How the Purchase and Refinance Mortgage Process Works

February 28, 2025

When it comes to home financing, purchasing and refinancing a mortgage share similarities but serve distinct purposes. Understanding how each process works can help you make informed decisions about homeownership and financial planning. The Purchase Mortgage Process Buying a home starts with assessing your budget. Before house hunting, it’s crucial to determine how much you […]

Read the full article →

The Key Details About Home Appraisals That You Might Not Know

February 27, 2025

A home appraisal is a critical step in the buying, selling, or refinancing process, yet many people don’t fully understand how it works or what factors influence it. Whether you’re a buyer, seller, or homeowner looking to refinance, here are some key details about home appraisals that you might not know. Appraisals Are Different from […]

Read the full article →

Creative Ways to Use Home Equity Loans for Investment

February 26, 2025

For homeowners looking to build wealth, a home equity loan can be a powerful financial tool. With the equity in your home, you can access funds at relatively low interest rates and put that money to work in smart, strategic ways. If you’re wondering how to leverage your home’s value for investment, here are some […]

Read the full article →

What’s Ahead For Mortgage Rates This Week – February 24th, 2025

February 24, 2025

The most impactful report released last week was the regular Consumer Sentiment reports, which have indicated the more recent concerns rising food costs have soured the view on the current state of the economy for the U.S. The talks between the Federal Reserve members have also slanted in a negative direction as they feel they […]

Read the full article →

How Do Mortgage Lenders Decide How Much You Can Borrow?

February 21, 2025

When buying a home, one of the most critical factors is determining how much you can borrow through a mortgage. Lenders evaluate multiple financial aspects to assess your borrowing capacity. Here’s what they consider: Income and Debt-to-Income (DTI) Ratio Lenders assess your income to ensure you can afford monthly mortgage payments. A common guideline is […]

Read the full article →

To Finance Or Not To Finance

February 20, 2025

Deciding to finance a new home can be exciting, and because of that buyers tend to want to jump right in. Not so fast! Before you start searching for your dream home, you need to get pre-approved and that means applying for a loan. You will need to get things in order by deciding how […]

Read the full article →

Common Places to Find Tax Deductions in Your Home

February 19, 2025

Paying your income taxes each year leaves your wallet a bit thin? There may be money hiding in your home that lessens your tax burden. Here are four places to look: Home-Office Deduction If you work from home, you could qualify for a home-office deduction. Taking the deduction can be a bit complicated; so many […]

Read the full article →

What’s Ahead For Mortgage Rates This Week – February 18th, 2025

February 18, 2025

The major inflation data reports have been released, and the initial readings indicate that inflation has exceeded expectations. While the data suggests that the Federal Reserve is unlikely to allow any further rate cuts beyond those already implemented, optimism remains in the broader lending markets. This optimism is driven by expectations that the new administration […]

Read the full article →

Presidents’ Day and the American Dream of Homeownership

February 17, 2025

Presidents’ Day is a time to reflect on leadership, vision, and the pursuit of big goals. Throughout history, homeownership has been a key part of the American Dream, a foundation for stability, growth, and opportunity. If owning a home is one of your goals this year, now is a great time to start planning. Market […]

Read the full article →

← Previous Entries

Next Entries →