According to CoreLogic’s Homeowner Equity Insights, Americans have seen the equity in their homes increase by 29.3% year over year in the fourth quarter of 2021. The average home equity during that time period was a whopping gain of $55,000. This increase is a fuel that homeowners are experiencing. A fuel which is a large […]
Looking for an alternative to paying higher, current rates? This could benefit buyers with lower closing costs while saving money on the payment. Your alternative could be existing FHA and VA mortgages – they’re assumable at the note rate to owner-occupied buyers who qualify. For the last 20 years, rates have been steadily coming down […]
We’re not talking about your “arm” – we’re talking about an adjustable-rate-mortgage. See, an adjustable-rate mortgages just simply is not the right choice for many homeowners – especially if they plan to own the home for a long time. As a stat, less than 3% of buyers choose an adjustable-rate mortgage according to NAR’s 2021 […]
You may possibly be in a whole generation of people that have never known what a normal mortgage rate might be. And, that would be because mortgage rates have been kept artificially low by the Federal Reserve since 2010. Not to mention, most of the rest of adults here in the U.S. have forgotten what […]
Inflation is a word that seems to be worldwide these days. There’s a big concern in regards to inflation – including inflated prices on our gas, food, necessities and yes, you guessed it, rent. Assets, such as your home or your car, become more valuable over time. During periods of inflation, your home is a […]
Whether you’ve never sold your home, or you’ve moved multiple times, you may have never stopped to think about what goes into the process of selling. There is more to selling a home than you might think. More than likely, you may be under the assumption that your home will sell itself currently because, nationally, […]
You’ve probably heard of a soft inquiry, soft credit pull or soft credit check. Why do they happen though? These occur when credit card issuers or mortgage lenders check your credit for preapproval purposes. They don’t impact your credit score because they aren’t attached to a specific application for credit. Soft inquiries may appear on […]
It might be a good idea to start off 2022 on the right foot – let’s get your mortgage paid down faster! If you have a situation where you have a lump sum of cash which can be used to pay down your existing mortgage, you may have several options. If you prepay the principal […]
So, just a question – when did you last replace your washing machine hose? A general rule of thumb is that a washing machine hose should be replaced about every five to seven years. If you’ve had your washing machine for about that long, and never replaced the hose before, you should probably keep reading. […]
How much of your credit is available at a given time? When applying for mortgages and loans, a lower credit utilization means that the borrower is not relying heavily on their credit, and also means that they are using their credit wisely. Basically, the higher the percentage, the higher the risk is involved which will […]
