When it comes to finding a new home, there are lots of complex ratios, terms, and contracts that you’ll encounter – and at times, it’ll feel like you’re trying to navigate a minefield. If you’re not careful, you may find yourself signing on for a mortgage that doesn’t suit your needs – or one that could financially ruin you. Here are five mortgage terms you may not encounter regularly that you’ll need to know when buying a home.Read More
So you’ve been a homeowner for some time. You’ve been faithfully paying off your mortgage for years, and you have a fair bit of equity built up in your home – and that makes you proud. But now, you’re wondering what good equity is if you’re not using it.
How do you actually use home equity? And how do you leverage it to get a high return for low risk? Here are just a few options you may want to consider if you’re looking for something to do with your equity.Read More
The rush of excitement that comes with finding the home you’ve been looking for is ideal, but just because it seems like the perfect place, it doesn’t mean there aren’t other factors to consider. Instead of getting hit with buyer’s remorse, here are some tips so that your home purchase doesn’t become something you’ll regret.Read More
Mortgage rates fell across the board last week according to Freddie Mac’s Primary Mortgage Market Survey. Other economic news included reports on construction spending, public and private sector employment and national unemployment.Read More
If you’re planning to complete some renovations on your home before putting it on the market, you may be unsure of the best way to go about finding the right contractor for the job. Here’s how you can get to the bottom of who will work the best for you.Read More
A kitchen upgrade may seem like the sort of renovation that will cost a pretty penny, but there are a lot of funky things you can do that will add an easy accent and make for a current look. If you’re planning some home improvements in 2016, here are some upcoming trends you may want to try out.Read More
Refinancing your home can be a great way to reduce monthly mortgage payments or interest rates – or even pay off your debt faster. And while it is a useful tool in budgeting for millions of homeowners, a home refinance may not necessarily be useful in every situation – in fact, there are some situations where refinancing can cost you a great deal of money.
So when should you skip the refinance and simply keep with the original plan? Here’s what you need to know.Read More
Mortgage interest rates are at historical lows right now, but they’re expected to start rising soon. That’s why savvy buyers are taking steps to ensure they get the best possible interest rates on the market and then lock those rates in for the long term. But even if interest rates are already low, that doesn’t mean you can’t reduce them further.
So how can you save even more money on your monthly interest payments? Here’s what you need to know.Read More
Last week’s economic news included Case-Shiller Home Price Indices, along with new and pending home sales readings. The Federal Open Market Committee of the Federal Reserve met analyst’s expectations and did not raise the target federal funds rate, which remains at 0.25 to 0.50 percent. Freddie Mac’s mortgage rates survey and the Labor Department’s weekly jobless claims report were also released.Read More