by lizlaurenb | Oct 13, 2023 | Mortgage
Are you in the market for a new home? If you plan on using mortgage financing to buy your next home you’ve likely heard the phrase “loan-to-value” or the acronym “LTV” before. Let’s take a quick look at the loan-to-value ratio...
by lizlaurenb | Oct 12, 2023 | Mortgage Tips
Many mortgage payments are made up of four parts, called PITI. PITI is an acronym that stands for principal, interest, tax, and insurance. It’s important to understand PITI because it is the real number you need to use in order to find out how much mortgage you...
by lizlaurenb | Oct 11, 2023 | Homebuyer Tips
If you’re worried about your bad credit, you’ll want to do everything in your power to improve your rating as quickly as possible – especially if you have a major purchase coming up. Improving your credit rating can give you access to better interest...
by lizlaurenb | Oct 10, 2023 | Uncategorized
Comparing mortgages is a crucial step in the process of buying a home or refinancing an existing mortgage. Here are some reasons why: Save Money: Comparing mortgages can help you save money by finding the best interest rates and terms available. A lower interest rate...
by lizlaurenb | Oct 9, 2023 | Financial Reports
The previous week offered a blend of economic updates, covering a report on the jobs market and weekly changes in mortgage rates. The Jobs Report Was Released This week, the monthly jobs report was released by the United States Bureau of Labor and Statistics. It...
by lizlaurenb | Sep 28, 2023 | Home Mortgage Tips
With a high volume of millennials set to enter the real estate market this year, it may seem like all the available options out there were created to snag new home buyers. However, there are products available on the market that cater to those who are in their golden...
by lizlaurenb | Sep 27, 2023 | Home Mortgage Tips
Buying a home is one of the largest investments you will make in your life, and that’s why so many people have longer mortgage amortization periods to pay down the principal. While it may seem appealing to have a longer amortization period, here’s why an...
by lizlaurenb | Sep 26, 2023 | Home Buyer Tips
In the context of a house sale, “contingent” typically means that the sale of the house is dependent on certain conditions being met. These conditions could include things like the buyer securing financing, the completion of a home inspection, or the sale...
by lizlaurenb | Sep 25, 2023 | Financial Reports
Last week’s economic reports included readings on U.S. housing markets, housing starts and building permits, and the scheduled post-meeting statement from the Federal Open Market Committee of the Federal Reserve. Data on sales of previously owned homes were...
by lizlaurenb | Sep 22, 2023 | Real Estate
The average homeowner feels secure knowing they have insurance in the event of a severe weather calamity. Most people believe that no matter what happens, they have paid for protection against disaster. Unfortunately, not every homeowners insurance policy provides...
