There is more to homebuying than the mortgage. There are property taxes that the government requires on homes. There is also the interest on the loan. Some homebuyers need to pay HOA (homeowners’ association) fees to their neighborhood. All of these add a small amount to the total monthly payment that the homeowner makes… Continue Reading What is Mortgage Insurance and Do I Need It?
If you’re planning on buying a home in early 2017, you can expect a substantially different housing market from the beginning of 2016. How could this impact you as a potential homebuyer? While there is still uncertainty in the economy and housing market (and predictions are often wrong), here are some things to consider: Homes… Continue Reading Buying a home in 2017? Here are four things to consider
There is nothing quite like homeownership. You have a chance to buy a place you love, decorate it as you please, and also make an investment into your financial future. But if you’ve ever looked into buying a home, you have probably heard experts saying that you need at least 20% of the value of… Continue Reading Don’t Have a 20% Down Payment? No Problem
Since the November presidential election, mortgage interest rates have moved higher. And while mortgage interest rates have decreased from post-election highs, many housing analysts expect higher rates throughout 2017. Though there’s no guarantee mortgage rates will continue to rise, it’s important to know how to secure the lowest rate for your mortgage. If you’re planning… Continue Reading Securing a Low Mortgage Interest Rate In an Era of Higher Rates
There is more to purchasing a home than the cost of the home itself. There is the interest rate, which you and your lender have likely already factored into your monthly payment. There are also the fees of the real estate agent, if any. These types of costs are frequently discussed throughout the lending process.… Continue Reading The Benefit of Escrow Accounts
Throughout the real estate process, you’ll find yourself coming across critically important terms you may not yet be familiar with. Two terms that can be especially confusing are “inspection” and “appraisal.” Both of these are similar, in that an expert walks through a property in order to spot trouble areas, but they both play very… Continue Reading Inspection vs. Appraisal – What’s the Difference?
As discussed in part one and part two in our identity theft blog series, everyone is at risk of identity theft. But by learning how identity theft occurs, and staying alert for signs that it happened, you can create strategies that help prevent it. Unfortunately, there is no one single tool or action (or combined… Continue Reading How to Get a Mortgage Approval if You're an Identity Theft Victim
Are you self-employed? If so, you’re part of a rapidly growing segment of the US economy. In fact, an October 2016 study found that America’s freelancing economy has grown to 55 million people, or 35% of the entire workforce. Getting a mortgage can be harder and more expensive if you’re self employed, but there are… Continue Reading How to Get a Mortgage if you’re Self-employed
Buying a property is both an investment, and your chance to have a home for you and your family. It is a financial decision that is not to be taken lightly, and throughout the process it is important to ask questions, stay informed, and make sure that you are making the best choice for your… Continue Reading Six Questions You Should Ask Your Realtor When Buying a Home
For many, your house is more than the place you live. It is your largest investment, and your way of securing a better financial future for yourself and your family. It is this investment potential that pushes people to buy instead of rent, because they want the money they spend on the home to come… Continue Reading 15-year vs. 30-year Mortgages – Which is Better?