Articles by Dan Green - Page 13

As the dollar slides against the world's currencies, foreign national buyers are flocking to U.S. housing market for second homes and investment properties. Looking at the graph, it's not hard to see why. Since September 2007, a European's cost to buy a $300,000 property in the United States has fallen...

During the first few years with an amortizing home loan (i.e. principal + interest), homeowners often feel like their entire monthly payment is going towards interest. Well, not all of it goes towards interest, the graph tells us. Just most of it. If you're in the early years of mortgage,...

When mortgage rates fell in early-January, it breathed life into a huge swath of loan officers that were getting ready to leave the business. It's a terrible turn of events for homeowners and homebuyers. With everyone focused on rate, rate, rate, the lowest-of-the-low loan officers are in their natural habitat....

When buyers and sellers look for common negotiating grounds, it's common for the buyer to request home improvements to be made prior to the sale. The request may be phrased in any number of ways: "The hardwood floors are warped and we think the seller should pay for it." "There...

A favorite mortgage myth of mine is some variation of: You can't buy a home without a 20 percent downpayment. Let's address why this is false, using history as a guide. It all started 50 years ago when real estate information didn't move as freely as it does today. There...

MSN Money recently ran an article stating that interest only loans are bad choices for most borrowers. The headline ran as "Interest-only loans: not magic, usually not smart". Then, the next line: The last interest-only mortgage craze ended with a wave of foreclosures in the Great Depression. Today's interest-only ARMs...