Last week’s economic news included readings from the National Association of Home Builders, Federal Reserve Federal Open Market Committee and a press conference by Fed Chair Jerome Powell. Sales of pre-owned homes in February were reported along with weekly readings on mortgage rates and new jobless claims.
When mortgage rates drop it happens quickly so be prepared to move fast and take advantage. Do you want to know your potential saving from a reduction in rate are? Contact me today ButlerGroup@neighborhoodloans.com. It is important to review all aspects of your mortgage (rate, products, time already in your mortgage) to make sure a…
Your home is likely your largest investment. Beyond repairs and regular maintenance to keep it clean, comfortable, and safe, there are a number of projects that can increase the resale value of your property. These renovations top the list of changes you can make that positively impact your home’s value.
You’ve finally found the perfect home for your family. Now the only thing standing between you and domestic bliss is the loan process. Use these techniques to shorten the amount of time between placing your bid and getting the final approval on your new home mortgage.
Builder sentiment held steady in March as headwinds in housing markets affected homebuilder confidence, but National Association of Home Builders Chairman Greg Ugalde said that builders were looking forward to a “solid spring home-buying season.” Builder sentiment mirrored February’s index reading of 62; analysts expected an uptick to 63.
Hunting for your new home can be a confusing process. There are countless factors you need to take into account to ensure your new location fits your family’s lifestyle and preferences. In their excitement, first-time home buyers can easily overlook some essential points about their potential property.
Last week’s economic reports included readings on retail sales, inflation and construction spending. New home sales Consumer sentiment readings were posted along with weekly readings on mortgage rates and first-time jobless claims.
The success of your real estate ventures depend on your ability to navigate the financial world. Learn these terms to make it easier to understand what’s going on with your real estate investments.
Many mortgage payments are made up of four parts, called PITI. PITI is an acronym that stands for principal, interest, tax, and insurance. It’s important to understand PITI because it is the real number you need to use in order to find out how much mortgage you can afford to pay each month.
Sometimes, things don’t go as planned. Despite the best intentions, there are times when it’s impossible for homeowners to fulfill their mortgage obligations. When your misfortune turns into a foreclosure notice, these tips will help you control the situation and realize the best outcome.