Take a look around your home. Do you feel that burning desire to renovate or upgrade certain areas? Perhaps it's the kitchen countertops or the décor in the master bedroom. Whatever the case, if you're itching to take on a home renovation project you'll want to ensure it's one that makes your life better – not worse! Let's take a look at four tips that will help you to avoid experiencing "renovator's remorse."
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Ask Yourself: Will This Project Add Value?
If you're renovating to build equity in your home, you'll want to determine … [Read More...]
Last week's economic readings included the National Association of Home Builders Housing Market Index and readings on housing starts and building permits issued. Consumer sentiment for August was reported by the University of Michigan. Weekly reports on mortgage rates and new jobless claims were also released. NAHB: Builder Confidence Jumps 4 Points in August Builder confidence in housing market conditions improved by four index points in August after reaching its lowest reading in eight months in July. Builder confidence rose in consideration of a strong labor market and overall economic … [Read More...]
Are you thinking about buying a house or condo? In many markets across the country, there's never been a better time than now to become a homeowner. In this post, we'll share a few reasons why the conditions are right to jump into the market and buy a new home.
Get pre-qualified and see what your options are using our Home Purchase Qualifier tool here.
Interest Rates Are Heading Up
If you're like most home buyers, you're probably looking to make use of mortgage financing to help spread out the purchase cost over a longer period of time. If so, you'll want to make a move in 2017 so you … [Read More...]
Are you thinking about buying a new house? Whether you're a first-time or experienced buyer, if your credit score isn't looking too hot it can impact your mortgage financing terms – or worse, whether you're approved at all! But don't fret. It's still possible to get a mortgage approved, even with credit issues. Below we'll share a few ways that you can get a mortgage loan even if your credit is less than perfect.
Consider An FHA Mortgage or VA Mortgage
For many individuals with credit issues, the Federal Housing Administration's guaranteed loan programs are a good choice. In essence, … [Read More...]
Home builder confidence in housing market conditions surged in August after sagging to an eight-month low in July. The National Association of Home Builders reported a July reading of 68 in August after analysts expected a one- point increase from July's Housing Market Index reading of 64. Any reading over 50 indicates that more builders consider housing market conditions positive than those who do not. Component readings of the Housing Market Index also improved in August. Builder confidence in current housing market condition rose four points to 74; Builder confidence in housing market … [Read More...]
If you are approaching your golden years and seeking a bit of financial flexibility, you might want to look at a reverse mortgage. This unique financial product is only open to individuals over 62 years of age. It allows you to convert some of your home's equity into cash which you can use as needed in your retirement. Of course, a reverse mortgage isn't without its costs. Let's explore the fees that you will encounter when you take out a reverse mortgage loan. Upfront And Pre-Closing Costs The first step in getting a reverse mortgage (also known as a Home Equity Conversion Mortgage or "HECM") … [Read More...]