by Racheli Refael | Feb 11, 2020 | Mortgage
There are many individuals who end up on a fixed income once they reach a certain age; however, their expenses aren’t always fixed. Sometimes, there is a large medical expense. In other cases, someone might need money for a new car or a home repair. In the event...
by Racheli Refael | Feb 10, 2020 | Financial Reports
Last week’s economic news included readings on construction spending and public and private-sector job growth. Weekly readings on mortgage rates and first-time jobless claims were also released. Construction Spending Dips in December Overall spending on public...
by Racheli Refael | Feb 7, 2020 | Real Estate
Real estate, which is a rental property, has the unique characteristic under the tax code of being able to depreciate it and pretend the asset is going down in value, while, if you are a clever investor, you will acquire property that actually increases in value....
by Racheli Refael | Feb 6, 2020 | Mortgage
Investing in real estate is a great way for someone to diversify his or her assets; however, there is a common hurdle that almost all real estate investors face. This comes in the form of a down payment. It can be a challenge for someone to come up with enough...
by Racheli Refael | Feb 5, 2020 | Mortgage
Many individuals and families are looking for ways to reduce their energy consumption. Running the heater during the winter and the air conditioner during the summer can have significant impacts on someone’s energy consumption and costs. It should come as...
by Racheli Refael | Feb 4, 2020 | Mortgage
It can be hard to convince a lender that a young person is ready to buy a house. There may not be a long credit history, a lack of assets might make it hard to fund a down payment, and the buyer’s age can cause banks to hesitate. One of the ways for parents to...
by Racheli Refael | Feb 3, 2020 | Financial Reports
Last week’s economic reports included readings on home prices, new and pending home sales and a statement from the Federal Reserve’s Federal Open Market Committee. The University of Michigan issued its monthly statement on consumer sentiment and weekly...
by Racheli Refael | Jan 31, 2020 | Market Outlook
The Federal Open Market Committee of the Federal Reserve issued its scheduled post-meeting statement Wednesday. Policymakers unanimously decided to leave the target federal funds rate range unchanged at 1.50 to 1.75 percent. FOMC members reasserted previous views that...
by Mortgage Blog Content | Jan 30, 2020 | Uncategorized
by Racheli Refael | Jan 30, 2020 | Mortgage
According to a report that was recently published by the United States Census Bureau, the average mortgage payment has been dropping. According to the bureau, the average payment is just over $1,500 per month. This is shockingly close to the average cost of renting,...
