Technology has come a long way, and you might be thinking about turning your house into a smart home. Now, there are a lot of smart home products available, and you may have a difficult time keeping track of which ones are best for you. What are some of the top smart home products you need to know about? A Smart Lock If you are tired of misplacing your keys, you should consider investing in a smart lock. Smart locks come in many shapes and forms, and many of them allow you to program multiple … [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...]
Use A Fixer-Upper Mortgage To Expand Your Options
Many people purchasing a home for the first time are running into the same problem. There simply are not enough starter or entry-level houses available in the current market that are ready for people to move into. One solution some home buyers are exploring is to buy a fixer-upper home. With a home renovation mortgage, prospective homebuyers can qualify for a home loan that combines the cost of home improvements with the purchase price of the house. A Lack Of Affordable Homes Regardless of … [Read more...]
What’s Ahead For Mortgage Rates This Week – May 16, 2022
Last week’s economic reporting included readings and forecasts on inflation and the University of Michigan’s preliminary consumer sentiment survey. Weekly readings on mortgage rates and jobless claims were also released. Inflation Reports: Mixed Results for April Commerce Department readings on consumer inflation showed mixed results in April; the Consumer Price Index dropped to 0.30 percent growth from the March reading of 1.20 percent inflation. Analysts expected 0.30 percent … [Read more...]
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