The mortgage application process can be fraught with a lot of stress on its own, but if you've experienced issues with your credit in the past it can be even more taxing. While there may be a lot of things you may not be aware of when it comes to their impact on your credit, here are some things to watch out for if you're planning on purchasing a home in the short-term future. Applying For Extra Credit Whether you've just been offered a great new deal by a department store or you're not even … [Read more...]
What Fees Are Involved With a Reverse Mortgage? Let’s Take a Look
Investing in a home may be one of the most significant purchases you'll make in your lifetime, but many people forget that there are a number of other costs associated with buying a home. If you're considering a reverse mortgage and want to be clear on all of the fees involved, here are a few things you can expect to come across. Initial Home Appraisal Fee In order to ensure that you qualify for a reverse mortgage, you'll need to spend a lump sum up front to determine the market cost of your … [Read more...]
Yes, It’s True! Why Replacing Your Front Door Can Help to Sell Your Home Faster
There are plenty of things that you'll need to shape up when you embark on selling your home, whether it's painting the house or the minor fix-ups, but it's easy to forget about some items that will be readily apparent to homebuyers. If you're preparing to put your home on the market and are wondering what you shouldn't miss, here are a few reasons why replacing your front door should be at the top of the list. It's The First Thing Buyers Will Notice While the yard and the exterior of your home … [Read more...]
What’s Ahead For Mortgage Rates This Week – May 8, 2017
Last week's economic news included readings on construction spending, the post-meeting statement by the Fed's Open Market Committee and labor-related reports including ADP payrolls, Non-farm payrolls and the national unemployment rate. Weekly readings on new jobless claims and mortgage rates were also released. Fed Rate Unchanged, Mortgage Rates Hold Steady Federal Reserve policymakers did not change the target federal funds rate, which ranges from 0.75 to 1.00 percent. In its usual post-meeting … [Read more...]
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