Are you interested in paying less per month on your mortgage? Or perhaps you would prefer if your mortgage was paid off a couple of months – or years – faster? If you are a homeowner with a mortgage, one option that is open to you is refinancing. In today's post, we will explore the topic of mortgage refinancing and how to know if it is a good idea. How Does Refinancing Work? In short, refinancing is a process in which pay off your existing mortgage and borrow a new mortgage under a … [Read more...]
How To Finance A Home Renovation
The housing market continues to be very competitive, so you may have to be a bit more flexible with what you are looking for. For example, you may come across a home that is not quite perfect, but it has a lot of the features that you need. In that case, you may be wondering how you can finance a home renovation. One of the best ways to do so is using the FHA Streamline 203(k) program. What Can The FHA Streamline Program Finance? There are several examples of home renovations you may be … [Read more...]
What’s Ahead For Mortgage Rates This Week – December 12, 2022
Last week’s scheduled economic reports included preliminary monthly readings on inflation and consumer sentiment along with weekly reporting on mortgage rates and jobless claims. University of Michigan Reports Slower Inflationary Growth The University of Michigan predicted lower inflationary growth as December’s year-over-year reading for inflation fell to 4.6 percent from November’s year-over-year reading of 4.9 percent. This was the lowest inflation reading since September … [Read more...]
Buying a Home in a Fire Risk Area: Here’s What You Need to Know
Outside of the significant financial responsibility of delving into home ownership, there can also be a lot of other risks involved that you may not have thought about before investing in a home. You'll need to protect your home against theft or burglary. And homeowner's insurance to protect your home and belongings is almost a requirement. But there are other less common occurrences you may not have thought about. If you happen to be living in an area that's at high risk of fire, here are some … [Read more...]
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