If you are considering a second home, you should be aware of the expenses that come with it. As with your primary home, there are plenty of costs that go well beyond the mortgage payment. While you may have considered (or certainly should have) the cost of homeowners insurance, property taxes and even an HOA […]
If you are going to be in the market for a new home soon there are plenty of things to consider as well as actions to take to make sure you are ready before you start touring homes. Here are a few things to consider when preparing to purchase a new house: Are you ready? […]
As interest rates continue to hit new lows, many homeowners have considered refinancing their mortgage. If you fall into this category, it is best to get the process started if you want to avoid a new mortgage refinance fee that is being rolled out by Fannie Mae and Freddie Mac, the government-sponsored mortgage giants who […]
Due to historically low interest rates, many homeowners are refinancing their mortgages. In fact, close to 1.7 million U.S. homeowners refinanced over April, May and June of this year, according to Attom Data Solutions. This is over double the number who refinanced loans during the same period in 2019. The coronavirus has had a major […]
Buying a home is one of the biggest investments most of us make and once you have built up a bit of equity in your home, you may be looking for ways to leverage that equity to use for other proposes. While a home equity loan is one way to get some of the money […]
The end of the extra $600 per week unemployment benefit will happen this week if Congress doesn’t manage to pass an extension and that could be a huge problem for many families. Over the last few months, Americans who qualify for unemployment insurance have received an extra $600 a week in federal assistance on top […]
As mortgage rates slide to their lowest levels in years, many experts are recommending that homeowners consider refinancing their homes. The thirty-year fixed-rate mortgage is now averaging less than 3 percent in many areas, which could offer major savings to homeowners carrying higher interest rates. A new report from Fannie Mae, says the majority of […]
Spring usually kicks off the summer season of real estate activity as homeowners put their houses on the market. However, this year may be a bit different thanks to the varying degrees of lockdown being enforced around the country. This can shut down open houses and even make individual showings difficult. The National Association of […]
According to a new report by the McKinsey Global Institute, real estate values in Florida will continue to drop due to climate change and rising sea levels. The report found that real estate values have already dropped by an estimated $5 billion dollars and that number could climb to $80 billion over the next 30 […]
Homeowners across the country are suffering as unemployment climbs across all industries, making it difficult for many homeowners to cover all of their bills. The Federal government, as well as some private mortgage companies are offering a bit of help by allowing some homeowners to apply for mortgage relief. While this sounds great, there can […]