Refinancing a home mortgage can provide you with an incredible range of benefits. These include everything from reducing your mortgage term and lowering your payments to helping you more effectively build equity or pulling equity out to use for beneficial purposes.
One of the most significant factors a mortgage lender will review when you apply for a new mortgage loan is your credit history and rating. While some people have stellar credit, others have a troubled credit history with lower scores. If you fall into the latter scenario, you may be wondering how lenders will assess your credit situation when you apply for a mortgage in the near future.
Periodically, many homeowners will receive a rather sizable amount of extra cash. This may be from a bonus from your employer, a refund on your tax return, a financial gift from a relative or something else altogether. Before you make your decision about how to spend your money, consider what impact your lump sum payment will have on your mortgage.
You have a rainbow of possibilities for your space when preparing your home for sale, but you want to choose colors that will have broad or universal appeal to buyers and that will showcase your home in the best possible light.
When spring arrives, many people want to spend more time outdoors enjoying the fresh air and warmer temperatures. While you could lounge in a chair with a good book, you may find it more enjoyable to plant your own vegetable garden.
Sometimes the simplest tips can have the longest lasting value when it comes to home purchases. In this video, Nikkie explains why you should pay extra attention to the following purchases and which features you should hone in on: The stove The garage door The refrigerator The vacuum / carpet cleaner The washing machine […]
As a first time real estate investor, you may be excited to start searching for a property to invest in. However, be sure to consider the following helpful tips to make your search more successful.
Your home is your castle, your own little piece of the American dream. But lately, your little corner of the world has been feeling cramped and you find yourself eyeing those larger homes. Is it time to pull up stakes and move on from your starter home?
If your goal is to purchase a home, you may find that it is challenging to save up enough money for your down payment. While this is something that many first time home buyers struggle with, it is by no means insurmountable.
Other Recent Posts
One of the most common questions home buyers ask today relates to how much money they need to put down on a home. There are several points to consider to determine if making a larger down payment is right for your financial situation.
The big freeze that gripped the housing markets in February thawed out a bit in March as construction on new homes edged higher, but were below expectations. The Commerce Department reported that Housing Starts rose 2% from February to March to an annual rate of 926,000, below the 1.045 million expected. The March rate of […]
The National Association of Home Builders (NAHB) reported that April’s Housing Market Index rose from a reading of 52 in March to 56 for April. This is in line with warmer weather and the peak home buying season in spring and summer. Readings over 50 indicate that more builders view market conditions as positive as those who do not. NAHB members cited lower mortgage rates and better labor market conditions as reasons they expect more home buyers to enter the market.
Home builders across the nation saw sentiment tick up to its best levels in 2015, reversing a three-month slide in April. The National Association of Home Builders Housing Market Index rose to 56 from 52 recorded in March and above the 55 expected. Low interest rates along with continued job growth will draw consumers to […]
The Labor Department reported on Tuesday that the wholesale inflation reading Producer Price Index, which measures prices that businesses receive for their goods and services, fell by 0.8% from March 2014 to March 2015, due to declining oil and fuel prices. The -0.8% is in stark contrast to the +2.1% recorded year-over-year in May of […]