There are a lot of people who would like to remain in their homes for as long as possible. Unfortunately, a traditional home may have a few features that can make it difficult for people to stay in their homes as they get older. There are some modifications that can be done relatively easily to reduce the risk of falls. This includes adding handrails, improving the lighting, and even adding seats in the shower. Unfortunately, some modifications, such as making a home wheelchair accessible, can … [Read more...]
What’s Ahead For Mortgage Rates This Week – May 31, 2022
Last week’s economic reporting included readings on new and pending home sales, minutes from the Federal Reserve's recent Federal Open Market Committee meeting, and data on inflation. Weekly readings on mortgage rates and jobless claims were also released. New and Pending Home Sales Fall The annual pace of new home sales fell in April according to the Commerce Department. Year-over-year sales of new homes fell to a pace of 591,000 sales as compared to the March reading of 709,000 sales … [Read more...]
Whatever You Do, Don’t Make These Common Mortgage Mistakes
Are you applying for a mortgage on your home? Keep in mind that a mortgage is a major financial decision and choosing one will have a significant impact on the rest of your life. Many people go into this decision without understanding all of the essential mortgage information they need to know, which means that they are likely to make poor choices that will result in paying much more than they need to. If you want to save yourself from throwing away your hard earned money, here are a few common … [Read more...]
FHA Streamline Refinance Mortgage Loan Program
Refinancing a home loan can provide numerous benefits, but it can also seem daunting and intimidating to some. Many homeowners would love to lower their interest rate or take advantage of other benefits associated with refinancing, but they are concerned about the time and expense associated with refinancing their current mortgage. The FHA Streamline Refinance loan program is designed to provide those who currently have an FHA loan with an easier way to refinance their mortgage, and this may be … [Read more...]
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