Pedro's blog

It will be very difficult for a buyer, to get a fair price deal in a seller's market, just like The United States of America. Whatever you and your realtor’s negotiating style may be, it may not be enough here where inventory is low, and demand and prices are high.

If you have a short credit history and for that reason you can’t have a good 3 digit credit score, do you’ve any chance of getting a mortgage loan? I don’t think so. But there is a chance, if you have that patience and diligence to build a good credit history from the beginning.

Lenders don't neglect your loan application, whether you are married or divorced. Unfortunately, if you become a widow, even then they can't ignore your application for this reason. But your marital status has a big effect on your ability to qualify for a loan. If your spouse has low credit score or outstanding debts, it could damage your chances to qualify for a mortgage loan. If you're divorced and paying the alimony to your ex, the lender can reduce the loan amount for the reason.

Despite of the terrible housing bubble, the young generation is still interested in becoming homeowners. Right now, 70% of the young people want to get a house within the next 2-3 years, and nearly 90% expect to do so in the near future.

Every individual businessman would like to close their commercial real estate or apartment loan easily and quickly. It would give them great relief as a commercial loan consists of high-interest rate and numerous legal aspects. But, it’s not as easy as it seems. We’ve to know the biggest difference between a commercial loan that closes like a piece of cake, and one that is dragging you to several more years, with more and more document request coming from the underwriter.

When it comes to saving for your retirement investing, there are several people who understand the basic concept of investment. Practically, it’s good to initiate retirement fund investing as soon as possible and use your employer's 401(k) along with individual retirement accounts (IRAs) as best as you can. However, many individuals have a query if there is something else where they can put their funds to diversify their source of income in retirement.

As a good citizen, you may have established a decent credit score worthy enough for getting approved for the best interest rates on a car loan, home loan, or credit card. Many years later let’s say, you’ve successfully paid off your secured loans and started paying off all your credit cards regularly. But, is it still important to maintain your credit score in a good condition when you’re about to step into retirement?

The first-time homebuyers often have a problem regarding the down payment matter. They’ve some misconceptions about down payments, which may create several obstacles while getting easy mortgage loans.

We all know that credit card debt is considered “bad” due to its high-interest rates. On the other hand, mortgage seems to be the “good” option for its variable interest rates. But it’s hard to assume which option will be good for you and which one isn’t worthy. In fact, without thinking about the future, some individuals are deliberately refinancing their home. They’re using the money, taken out as a mortgage loan, in order to pay off their credit card debts.

If you think a bank or a lender will approve your loan application as soon as you send it to them, then you are probably mistaken. Unfortunately, those days are over for us now. Today, lenders want to see enough funds in your bank account as savings before they approve the loan for your first home. So, if you want to have the keys of your dream home in your hand, where you can live your life and fulfill your colorful dreams, you need to gather a big amount towards the downpayment. Buying a house with a mortgage can't be possible without patience and proper saving habit.