Over the past five years, the average mortgage interest rate hovered between 3.5% and 4.5% – the lowest rates of the past 30 years. This relatively low rate meant that homeowners across the country could refinance their home mortgage, and potentially save thousands of dollars over the course of their loan. But there are signs… Continue Reading Refinancing with Rates on the Rise – Is It Still a Good Idea?
It’s the holiday season, and many of us are busy buying gifts for family and friends. But how much you spend on those gifts may have a negative impact on your credit score. If you’re planning on buying a home in 2017, it’s good financial strategy to hold off on buying expensive gifts. It’s also… Continue Reading Ideas for Saving Money on Holiday Gifts
With less than a month until 2017, the mortgage and housing industries are as active as ever. Here are some interesting new articles on industry trends and news: Realtor.com 2017 National Housing Forecast Realtor.com, one of the most popular online real estate websites, has released its 2017 housing forecast. The forecast provides useful predictions and… Continue Reading Mortgage and Housing Industry Updates
If you’re a veteran, we want to tell you about a loan that helps you take the empowering journey into home ownership—and doesn’t require a down payment. The VA loan helps military members, veterans, and surviving spouses buy homes Established in 1944 to provide home financing to World War II veterans, the VA Loan (originally… Continue Reading Are you a veteran who wants to buy a home?
Water is the foundation of life on earth, and the average household uses a lot! In fact, the Environmental Protection Agency (EPA) estimates that the average home of four uses 400 gallons of water per day (and spends $1,100 per year in water costs). With the ongoing drought in much of the United States, it’s… Continue Reading How to Save Water at Home
Buying your first home is one of your biggest life decisions, and it’s important to be prepared. Here are some things you can do to get ready: Make sure you have good credit To secure a low interest rate on your first mortgage, you’re going to need good credit. This means you should always pay… Continue Reading Buying your first home in 2017? Start preparing now!
Are you thinking about retirement? Or do you have retired family members? If either answer is yes, then affordable housing and a low cost-of-living are important issues. GoBankingRates.com recently analyzed cost-of-living indexes and consumer expenditure data to rank America’s cheapest cities to retire. Here are the five most affordable cities, in descending order: 5. Mobile,… Continue Reading The Five Most Affordable Cities for Retirement
Are you ready to take the next step toward applying for a reverse mortgage? Congratulations! Reverse mortgages let Americans 62-and-up convert part of their home equity (wealth) into cash, a monthly check, or a line of credit. This can provide a financial nest egg for retirees to help meet unexpected costs, such as medical bills… Continue Reading Documentation You’ll Need to Apply for a Reverse Mortgage