Many families have High School Seniors who graduated and are now leaving for their first year to college. To save money on room and board some of the parents decided to buy a second home for their student to live in and later to use as potential rental.
All posts by Settles Team
Student loans are affecting home buyers
Ever since the mortgage rule changes that went into effect in 2009, a small but ever growing title wave has been building. Individuals who lost their jobs during the downtrend of the market and decided to go back to school to earn a different degree, or updating their personal education, to put them into a better position for a better paying job. They are not only facing an ever tighter job market but also have put themselves financially behind the 8 ball when it comes to being able to qualify for a mortgage.
New rules that go into effect January 21st 2015 that will affect FHA loans
Since the housing crash we have witnessed more and more rule and regulation changes that affect the way loans are written. Making changes and adjustments to current rules, and writing new rules, has not slowed and I don’t see them slowing down anytime soon. The new changes that will go into effect in 2015 will not affect your current FHA loan unless you refinance. Continue reading New rules that go into effect January 21st 2015 that will affect FHA loans
Settles Report for the week of 08/18/2014 – 8/25/2014
Last week had a drop of new listings. Properties that where pending (in escrow), and had been sold in all three Counties, we have been tracking. Continue reading Settles Report for the week of 08/18/2014 – 8/25/2014
New Indianapolis Landlord Registration Will Go Into Effect in 2015
For any Indianapolis Landlord that owns 1 or more rental units, January 1, 2015 has now become an important date to remember.
Continue reading New Indianapolis Landlord Registration Will Go Into Effect in 2015
Facing the financial aftermath of a divorce. Part 2
As indicated in the first part of this blog series, no matter how you twist and turn it, a divorce will never be easy when you have kids, property, investments, and liabilities. Keeping the family home might not be an option.
Continue reading Facing the financial aftermath of a divorce. Part 2
Settles Report for the week of 08/11/2014 – 08/18/2014
Every week we pull information for the Central Indiana real estate market and look at the last week’s market condition for central Indiana. To simplify the process we are pulling the information for three counties that are part of the Central Indiana real estate market.
Continue reading Settles Report for the week of 08/11/2014 – 08/18/2014
Things to consider when buying bank owned homes
There are many very nice bank owned (REO) homes on the market. You need to be aware of several things.
Many times when a home is bank owned (REO) the utilities are not turned on. This could be for several reasons.
Continue reading Things to consider when buying bank owned homes
Getting out of debt starts with a simple budget
Many times when I speak with individuals it is because they want or need to sell their home or they would like to buy a home. During my conversation with them sometimes I find out that some of them are in debt and cannot afford to keep or purchase a home. Continue reading Getting out of debt starts with a simple budget
Can I afford buying a home or do I need to make some changes
Before you even start looking to buy a home you should first find out if you can afford a home. Yes, for many, homeownership is still the ultimate dream but it is not for everybody. Sometimes you have to put your dream on hold until you are able to fulfill this dream.
To find out if you can afford purchasing a home go through the following steps first
Continue reading Can I afford buying a home or do I need to make some changes