Blog

Jun 26 2017

On June 8, the 30-year fixed mortgage rate dropped to a seven month low, and averaged 3.89% for the week. This compares to a March 2017 mortgage rate of 4.3%, and counters early year predictions of rising mortgage rates throughout 2017. Since the 2008 recession, mortgage rates have trended lower As you can see from […]

Jun 22 2017

Having a good credit score is an important part of the mortgage process, and it can save you you thousands of dollars over the life of your loan. While you can build a good credit score with a range of strategies, including paying your bills on time and using a secured credit card, all Americans […]

Jun 20 2017

For homebuyers, your mortgage payment is one of several monthly costs you’ll have to pay. Other monthly costs include your property taxes, homeowners insurance, and homeowners association (HOA) fees. On top of these, homeowners can expect a substantial monthly power power bill. In the summer of 2017 alone, the average American household faces a $410 […]

Jun 15 2017

May was another busy month for the mortgage industry. Here are some recent articles, highlights, and homeowner tips: U.S. pending home sales fall; housing market recovery intact Contracts to buy previously owned U.S. homes fell for a second straight month in April amid a supply squeeze. However, the housing market recovery remains supported by a […]

Jun 13 2017

One of the biggest advantages of owning a home is building home equity. Home equity is the current market value of a home minus its outstanding mortgage balance. In simple terms, it’s home ownership that you build by making monthly mortgage payments. Depending on the terms of your mortgage, you’ll usually pay it off in […]

Jun 1 2017

When you commit to buying a home with a mortgage, it’s usually with the plan of paying it off with monthly payments over 15 or 30 years. During this long timeframe, your life circumstances could change, or the economy could change. When either of these occur, you might want to consider refinancing your mortgage. Here […]

May 25 2017

As we head towards June, summer is on our doorstep! With weather forecasters predicting a hotter-than-average summer for much of the country, and with the average household facing a $410 monthly electricity bill, lowering your air conditioning (AC) costs can provide major benefits for your finances. Here are some simple strategies to lower your AC […]

May 18 2017

For individuals and families considering buying their first home, it can be easy to feel overwhelmed and question whether you should keep renting. After all, buying a home commits you to years of monthly home payments (and risk) in an uncertain global economy. Owning a home also provides a long list of benefits, including increased […]

May 4 2017

As we head into May, heat has arrived in many parts of the country, and summer is almost on our doorstep. If you’re a homeowner, now’s the time to get your home ready. Here are five ways to do this: Inspect your air conditioner Spring is the time to make sure your air conditioner (AC) […]

May 2 2017

If you’re planning your retirement or are already retired, the state you live in matters. Because individual states have different tax laws, varying affordability levels, and a range of  benefits (and drawbacks) for retirees — where you retire will have a dramatic impact on your life. Wallethub recently ranked the top five states to retire […]