One of the most significant challenges that many people face when preparing to buy a first home relates to saving money for a down payment. While there are many different loan programs with varying down payment requirements, the fact is that it can still be difficult to save up a large sum of money.
Mortgage 101: the Basics of How Mortgage Refinancing Works
Refinancing your home mortgage can be beneficial for you for a number of reasons. If you have never gone through this process yourself, however, you may not know what to expect with the refinancing process.
What’s Ahead For Mortgage Rates This Week – May 11, 2015
Last week’s scheduled economic reports primarily revolved around the jobs sector. The federal government released reports on Nonfarm Payrolls, the national unemployment rate and weekly report on new jobless claims. ADP issued its monthly report on private sector payrolls. Readings on labor statistics are important to housing markets as stable employment conditions are a significant consideration for prospective home buyers.
Ready to Relocate? 3 Tips on How to Set a Moving Budget That Won’t Break the Bank
Relocating to a new area can be exciting, but it can also be expensive. There are many resources to help, but most cost money. However, if you take your time and plan carefully, you can reduce the expense so you dont start your new life with new debt.
Understanding Lower FHA Mortgage Insurance Premiums and How They May Help You Save Money
FHA loans are designed to help individuals take advantage of the benefits of home ownership, and these loans have low down payment requirements. Recently, the FHA has announced a lower rate for FHA mortgage insurance premiums, and this can help home buyers save money.
Real Estate Investing: Why Buying Raw Land Can Be an Excellent Long-Term Strategy
When many people think about investing in property, they think about purchasing income-producing real estate such as a residential property or an office building with tenants. By learning more about the benefits of investing in raw land, you may be ready to start searching for real estate to invest in soon.
Save Some Additional Cash with Our Guide to Lowering Your Monthly Mortgage Payment
If you are like many other homeowners, your home mortgage payment is the single largest expense in your monthly budget. This is a fixed expense that you will typically be responsible for until your loan is paid in full or until you sell your home, and you may have a 15, 20 or even 30 year term on your mortgage.
What’s Ahead For Mortgage Rates This Week – May 4, 2015
Last week’s economic news included Case-Shiller Home Price Index reports, the Fedâs FOMC meeting statement and pending home sales. Freddie Mac mortgage rates and weekly jobless claims were also released as usual.
Thinking About a Major Renovation? Three Reasons to Consider Adding a Second Story
When your home is no longer fully functional for your needs, you may be thinking about moving into a larger home with a more functional floor plan. While this is one option to consider, another option is to renovate your existing home. There are several reasons why adding a second story to your floor plan may be the best solution for you.
Do You Need a Real Estate Attorney to Help Close Your Home Purchase? Let’s Take a Look
When buying a new home, you may have a close eye focused on your budget and expenses, and your goal may be to keep related expenses to a minimum. However, you may also be well aware that a real estate purchase is a legal transaction, and you may be wondering if you need to pay for legal services from a real estate attorney.
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