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Home Expenses Include Far More Than Just the Down payment

edcurrie2020-11-25T13:40:08-05:00Mortgage|

If you are thinking about purchasing your first home in the near future, then you need to be aware of the costs that you are going to take on. When you are looking at the cost of a home, it is very tempting to focus on the sticker price of the home. Even though the down payment is going to be the largest check you are going to write, this is not the only cost that you are going to pay. There are numerous other costs for which you need to budget as well. By thinking about all of these costs ahead of time, you can make a smart financial decision for you and your family.

Important Advice For Locating The Right Neighborhood

edcurrie2020-11-24T13:40:09-05:00Mortagage Tips|

When people are thinking about moving, they want to make sure they find the right neighborhood. At the same time, it is not always easy for many homeowners to decide where they are going to live. Particularly if they are not familiar with the local community, there are a few important points that everyone should keep in mind. By thinking about these factors ahead of time, potential homeowners are going to place themselves in a position to be successful when they purchase their next home.

What’s Ahead For Mortgage Rates This Week – November 23, 2020

edcurrie2020-11-23T13:40:08-05:00Financial Reports|

Last week's economic reporting included readings on housing market conditions, sales of previously owned homes, and housing starts and building permits issued. Weekly reports on mortgage rates and jobless claims were also released.

Understanding the Difference Between a Mortgage Pre-qualification and a Pre-approval

edcurrie2020-11-20T13:40:10-05:00Home Mortgage Tips|

If you're in the market for a new home and you've been researching mortgages, you've likely come across the terms "pre-qualification" and "pre-approval". While these terms are self-explanatory in some circumstances, they are quite different in regards to mortgage financing. In today's blog post we'll explain the difference between a mortgage pre-qualification and a pre-approval.

Is Home Insurance Required When You Buy A House?

edcurrie2020-11-19T13:40:16-05:00Mortgage Tips|

For those who are thinking about buying a house in the near future, they are probably in the process of tabulating up all of their expenses. One of the common expenses is home insurance. Even though home insurance is certainly recommended, is it actually required? There are many situations where it is required. At the same time, even when it is not required, it is still a good idea. When it comes to homeowners' insurance, there are a few important points to keep in mind.

NAHB: Rising Demand for Homes Boosts Builder Confidence

edcurrie2020-11-18T13:40:10-05:00Real Estate|

Builder confidence in housing market conditions reached a new record high in November according to the National Association of Home Builders. November's index reading of 90 was five points higher than in October. Index readings over 50 indicate positive builder sentiment toward market conditions. Readings for the Housing Market Index fell below 50 in April and May as the COVID-19 pandemic grew.

A Late Payment: Credit Score Impact

edcurrie2020-11-17T13:40:08-05:00Mortgage|

This has been a difficult year for everyone. There are lots of people who are worried that they might not be able to keep up with their mortgage payments. Small businesses have had to close their doors and numerous individuals have been laid off from work.

What’s Ahead For Mortgage Rates This Week – November 16, 2020

edcurrie2020-11-16T13:40:09-05:00Financial Reports|

Last week's economic reporting included readings on inflation and consumer sentiment along with weekly readings on mortgage rates and jobless claims. Federal Reserve Chair Jerome Powell and Federal Reserve Board members addressed economic expectations resulting from the COVID-19.

Three Hot Renovations That Will Boost Your Home’s Value Without Breaking the Bank

edcurrie2020-11-13T13:40:11-05:00Around The Home|

Are you feeling the "renovation itch" or perhaps looking for a fun project that you can take on which will provide you with a return on your investment? Let's take a look at three popular home renovations that can increase your home equity without draining your bank account.

How Are Different Mortgage Lenders Handling Student Loans During the Pandemic?

edcurrie2020-11-12T13:40:10-05:00Mortgage|

The coronavirus pandemic has had a massive impact on everyone. This pandemic has led to massive economic issues as well. Given the ongoing crisis as it relates to student loan debt, many students are wondering how the pandemic is going to impact their student loans and how their student loans are going to impact a potential mortgage payment. There are a few points to keep in mind.

A Few Simple Ways To Upgrade The Kitchen Pantry

edcurrie2020-11-10T13:40:12-05:00Mortgage|

During the past few months, people have been spending much more time at home than usual. Therefore, many people are looking for ways to upgrade their homes. A common area of focus is the kitchen. Even though many people are thinking about upgrading cabinets and countertops, the kitchen pantry should also be a target for home improvement. There are a few simple ways that everyone can improve their kitchen pantry.

What’s Ahead For Mortgage Rates This Week – November 9, 2020

edcurrie2020-11-09T13:40:09-05:00Financial Reports|

Last week's economic news included readings on construction spending, the Fed's Federal Open Market Committee statement, and a press conference by Federal Reserve chairman Jerome Powell. Labor data on public and private sector jobs and the national unemployment rate were reported along with weekly readings on mortgage rates and jobless claims.