Houses come in all shapes and sizes; we’ll help you understand the 4 basic types new home, used home, fixer-upper and foreclosure. You thought that choosing the right neighborhood, size, number of bedrooms, closeness to work, proximity to schools and immediacy to shops were all difficult decisions, but one of the first real estate decisions should be what type of house you want to get. Although houses can come in a mind-boggling variety, a recent MotleyFool.com article discussed the four main types of homes for sale: new home, used home, fixer-upper and foreclosure.

Home Equity Loans: tips and information Think about the following five tips before plunging head-first into more debt! It seems like any excuse is enough to make people run and start tapping into their home equity. A recent MSN.com article discussed the tremendous growth in home equity lending, and gave some tips on how to wisely tap into the equity built up in your home.

Risky lending practices and a slowing real estate market have placed many Americans at risk for foreclosure. Read on to find out how you can avoid this financial disaster. Recent years in real estate saw rapid appreciation and record-low interest rates, a climate that many Americans found ideal for homeownership. Unfortunately, these circumstances had unforeseen consequences. Due to high prices, many homebuyers extended themselves beyond the recommended 28 percent of gross income for housing. Lenders also worked out creative financing techniques that would obtain financing for less-than-ideal candidates or for homebuyers who wanted to buy beyond what they normally would. No-down-payment, interest-only, piggyback loans and negative amortization are just some of the options on the market that have led to problems.