Buying A Second Home As A First Home: What To Know

January 25, 2022

Many first-time homebuyers are having a difficult time finding the right purchase. Therefore, a new trend is catching on. Some people are renting in the city, where property values are more expensive. Then, they buy a vacation home in the suburbs. Is it smart to buy a second home as a first home?

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What’s Ahead For Mortgage Rates This Week – January 24, 2022

January 24, 2022

Last week’s economic reports included readings from the National Association of Home Builders on housing markets, Commerce Department data on building permits issued, and housing starts. The National Association of Realtors(R) reported on sales of previously-owned homes. Weekly reports on mortgage rates and jobless claims were also released.

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How Can Parents Help Their Children Buy A Home?

January 21, 2022

One of the most common dreams is homeownership; however, the cost of buying a house is rising quickly, and many children cannot afford to buy a house even after they finish school. They might be encumbered with student loans, and they could have a difficult time finding a job. Fortunately, there are ways parents can help their adult children buy a home.

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What Financial Preparations Should I Make Before Applying For A Mortgage?

January 20, 2022

Getting a mortgage isn’t an easy thing to do. Before a lender will put down tens of hundreds of thousands of dollars, it wants to know that the borrower can handle the loan so that it will get paid back.

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3 Considerations When Making A Down Payment

January 19, 2022

One of the challenges you will face when deciding how much money to put down on your new home is whether to put down a larger down payment or to take a bit of money from your down payment and use it to pay “discount points” to lower your interest rate.

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What’s Ahead For Mortgage Rates This Week – January 18, 2022

January 18, 2022

Last week’s scheduled economic reporting focused on inflation with monthly and year-over-year readings on overall and core inflation. Federal Reserve Chair Jerome Powell was confirmed for a second term as Federal Reserve chair. The University of Michigan released its monthly survey on consumer sentiment and weekly readings on mortgage rates and jobless claims were also released.

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Maintain A Home’s Value With These Helpful Home Maintenance Tips

January 14, 2022

A home is an investment, so it is important to treat it as such. The best time to capitalize on a home’s value is when it is sold. Therefore, it is important to take care of it with some simple home maintenance tips.

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A Guide to Financing Home Improvements and How Mortgage Refinancing Can Help

January 13, 2022

If you’re planning to remodel or renovate your home in the near future – whether to provide a better living environment or as part of a house flip – you’ll need to find a way to pay for your home improvements. There are several different possible sources of renovation money, each with their own advantages and disadvantages. One option that is gaining popularity is mortgage refinancing.

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Does Shopping Around for A Mortgage Pre-Approval Hurt Your Credit Rating?

January 12, 2022

Smart homebuyers know that mortgage rates and terms can vary widely among lenders. While your credit score and history will influence what rates and terms you’re offered, there’s a wide range of flexibility, which means shopping around for a pre-approval makes sense. At the same time, it’s important to minimize credit inquiries to protect your credit rating.

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Understanding How Home Equity Works and Why Buying a Home Can Be Your Best Investment

January 11, 2022

Whether you’ve never heard the phrase ‘home equity’ before or you have a little familiarity, here are the ins and out of what it means and how this asset can help your financial outlook.

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