What’s Ahead For Mortgage Rates This Week – August 7, 2023

August 7, 2023

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.

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Will Buying A New Car Impact The Ability To Buy A New Home?

August 4, 2023

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. However, there is a complex interplay between these two financial endeavors that can significantly impact a person’s ability to achieve their dream of owning a new home. Here are some factors to consider:

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How To Find A New Home In A New City

August 3, 2023

Research the neighborhoods: Start by researching the different neighborhoods in the city you are moving to. Look into the amenities, crime rates, school districts, and transportation options in each area to help you narrow down your search.

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How Much Equity Can I Borrow from My House

August 2, 2023

In general, lenders typically allow you to borrow up to 80% of your home’s equity. For example, if your home is currently valued at $400,000 and you owe $200,000 on your mortgage, you may be able to borrow up to $160,000 (80% of the $200,000 in equity you have in your home).

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The Difference Between A Home Equity Loan Versus A HELOC

August 1, 2023

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 improvements, debt consolidation, or unexpected expenses. However, it’s essential to understand the differences between these two mortgage products to make an informed decision that aligns with your specific needs and financial goals. Here are some important differences between the two.

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What’s Ahead For Mortgage Rates This Week – July 31, 2023

July 31, 2023

The Federal Reserve raised its target interest rate range to 5.25 to 5.50 percent; this announcement signaled that rates for home loans and unsecured credit would also rise.

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Selling a House “As-Is”: Pros, Cons, and Considerations

July 26, 2023

Selling a house as-is can be a viable option for homeowners looking for convenience and cost savings. However, it’s crucial to carefully consider the potential drawbacks, such as a lower sale price and limited buyer pool. Assessing the property’s condition, seeking professional advice, and evaluating the financial implications are essential steps in deciding whether selling a house as-is is the right choice for you.

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Financial Considerations When Buying a Home

July 25, 2023

Purchasing a home is one of the most significant financial decisions many individuals make in their lifetime. It involves a substantial investment of money and requires careful consideration to ensure long-term financial stability.

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What’s Ahead For Mortgage Rates This Week – July 24 2023

July 24, 2023

The National Association of Home Builders reported a one-point gain in home builder confidence with an index reading of 56 for July. Analysts predicted a reading of 57 and June’s reading was 55. Readings over 50 indicate that most home builders are confident about current U.S. housing market conditions. Overall homebuilder confidence rose for the seventh consecutive month in July.

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What is a Home Warranty?

July 21, 2023

Home warranties are purchased by homeowners to protect against unexpected expenses for repairs or replacements that may occur due to normal wear and tear.

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