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Opinion: How did homeowners get into home equity prison?

Housing Wire

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. How could they ever justify walking away from a loan with this low of an interest rate ?

Equity 419
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Benefits of Investing in New Construction Real Estate

Norada Real Estate

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. In short, they are considered brand new.

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Things Builders Should Know About Spec Home Loans

Realty Biz

From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Development financing for larger new construction projects and alternative financing approaches should also be considered.

Loans 108
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How to Get a Land Loan to Build a House

RIS Media

Are you wondering how land loans work? Getting a loan for land is a smart move, especially when you will not be constructing your home right away. Let’s take a look at everything you need to know about acquiring a land loan, so your financing is an easy, carefree process. Where Do You Get Your Loan?

Land 126
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Lawrence Yun’s Real Estate Market Forecast (and why he called out the Fed)

Broke Agent Media

Lawrence Yun, NAR’s Chief Economist, took to the stage to discuss the current real estate market, and what he forecasts for the residential and commercial real estate markets. Aggressive rate hikes have hurt both regional banks and the housing market, Yun explained, and inflation is starting to calm, even while rent prices remain high.

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Why an Economic Downturn Represents the Best Time to Invest in Real Estate

The Close

Distressed properties include homes that have been neglected for years, have fire or flood damage, and bank-owned homes with no plumbing (because the copper was stolen). Here’s why: Fewer Financing Options Graph via Federal Reserve Bank of St. Since then, new construction has continued to trail behind demand.

Investor 116
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Buying New Construction for the First Time? Here Are the Dos and Don’ts You’ll Need to Know Before Jumping In

HomeLight

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. However, you want to arm yourself with the tools and insider information so you don’t get too carried away with the new build. The dos of buying new construction.