Mortgage 101: How Interest-Only Mortgages Work and Why They’re A Good Solution for Some Buyers

November 2, 2017

Whether you’re a first-time homebuyer or an experienced real estate investor, if you are planning to borrow funds to buy a home you will want to choose the right mortgage product. In today’s blog post we’ll explore how interest-only mortgages work and why they’re the perfect choice for some homebuyers.

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Case-Shiller: Home Price Growth Near All-Time High in August

November 1, 2017

Home price growth approached all-time highs in August, but there were signs that prices may have peaked in some U.S. metro-areas. Seattle, Washington held the top rate of home price growth with a seasonally-adjusted annual appreciation rate of 13,20 percent. Las Vegas, Nevada had the second highest growth in home prices with 8.60 percent in August. San Diego, California reported a seasonally-adjusted annual home price growth rate of 7.80 percent.

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62 or Older? 3 Reasons Why a Reverse Mortgage Might Be the Perfect Financial Solution for You

October 31, 2017

Are you and your spouse starting to move into your retirement years? If so, you already know that you are going to need a solid financial plan for when your primary sources of income are no longer bringing money in. If you have invested in your retirement, you might be all set. However, what if your house makes up the majority of your net worth?

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What’s Ahead For Mortgage Rates This Week – October 30, 2017

October 30, 2017

Last week’s economic news included readings on new and pending home sales and weekly reports on mortgage rates and new jobless claims.

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Buying an Older Home? Watch Out for These 3 Key Flaws That Could Spell Trouble

October 27, 2017

Are you a fan of homes with a bit more character than newer, modern designs? Whether in pristine condition or more of a “fixer upper,” older homes are incredibly popular in cities across the country. However, there are some key factors to consider if you’re thinking about buying a home built decades ago before modern standards were enforced.

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Stuck in a Bidding War? 3 Ways to Win Without Busting Through Your Mortgage Approval Amount

October 26, 2017

Are you making an offer on a new home in a hot housing market? If so, one possibility is that you are going to end up bidding against other buyers who are looking to buy the same home. Unfortunately, in some cases bidding wars are inevitable, and they can be a significant source of stress. Let’s take a look at three ways that you can win a bidding war without having to spend more than you can afford.

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Worried That Your Past Student Loan Debt Might Delay Buying a Home? Here’s What to Do

October 25, 2017

Whether you are just about to graduate college or you have been out for a few years, there’s a good chance you’re carrying some amount of student loan debt. It seems that news headlines are regularly pointing out that the nation’s graduates are suffering from the stress of student debt. Moreover, that pressure can be even worse for those who are looking to buy a home and start putting some roots down in the local community.

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Man Vs. Machine: Why Using a Human Mortgage Professional Is Better Than Trusting an App

October 24, 2017

Are you currently house-hunting or plan to be in the near future? If you plan on using mortgage financing to pay for your home, you will soon discover that there’s no shortage of options available to you. You can meet with a local mortgage professional, apply for mortgages online and even download mobile apps that promise to set you up with a mortgage. However, is every option equal?

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What’s Ahead For Mortgage Rates This Week – October 23, 2017

October 23, 2017

Last week’s economic reports included NAHB Housing Market Indexes along with readings on housing starts, building permits and existing home sales. Weekly readings on mortgage rates and new jobless claims were also released.

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Buying a New Home? Here’s Why Mortgage Pre-Approval Should Be Your First Step

October 20, 2017

Are you thinking about buying a new house, condo or apartment? Whether you are upgrading, downsizing or investing, if you intend on borrowing the funds you’ll need to be pre-approved for a mortgage. In today’s blog post we’ll explore mortgage pre-approval and why this should be one of your first steps in buying a new home.

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