Are you on the hunt for home renovations that will boost usability and value? Look no further than that unfinished basement. In this article, we'll show you how to turn that dusty cave into an amazing new living space. Note: finishing a basement isn't the easiest job. For most basements, it's a lot more than a weekend do-it-yourself project. If you're not comfortable with construction be sure to enlist the help of a professional. Step 1: Plan Everything Out The first step is to plan out how … [Read more...]
What’s Ahead For Mortgage Rates This Week – November 29, 2016
Last week's economic reports included new and pre-owned home sales, new jobless claims and Freddie Mac's weekly mortgage rates survey. Home Sales Mixed in October According to the National Association of Realtors®, sales of previously owned homes reached a seasonally adjusted annual level of 5.60 million sales, which exceeded expectations and October's reading of 5.49 million sales. Analysts had expected a rate of 5.44 million sales. October sales of preowned homes rose 2 percent over … [Read more...]
Did You Know?: 4 Factors That Can Delay Your Mortgage Approval (and How to Avoid Them!)
If you're currently buying a home and are stressing about the kind of home to choose and which lender to go with, it can help to clear up some of the confusion surrounding the mortgage process. While mortgage applications are assessed on a case-by-case basis, here are some factors you'll want to avoid so the timeline of your approval isn't negatively impacted. Your Employment Status It goes without saying that the amount you bring in each month is a huge factor towards how much house you can … [Read more...]
Refinancing Your Mortgage? Know These Key Terms Before You Sign Your Paperwork
When it comes to your mortgage, there are a lot of key terms that are important for every homebuyer to know, and this is no less true than when it comes to refinancing your most important investment. Instead of leaving what's unknown up to chance, it's important to be aware of exactly what you're looking at so you can get the best mortgage product available. If you're currently considering refinancing and don't want to get snared by unknown terminology, here are some terms you'll need to watch … [Read more...]
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