What’s Ahead For Mortgage Rates This Week – November 20, 2023

November 20, 2023

With the release of the CPI and PPI data, much of the broader market has been anticipating potential cooling of inflation numbers month-to-month and those expectations have been met. There’s a consistent trend of inflation slowing down which brings a greater potential for the end of any rate hikes from the Federal Reserve, signaling a […]

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Financing Your Oasis with a Construction Loan for Swimming Pools and Spas

November 17, 2023

Creating a backyard oasis with a swimming pool, hot tub, or water feature can transform your outdoor space into a haven for relaxation and entertainment. However, financing such a project often involves careful planning and consideration. One popular financial option for these endeavors is a construction loan. Understanding Construction Loans Construction loans are specialized financing […]

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Comparing Temporary and Permanent Mortgage Buydowns

November 16, 2023

When it comes to mortgages, a “buydown” generally refers to paying an extra fee upfront to reduce the interest rate over a specific period. There are typically two types: temporary buydowns and permanent buydowns. Permanent Buydown: With a permanent buydown, the borrower pays extra fees at the beginning of the loan to permanently reduce the […]

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Speed Your Mortgage Approval up by Following This Checklist

November 15, 2023

Have you finally found your dream home after months of searching, and then you are told that the seller has received other offers? No buyer wants to find themselves in a bidding war against another buyer as it is a stressful situation. Being unprepared and not having your finances in order will make it even […]

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Which Big Tax Breaks Are Available From Home Credits

November 14, 2023

Property Tax Deduction: Homeowners can deduct the amount they pay in property taxes on their primary residence and any other real estate they own. The property tax deduction is an itemized deduction and can help reduce your taxable income.

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What’s Ahead For Mortgage Rates This Week – November 13, 2023

November 13, 2023

The week following the FOMC rate decision meetings are typically very light, with the two most influential releases being the University of Michigan Consumer Sentiment and the weekly Job Claims reports. The more positive news is mortgage lending rates have been on the decline in the last two weeks. Consumer Credit Reports Consumer sentiment fell […]

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How to Go From Renting to Owning a Home

November 10, 2023

Going from renting to owning a home can be a significant financial and personal milestone, but it requires careful planning and preparation. Here are some steps to take to make the transition from renting to owning: Determine your budget: Calculate your current expenses and income to determine how much you can afford to spend on […]

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Mortgage Rate Locks: When and How to Secure a Favorable Rate

November 9, 2023

Securing a mortgage to purchase your dream home is a significant financial decision. One of the essential aspects of this process is locking in a favorable mortgage rate. A mortgage rate lock ensures that the interest rate on your loan remains the same for a specified period, protecting you from potential rate fluctuations. We will […]

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Understanding Assumable Mortgage Loans

November 8, 2023

Mortgage loans are an essential aspect of financing the purchase of a property. Among the various types of mortgages available, one option that may be advantageous for both buyers and sellers is an assumable mortgage loan. An assumable mortgage loan is a type of home loan agreement that allows a homebuyer to assume the existing […]

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The Role of A Down Payment: How Much Should I Save?

November 7, 2023

Buying a home, a car, or any significant investment often involves making a down payment. The down payment is a crucial part of the purchasing process, as it can impact your loan terms, interest rates, and monthly payments. But how much should you save for a down payment, and why is it so important? Understanding […]

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