Last week's economic news included readings on sales of new and previously-owned homes, Weekly readings on mortgage rates and new jobless claims were also released, along with coverage of Fed Chair Janet Yellen's remarks at a conference in Jackson Hole, Wyoming. Home Sales Lower in July According to the Commerce Department, new home sales fell to a seven-month low in July; 571,000 new homes were sold on a seasonally-adjusted annual basis in July. This reading fell short of the expected sales rate of 608,000 new home sales and June's reading of 630,000 sales. This was unwelcome news for … [Read More...]
Buying a home for the first time? If you plan on taking out a mortgage, you will likely want to know just how you can get pre-approved for enough financing to get the home of your dreams. In today's post, we will share four tips that will help you to boost your chances of a successful pre-approval when you apply for a mortgage.
Get pre-approved now to find out what all of your options are for a first time home buyer.
Polish Up Your Credit Score
It should come as no surprise that your credit score is one area every mortgage lender is going to inspect. Order a copy of your credit report … [Read More...]
From a sophisticated couch to a stunning art print, there are plenty of ways that you can dress up your living room and instantly change its vibe. You may not realize it, but wallpaper is back in fashion and becoming another popular way to instantly revamp a room. If you're contemplating ways that wallpaper can benefit your space, here are some options you may want to try out. Add An Accent A brightly colored accent wall may have been a popular trend a few years ago, but a way to bring your wall into current fashion can be to add wallpaper. In addition to a fun print, wallpaper can instantly … [Read More...]
Are you thinking about buying a new home using a mortgage loan? If you've just graduated from college, or just have student loan debt that you've been working on since you graduated, you're probably wondering how your student loans will impact a mortgage and what your options are. In today's post we'll share three things that you need to know about mortgages if you're still working on paying off your student loan debt.
Get pre-qualified today here. Find the right home loan before you shop for a house.
#1: Yes, Your Student Loan Will Affect Your Application
You might as well embrace … [Read More...]
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."
Get a free rate quote on a FHA 203k Renovation Loan here.
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...]