owning a home more affordable.
Find out the most affordable places to live
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