Beyond the mortgage, maintenance and property taxes of a new home, you may not be aware that many newer communities require you to be part of the Homeowner Association (HOA). If you're wondering about what the HOA entails and how this can impact the home and community you live in, here are some facts that may be important to know before you buy. What Is A HOA? If you happen to have a Homeowner Association present in your new community, it's important to know that this body works to enforce the … [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...]
What’s Ahead For Mortgage Rates This Week – August 29, 2016
Last week's economic reports included readings on new and existing home sales, a speech by Fed Chair Janet Yellen, and a report on consumer sentiment. Weekly reports on mortgage rates and new jobless claims were also released. New Home Sales Rise in July as Pre-Owned Home Sales Fall Sales of new homes jumped in July to a seasonally-adjusted annual rate of 654,000 sales, which surpassed expectations of 579,000 sales and June's downwardly-revised reading of 582,000 sales. This was the highest … [Read more...]
Why Your ‘Debt-to-Income Ratio’ Number Matters When Obtaining a Mortgage
If you are looking to buy a home, you may want to consider shopping for a loan first. Having your financing squared away ahead of time can make it easier to be taken seriously by buyers and help move along the closing process. For those who are looking to get a mortgage soon, keep in mind that the Debt-to-Income ratio of the borrower plays a huge role in the approval of your mortgage application. What is a Debt-to-Income Ratio? A debt-to-income ratio is the percentage of monthly debt payments … [Read more...]
- « Previous Page
- 1
- …
- 513
- 514
- 515
- 516
- 517
- …
- 553
- Next Page »
