Blog – Page 120 of 390

05

Sep

Financial ReportsCase Shiller, Financial Report, Housing Market

What’s Ahead For Mortgage Rates This Week – September 5, 2023

Last week’s economic reporting included readings on inflation, consumer sentiment, and weekly readings on mortgage rates and jobless claims. Inflation Rates Are Similar in August Month-to-month, the inflation rate holds relatively steady at 3.18 percent. This is slightly up when compared to 2.97 percent last month; however, it is significantly lower than the rate of 8.52 percent last year. When compared to the long-term average, inflation is trending in the right direction, as the long-term average is 3.2 percent. Inflation rose at a pace of 0.20 percent in July and met analysts’ expectations. There was no change in the…

01

Sep

By Todd Grey

MortgageHELOC, Interest Rates, Mortgage

Understanding the Mechanics of a HELOC Loan

For many homeowners, a Home Equity Line of Credit (HELOC) can be an attractive financial tool, offering a flexible way to access funds while leveraging their property's equity. A HELOC works differently from a traditional home loan or mortgage, providing borrowers with a revolving credit line that they can draw from as needed. What is a HELOC? A Home Equity Line of Credit is a type of loan that allows homeowners to borrow against the equity they have built in their property. Equity is the difference between the home's current market value and the outstanding mortgage balance. HELOCs are typically…

31

Aug

By Todd Grey

MortgageBuy Vs Building, Mortgage, New Home

Buying Vs. Building a House

Deciding whether to buy or build a house can be a complex decision that depends on several factors. Here are some pros and cons to consider: Pros of Buying a House: Convenience: Buying a house is generally quicker and more convenient than building one. You can move in as soon as you close the deal, without having to wait for construction to be completed. Location: When you buy a house, you have the opportunity to choose a home in an established neighborhood with existing amenities such as schools, parks, shopping centers, and other essential services. You can choose a location…

30

Aug

By Todd Grey

MortgageClosing Costs, Mortgage, New Home

How to Save The Most Money When Buying a House

Buying a house is one of the most significant financial decisions in one's life, and it's essential to make smart choices to save money during the process. While purchasing a home can be expensive, there are several strategies you can implement to maximize your savings and make the most of your investment. Here are some valuable tips on how to save as much money as possible when buying a house: Research and Compare Mortgage Options: When considering a mortgage, do thorough research to find the best interest rates and terms available. Compare offers from multiple lenders and don't be afraid…

29

Aug

By Todd Grey

MortgageMortgage, New Home, Property Lines

What To Know About Property Lines

If you are in the process of buying a new home, you know that there are a lot of moving parts involved. You need to know everything you can about a potential house before you decide to purchase it, and that includes the property lines. What do you need to know about property lines, and why are they so important? How Are Property Lines Drawn? While property lines are the borders that separate one property from another, they are also legal boundaries. Essentially, property lines determine what you do and do not own. There is a chance that someone may…