Article of the Day: GSE Foreclosure Ban In Place Until January 2009

New Home Buying Traps

New home buying is filled with traps and tricks designed to put you at a disadvantage. So take a minute to learn about new home buying traps so you can easily turn the tables on the builder.

Contract negotiation from the buyer’s side should be simple, but it’s not. New home builders play games with lot premiums, custom add-ons, and incentives to completely baffle their prey…YOU!

Stated Income Mortgage Traps

The stated income mortgage is getting harder to find these days. Stated income mortgage lenders are going under in droves and the ones remaining are curtailing the program effectively trapping borrowers who now can’t refinance away from rising payments.