An alternative to a non-conforming loan is the use of a land contract, which is allowed in some states. It’s an agreement between a buyer and a seller, where the buyer agrees to make periodic payments to the seller. The title to the property only transfers to the land contract buyer on fulfillment of the […]
What do all the headlines about the Fed raising interest rates really mean for you and your mortgage rate? Think of it as a fast food chain, if their cost for a burger goes up, then they need to charge a higher price for that burger. This is much the same for the Fed raising […]