by lizlaurenb | Aug 18, 2023 | Homebuyer Tips
Foreclosed properties have long been considered attractive investment opportunities for real estate enthusiasts. These properties, acquired by banks or other lending institutions due to mortgage default, can often be purchased at below-market prices. However, along...
by lizlaurenb | Aug 16, 2023 | Mortgage Tips
As the housing market continues to evolve, it becomes increasingly crucial for aspiring homeowners to tread carefully and avoid falling into the trap of being house poor. The dream of owning a home should not come at the expense of financial stability and overall...
by lizlaurenb | Aug 14, 2023 | Financial Reports
Last week’s economic reporting included readings on inflation, consumer sentiment, and weekly readings on mortgage rates and jobless claims. Inflation Rate Holds Steady in July Month-to-month inflation rose at a pace of 0.20 percent in July and met...
by lizlaurenb | Aug 10, 2023 | Mortgage
Property taxes can be a substantial financial burden for homeowners and property owners. Each year, local governments assess the value of properties to determine the amount of property tax owed. However, these assessments are not always accurate and can result in...
by lizlaurenb | Aug 9, 2023 | Mortgage
If you’re a homeowner with a mortgage, you may be familiar with the concept of an escrow account. This financial tool is designed to simplify the management of property-related expenses by combining certain costs, such as property taxes and insurance, into one...
by lizlaurenb | Aug 8, 2023 | Mortgage Rates
When it comes to securing a mortgage, borrowers are often confronted with various terms and figures that may seem confusing at first glance. Two key components that play a significant role in determining the cost of a mortgage are the interest rate and the APR (Annual...
by lizlaurenb | Aug 7, 2023 | Financial Reports
Last week’s scheduled economic reporting included readings on construction spending, public and private sector payroll growth, and the national unemployment rate. Weekly readings on mortgage rates and new jobless claims were also released. Construction Spending...
by lizlaurenb | Aug 4, 2023 | Mortgage
Making major life decisions often involves a delicate balancing act. Among the most significant choices individuals face are buying a new car and purchasing a new home. Both ventures represent milestones in one’s life, bringing excitement and anticipation....
by lizlaurenb | Aug 2, 2023 | Mortgage
The amount of equity you can borrow from your house depends on several factors, including the current market value of your home, the amount you owe on your mortgage, and your credit score. In general, lenders typically allow you to borrow up to 80% of your...
by lizlaurenb | Aug 1, 2023 | Mortgage
When homeowners need to tap into the equity they’ve built in their homes, two popular options are Home Equity Loans (HEL) and Home Equity Lines of Credit (HELOC). Both types of loans allow homeowners to access funds for various purposes, such as home...
