If you're looking to invest in a cottage or waterfront getaway, there are three key things to keep in mind throughout your search. How's The House? Even if the lake is the highlight of a property you're considering, it is important to make sure that the home is equally as great as the beautiful body of water it borders. How's its orientation? Is it built on the ideal angle to take full advantage of the sun? Does the deck or large windows face another house directly? The orientation is an … [Read more...]
Feeling the Squeeze of Rising Rents? Here Are 3 Reasons You Should Consider Buying a Starter Home
With real estate becoming more affordable, new homes being sold in a range of prices and the cost of rent going up, there has never been a better time to consider buying a starter home. Put That Rent Money Into Your Own Property People who live in areas that have become trendy know the pain of rising rent rates. At what point is the amount of money being spent on rent more advantageous to put into a new home? Starter homes are not the crazy investment they used to be. With the increase in condo … [Read more...]
3 Things That Determine Your Mortgage Interest Rate
When you initially start shopping for a home mortgage, you may be drawn to advertisements for ultra-low interest rates. These may be rates that seem too good to be true, and you may gladly contact the lender or mortgage company to complete your loan application. However, in many cases, mortgage applicants are unpleasantly surprised and even disheartened to learn that they do not qualify for the advertised interest rate. By learning more about the factors that influence your interest rate, you … [Read more...]
What’s Ahead For Mortgage Rates This Week – September 19, 2016
Last week's economic news included reports on retail sales, inflation, and weekly reports on mortgage rates and new jobless claims. Retail Sales Slip as Consumer Prices Inch Up Retail sales dipped into negative territory in August with a reading of -0.30 percent as compared to expectations of -0.10 percent and July's reading of +0.10 percent. Retail sales excluding auto sales were better at +0.30 percent. Analysts expected a reading of +0.20 percent based on July's reading of -0.40 percent. … [Read more...]
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