It's not uncommon for a homeowner to want to pay more than the minimum monthly mortgage payment on their home. However, just because it can seem hard to come up with the funds on a monthly basis doesn't mean it's not possible to find the money for extra mortgage payments each year. If you're wondering how you can pay down your mortgage debt much sooner with extra money, here are some tricks you may want to try. Relinquish Your Refund Many people look forward to tax time because it's an … [Read more...]
What’s Ahead For Mortgage Rates This Week – July 31, 2017
Last week's economic news included readings on new and existing home sales, Case-Shiller Home Price Index reports and an announcement by the Federal Open Market Committee of the Federal Reserve. Weekly readings on mortgage rates and new jobless claims were also released. New and Existing Home Sales Mixed in June Sales of new homes rose in June rose to a seasonally- adjusted annual rate of 610,000 homes. Analysts expected 614,000 new home sales based on May's reading of 605,000 new home sales. … [Read more...]
Investing in a New Home? 3 Reasons You Can’t Skip the Pest Inspection
There are so many small details involved in the final purchase of a home that it can be easy to lose track of the things that need to be done. While you won't be able to forget about a home inspection, a pest inspection can be every bit as important before you sign on the dotted line. If you're wondering why you shouldn't forego this important step, consider the following information. The Final Offer Few people want to deal with problems, especially when it comes to their dream home. But the … [Read more...]
Forget About the Bank of Mom and Dad — Here’s How You Can Save Your Own Down Payment
Are you considering buying a home for the first time? For some, it can seem nearly impossible to come up with the funds for the down payment. Fortunately, there are a few ways that you can save a little over time and not have to borrow from the "Bank of Mom and Dad". If you're looking to invest in a home in the short-term and are looking for solutions to save up, here are some tips on how to get to your down payment amount more quickly. Create A Budget Most people don't like the idea of a … [Read more...]
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