Mortgage Archives - Page 9 of 11

Home Improvement Projects For The Quarantined

edcurrie2020-03-26T12:40:11-04:00Mortgage|

If you have paid attention to the news recently, you have probably heard about the coronavirus pandemic which also goes by the name COVID-19. Those who are exposed to the virus might be asked to place themselves in quarantine. Some states have even told their residents to shelter in place. While this infection has forced everyone to change the way they live their lives, there are still some home improvement projects you can tackle during quarantine to put your free time to use.

Home Sales Are Spiking, Driven By Low Mortgage Rates

edcurrie2020-03-24T12:40:10-04:00Mortgage|

According to data from the National Association of Realtors, existing-home sales increased by 3.6% in December 2019. That pace is the strongest month-over-month in almost two years, since February 2018. The sales figures were also up 10.8% from what they were in December 2018.

Coronavirus (COVID-19) Concerns Lead To Drop In Mortgage Rates

edcurrie2020-03-20T12:40:08-04:00Mortgage|

The issues surrounding the Coronavirus (COVID-19) epidemic have impacted the entire world. This includes the stock market right here at home. The stock market has plummeted and so, too, have mortgage rates. While the Coronavirus (COVID-19) gives everyone cause for concern, real estate agents are saying that now is the right time to buy a house.

More Than 25% Of Millennial Homebuyers May Be Financially Unprepared

edcurrie2020-03-19T12:40:10-04:00Mortgage|

Millennials are the first generation in America that will probably not be able to do as well as their parents. In the United States, there is not as much upward mobility as there was in the past. What is the cause of this?

The Long-Term Toll Of College Costs

edcurrie2020-03-12T12:40:11-04:00Mortgage|

Taking out enormous student loans to get a college degree may be a terrible idea for some. The burden of paying off this debt can make it far more challenging to do other important things like buying a home.

Wealthy Seniors Can Benefit From Jumbo Products

edcurrie2020-03-11T12:40:10-04:00Mortgage|

Individuals who own their homes with a considerable amount of equity should consider looking into proprietary jumbo reverse mortgages. These can be helpful tools that may allow seniors to either pay down an existing mortgage or fund their retirement.

Most Renters Are Paying Far More Than Their Landlord’s Mortgage

edcurrie2020-03-05T13:40:12-05:00Mortgage|

In the overwhelming majority of the 50 largest cities across the U.S., monthly rent is more than the mortgage payment for single-family homes. In several cases, much more.

Should I Pay Off My Mortgage Or Invest the Money?

edcurrie2020-02-28T13:40:10-05:00Mortgage|

To understand what to do with a windfall or extra disposable income when it comes to paying down a mortgage or investing the money, we need to discuss and understand the concept of opportunity cost.

Find The Best Mortgage Deal With A Few Simple Steps

edcurrie2020-02-27T13:40:12-05:00Mortgage|

Currently, this is a great time to be in the market for a new home. The interest rates on mortgages have fallen countless times over the past few years. Even though interest rates have been in the double-digits in the past, there are homeowners today who are able to agree to a mortgage for less than three percent.

Ensuring Home Contractors Are Following The Rules Under HICPA

edcurrie2020-02-26T13:40:09-05:00Mortgage|

There are many homeowners who hire contractors to make repairs or upgrades on their homes. It is critical for home improvement contractors to follow all rules and regulations set forth by the law. These regulations have been set forth under the Home Improvement Consumer Protection Act, or HICPA.

3 Tips to Find the Best Neighborhood to Live In

edcurrie2020-02-25T13:40:10-05:00Mortgage|

The vast majority of people are going to move at least once in their life. Moves can vary in distance. Sometimes, these moves are across town. Other times, they might be across the country. Regardless of the distance, is important to find a neighborhood that fits both the budget and lifestyle. There are a few tips to keep in mind.

FHA Down Payment Requirements: Homeownership Without A Big Savings Account

edcurrie2020-02-21T13:40:11-05:00Mortgage|

Buying a home for the first time can be a challenge. One of the tools created to help people buy a home for the first time comes in the form of FHA loans. There were loans that were supported by the Federal Housing Administration (FHA). They can require a down payment that is as low as 3.5 percent.