Home buying has costs associated with it other than the mortgage itself. Known as closing costs,,these fees are a part of the home buying process and they are due at the time that the mortgage is finalized. Buyers, however, can negotiate these costs and reduce the expense with a little bit of effort and with the help of a good mortgage professional.
When shopping for a mortgage, it is important to take closing costs into account. Let’s take a look at some major mistakes that could result in borrowers paying more than they need to in closing costs.
With the start of the New Year, it’s common to set new resolutions. While there are many goals that are worthwhile, paying off your mortgage as soon as possible can significantly improve your financial position and is a great goal to aim for.
Believe it or not, even with heavy duty winter weather, you can still have a four season backyard. See how these folks made it happen (hint: it doesn’t cheap!)
Renovating your kitchen is an excellent way to improve its look, increase the value of your home and appeal to a more diverse range of home buyers if you decide to sell. However, a kitchen remodel can easily cost $10,000 to $20,000 or more, which is why you want to make choices that you can live with.
Food storage has changed and so have refrigerators. The three items to look for when purchasing a new fridge are: French Doors that open up and display all the refrigerator contents at eye level. Freezer on the bottom with slide out drawers for various sizes of frozen goods, including flat boxes. Slide away shelves so […]
Buying a home in the city is a venture that comes with an entire assortment of advantages and disadvantages. While the location might be close in proximity to businesses, services, and other people, it’s easy to worry about the other aspects of city living. What are the great and not-so-great facets of living on a busy street?
Size matters when you are buying a new home. Whether you plan to expand your family, need more room for your stuff, or are concerned with resale value, you want to get the most space for your money.
Are you about to buy a house or condo for the first time? In this blog post we’ll share how property taxes work and what you can expect to pay when you buy your new home.
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Americans across the country scooped up new homes in a month that typically sees a lull in sales. The Commerce Department reported that New Home Sales rose by 11.6% from November to an annual rate of 481,000, well above the 450,000 expected. Lower unemployment rates, historically low interest rates and slowing gains in home prices […]
Managing your mortgage payments can be challenging, but there are some incredible apps available for use with Android or iPhone smartphones that can simplify your mortgage management tasks.
Black Knight Financial Services reported on Monday that home prices edged up 0.1% and are up 4.5% year-over-year. The average home price index hit $241,000 in November, which is 10% lower than the $268,000 peak hit back in June of 2006. The states of Texas and Colorado continued to outperform with each hitting new peaks […]
Last week’s economic reports included the National Association of Home Builders Wells Fargo Housing Market Index, Housing Starts for December and the FHFA Home Price Index report for November. Freddie Mac and the Department of Commerce released their weekly reports on mortgage rates and new jobless claims.
Unbelievable – but not all open house attendees are interested in buying your home. As a matter of fact, some of them have an active interest in stealing from you. This report from ABC News shows what home security cameras revealed during an open house. Click here for: Open House Safety Tips for Realtors Click […]