Will Bankruptcy Hurt His Chance for a Mortgage?

by Dell Claiborne

 
I claimed bankruptcy eight years ago. Since then, I have made real sacrifices and educated myself about money management. I have been at the same job for five years and have saved up a substantial amount of money. I would like to begin looking at houses to buy. But how will my credit [...]

How to Buy the Lot Next Door

by Dell Claiborne

 
My husband and I would like to buy the vacant lot next to our house. How do we find out who owns it?
 

 
Buying a vacant lot is a great idea and a savvy real estate move. Combining the two lots could greatly increase the value of your property and make your property more [...]

Before You Close, Get a Survey

by Dell Claiborne

 
My husband and I are looking forward to closing on our first house. Last year I read about a plat of surveys in your column but I had no idea we’d be home owners this year. What is a plat? Should I go to the closing prepared with one? If so, how do [...]

Great Deals on HUD Homes

by Dell Claiborne

 
I have been renting an apartment for several years. The other day I added up what I’ve paid in rent. Seeing it there in front of me made me want to buy my first home. I heard you can get great deals on foreclosed HUD homes. What are they and where can I [...]

Loan-to-Value Ratio May Affect Your Rates

by Dell Claiborne

 
What is a loan to value (LTV)? How does it determine the size of my loan?
 
Loan-to-value or LTV is the percentage determined by dividing the amount of the loan by the appraised value of the home. For example, you want to purchase a property valued at $300,000 and plan to get a loan [...]