Real Estate

Million-Dollar U.S. Housing Loans Surge to Record Level

Banks are handing out mortgages of as much as $10 million to the wealthy in record numbers while first-time homebuyers struggle to get loans. Erin Gorman, managing director at Bank of New York Mellon Corp., said she’s fielding more requests for home loans of at least $2 million than ever before. She recently provided a mortgage of more…

Exposing Some Common Homebuying Myths

If you are a first-time homebuyer, friends and family members may be quick to give advice about the home-purchasing process. As a result, there could be several homebuying myths that may have found refuge in the back of your mind. Unfortunately, that friendly advice can help perpetuate some of the most common homebuying myths —…

Top Five Mortgage Problems When Renting

Owning a house can be a great accomplishment, but if you try and do it too early in your life, you might be faced with mortgage payments that you can’t honor. Here are five reasons to consider renting over owning a home. There’s a lot of pressure on young people to rush right into owning…

What You Should and Shouldn’t Believe in Real Estate

If you just entered the real estate market as a prospective buyer or seller, you’ve probably lost track of all the real estate tips you’ve heard from friends and family. Unfortunately, many of the tips that have been passed onto you by house-hunting TV show addicts won’t be extremely useful in today’s real-world housing market. Much of…

Selling your house? Touch up the Easy Way

So you’ve decided you’re going to put your house up for sale.  Before you take the next big step of listing your house on the market, you may want to consider the possibility of improving the current condition of your house.  Here are some simple, inexpensive ways you can polish up your house before prospective buyers come…