Last week's economic releases included reports on new and pending home sales, S&P Case-Shiller Home Price Indices and regularly scheduled weekly reporting on mortgage rates and weekly jobless claims. Readings on consumer sentiment and confidence were also released. New and Pending Home Sales Lower as Peak Sales Season Winds Down August readings for new and pending home sales were lower than for July; analysts said that slim supplies of available homes and rising home prices contributed to … [Read more...]
Credit Score Got You Concerned? Here’s 3 Ways to Get It Together
If you're worried about your bad credit, you'll want to do everything in your power to improve your rating as quickly as possible - especially if you are looking to purchase a home in the near future. Improving your credit rating can give you access to better interest rates on mortgages or even help you to get that job you're after. IMPORTANT! If you are currently involved in a home loan transaction, speak with your trusted mortgage lender before taking any action regarding your credit! So how … [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...]
Thinking of Buying a Second Home? Assess Your Finances First
The decision to buy a second home may be made for a number of reasons. For example, you may have a destination where you and your family love to spend free time in, and you may be ready to settle into your own space in this location. You may be considering the tax benefits associated with a second home, and you may even have plans to live in the home as your primary residence after you retire. While there may be numerous benefits associated with the purchase of your second home, you may be … [Read more...]
