Recently, the Biden Administration unveiled a plan to help low-income and first-time homebuyers save an average of $800 per year on mortgage insurance costs. The plan is an attempt to help make housing more affordable as higher mortgage rates and skyrocketing home prices have pushed homeownership out of reach for many potential buyers. The plan […]
If you live in a development that has a Homeowners association (HOA), you already know they are designed to maintain the shared community parks, playgrounds and even swimming pools. However, a HOA comes with a fee that can be monthly, quarterly or even yearly. These HOA fees are used to cover repairs or upgrades to […]
Many of us are concerned about how the housing market will fare as interest rates head up and a looming recession takes hold. Will home values crash as they did during the Great Recession or will they simply stop rising and settle in at their current values. While no one can predict the future, Fed […]
Saving up the down payment for a home can be difficult and can take a long time. If you are struggling to save up enough for a house down payment, you may want to consider an 80/20 loan which can help get you into a home, even if you don’t have enough for a 20 […]
According to some researchers, mortgages and refinances were the only bright spots during this otherwise bleak period of history we are currently living in. This year has been a little more stable than usual. Recent Freddie Mac updates show 30-year fixed-rate loan rates dropped to 3.05 percent ending the week of 12/23/2021, marking the most significant rate […]
Last week we looked at what it costs to build a home, this week we thought we would look at some of the expenses you can expect when purchasing an existing home. If you are in the market for a new home, you may be wondering, how much house can I actually afford? This question is more […]
While mortgage rates in the U.S. have been under 3 percent for a few months, there is a good chance they will be headed up later in the year. As unemployment rates have dropped and more Americans are being vaccinated the economy is expected to recover, which will likely lead to higher mortgage rates. If […]
Baby Boomers, which is the generation born between 1946 and 1964 retired in record rates during 2020. According to statistics, roughly 2 million boomers have retired every year since 2011. However, in 2020, a whopping 3.2 million boomers turned in their two-week notice. Luckily, Baby Boomers have seen a huge surge in home values as […]
If you are in the market for a new home, one of the most important components of buying a house is finding the right homeowners insurance policy. Homeowners insurance is not only required by your lender, it’s a safety net in the event that something happens to your home. There are a few questions you […]
While buying a house can be exciting, it can also be complicated. Once you have found your perfect house, you will need to find financing and then navigate a minefield of inspections and paperwork. One part of the paperwork that can be confusing is closing costs. The offer you make on the home will spell […]