According to research from The Ascent, in 2019, homeowners spent an average of $26,418 per year in housing costs, while renters forked up $17,809 a year. Homeowners must spend an additional $8,609 a year according to the data. Homeowners typically have expenses that renter’s don’t have to cover at all or are less expensive for […]
Mortgage rates have hit a record low after the US Federal Reserve drop rates to help combat the economic impact from the spread of the coronavirus. This can be a good time to consider refinancing to a lower rate and taking advantage of the savings a cheaper interest rate can provide. Recently, the average interest […]
Thinking about buying a second home? You are certainly not alone. According to data from the National Association of Home Builders (NAHB), roughly 7.4 million homes were second houses in 2016 which is about 5.6 percent of the total housing stock. When it comes to second homes, not all states are created equal. Florida is the […]
Purchasing your first home can be scary and confusing as well as exciting. There are dozens of decisions to be made and if you are not careful you may make a mistake that you will have to live with for years. If you are in the market for your first home, or have been in […]
If you are in the market for a new home and have been preapproved for a big, fat mortgage you may want to step back and calculate what you can actually afford to cover on a monthly basis. There can often be a disconnect between what a homebuyer is approved for by their mortgage lender […]