26
Jan
By Todd Grey
Home Buyer Tips, ,

Are You Ready for Home Ownership? Find Out by Answering These 4 Questions

Do you ever dream about a larger, roomier, or more luxurious living space? Or perhaps just want to experience the joy of owning your own home and building your net worth instead of renting? Let's explore a few questions that can help to answer whether or not you're ready for a new lifestyle as a homeowner. Can You Realistically Afford To Buy A Home? The first consideration to make is a financial one: can you afford it? Buying a home is a significant financial investment. In most cases, you'll need to manage monthly mortgage payments for many years. The good…
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25
Jan
By Todd Grey
Mortgage, ,

Maximizing Your Mortgage: Unveiling Strategies for Faster Payoff and Interest Savings

Owning a home is a significant milestone, but the burden of a mortgage can loom large. Fortunately, there are various strategies to expedite your journey to mortgage-free living, ultimately saving you money on interest payments. We will discuss mortgage payment strategies, such as bi-weekly payments, extra payments, and more, to empower homeowners in their quest for financial freedom. Bi-Weekly Payments: The Power of Half Payments: Traditional mortgage payments occur monthly, resulting in 12 payments annually. However, by switching to a bi-weekly payment schedule, you effectively make half of your monthly payment every two weeks. This results in 26 half-payments per…
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24
Jan
By Todd Grey
Homebuyer Tips, ,

10 Tips to Secure Your Home While You’re on Vacation

A vacation is a time to relax and unwind, but it's essential to ensure that your home remains safe while you're away. Nobody wants to return from a fantastic trip to find their home has been broken into. With a few precautionary measures, you can significantly reduce the risk of your home becoming an easy target for theft. Here are ten tips to help secure your home while you're on vacation: Notify Trusted Neighbors or Friends: Let a few close neighbors or friends know about your travel plans. They can keep an eye on your property, pick up mail, and…
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23
Jan
By Todd Grey
Mortgage, ,

What You Need to Know About High-Value Jumbo Mortgage Loans

In the realm of real estate, dreams often come in various sizes. For those with aspirations of owning a luxurious home that goes beyond the conventional price range, understanding the particulars of financing becomes vital. Enter the world of Jumbo Loans, a specialized form of mortgage designed for high-value homes. We will review the key aspects of Jumbo Loans and provide valuable insights for consumers looking to step into the realm of high-value real estate. What is a Jumbo Loan? A Jumbo Loan is a mortgage that exceeds the conforming loan limits set by government-sponsored enterprises (GSEs) like Fannie Mae…
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22
Jan
By Todd Grey
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – January 22nd, 2024

The following week of CPI and PPI reports are typically lighter, with this week showing the same trend. There are a number of interesting interim reports that are worth noting however, including the Federal Reserve’s Beige Book which indicates the labor market has been cooling across most of the country. Following up is the Consumer Sentiment Reports, which is an excellent indicator for how the average consumer feels about their buying power, reflecting on the current economic conditions. Slower inflation, cheaper gas and a healthy economy have boosted optimism. Lastly, retail sales reports showing activity in December. Consumer Sentiment Report…
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