Author Archives for Steve Cook'

About Steve Cook

Steve Cook is managing editor of Real Estate Economy Watch, which was recognized as one of the two best real estate news sites of 2011 by the National Association of Real Estate Editors. Before he co-founded REEW in 2007, he was vice president of public affairs for the National Association of Realtors. In 2006 and 2007, he was named one of the 100 most influential people in real estate.

How to Land a 0% Down Mortgage

November 28, 2016 5:05 pm Published by Leave your thoughts

Saving for a down payment is one of the biggest obstacles between first-time home buyers and home ownership. Luckily, there are now ways to get a 0% down payment. Thanks to options from FHA and more than 2000 state and local down payment programs accessible through Down Payment Resource, first-time buyers put down only 4 percent... View Article

5 Sure-fire Ways to Save on Closing Costs

5 Sure-fire Ways to Save on Closing Costs

November 15, 2016 2:19 pm Published by Leave your thoughts

As a rule, the portion of closing costs paid by buyers totals between 2 percent to 7 percent of the home’s purchase price. That means that on a $250,000 home, closing costs would range from $5,000 to $17,500. That is a princely piece of change to pay at closing, especially when you add it to... View Article

Six Reasons Why Buying New Construction is Easier

November 8, 2016 3:29 pm Published by Leave your thoughts

It’s hard out there for a homebuyer. With inventories of existing homes for sale chronically low in most housing markets, buyers are at a disadvantage. With existing homes, buyers’ choices are fewer, and competition is stiff for affordably priced quality properties. When it comes to negotiating, that means sellers usually have the upper hand. Buyers... View Article

New Refinancing Program Helps Low-Equitied Homeowners

October 26, 2016 12:19 pm Published by Leave your thoughts

There are some changes in store for homeowners looking to refinance with high loan -to-value (or LTV) ratios. At the end of 2017, the Federal Housing administration plans to launch a new refinance program. But first, they’ve extended the popular Home Affordable Refinance Program (HARP)–which was created to for homeowners who owe more than their home... View Article

What Are Today’s Homeowners Doing with Their Equity?

What Are Today’s Homeowners Doing with Their Equity?

October 5, 2016 12:29 pm Published by Leave your thoughts

Nearly a decade after the housing bubble burst, rising home values are finally raising the levels of home equity for millions of American families. By the end of the second quarter, more than 12.3 million homes were equity rich—meaning their owners owed less than 50 percent of the property’s value on outstanding mortgages—according to real... View Article