Economic reports released last week included readings on inflation, core inflation, and Fed Chair Janet Yellen's testimony. Mortgage rates and new jobless claims were released as usual along with a monthly report on consumer sentiment.
Post-housing market collapse, getting a mortgage got tough. Rather than a joyous experience and a simple process, the journey from application to closing on a mortgage loan sat in the same realm as root canals, DMV visits, insurance claims, and getting faulty credit fixed. Since that time (nearly a decade ago!), much has changed, but... Continue Reading →
Open houses are a good opportunity to get out and about to see what kind of home you're looking for, and if it will work for you. Fortunately, they can also be a good opportunity to find out some things about the house you're looking at that might not be listed on the website and may be less than flattering. If you're wondering what red flags to watch out for, pay attention to the following things the next time you're at a showing.
Many people all over the world are dealing with issues involving debt or poor credit history, but most aren't necessarily aware of what exactly makes up their credit score. Unfortunately, it might seem like it's the big stuff that counts when it comes to credit, but little things can have a significant impact on your financial health. If you're looking to improve your understanding and your finances, here's what you need to know about small mistakes and your FICO score.
Whether you've just finished school or are about to start a family, investing in a home can be one of the biggest financial decisions of your life. But as you'll soon discover, there are a number of considerations you'll need to make. It can be difficult to know whether to get a short-term or long-term mortgage, or how long of an amortization period you'll need.
Making a job change is usually an exciting, and somewhat nerve wracking occasion. The anticipation of a learning curve and training, the annoyance of a change in schedule or winding down work already started. Add on top of all that a relocation or a move to the mix, and that opportunity starts to look like... Continue Reading →
When investing in a home, one of the most important things is buying a place that you and your family can feel comfortable in. If you're wondering what you should be looking for in the neighborhood you choose, here are a few things to consider before making an offer on a home.
Last week's economic reports suggested that demand for homes is rising despite a jump in mortgage rates and rising home prices fueled by low inventories of homes for sale. Demand for homes rose by 1.40 percent as interest rates jumped after the 10-year Treasury rate rose by 10 basis points.