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01 Nov 2021
By noelkelman

What’s Ahead For Mortgage Rates This Week – November 1, 2021

Financial Reports, ,
Last week’s economic reports included readings on home price growth from S&P Case-Shiller Home Price Indices, data on new home sales, and the University of Michigan’s Consumer Sentiment Index. Weekly readings on mortgage rates and jobless claims were also published.  Case-Shiller: Home Price Growth Slower, but Prices Aren’t Falling National home prices rose by a seasonally-adjusted annual pace of 19.80 percent in August, which was incrementally lower than July’s year-over-year home price growth rate. Analysts said that rising mortgage rates caused some buyers to leave the market and eased demand in areas where bidding wars drove home prices beyond market…
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29 Oct 2021
By noelkelman

Important Relationships During The Home Buying Process

Mortgage, ,
Purchasing a home is an exciting time, but there is also a lot to manage. There are a lot of text messages, phone calls, and emails coming in. It is important for potential homeowners to keep them straight. Who are some of the most important people during the purchase process? The Real Estate Team First, there are going to be a lot of important people on the real estate side of this transaction. Every home buyer should work with a real estate agent who can help them assess the market, arrange showings, and find the right home. There might also…
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28 Oct 2021
By noelkelman

The Top Ways To Add Storage To A Home

Mortgage Tips, ,
There are many homeowners who are looking for help with storage. Even after moving in, many homeowners still have a lot of items they need to get rid of and this is where built-in storage solutions can be helpful. Even though some storage options might be pricey, there are inexpensive options available as well. Take a look at a few solutions below, and improve the storage situation.  Use Space Under the Stairs One option that many homeowners overlook is the space under the stairs. If there is a second story, there may be an area under the staircase that looks…
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27 Oct 2021
By noelkelman

Refinancing Your Mortgage? Know These Key Terms Before You Sign Your Paperwork

Home Mortgage Tips, ,
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 out for. Cash-Out Refinance This type of refinance is a transaction where the…
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26 Oct 2021
By noelkelman

When does an FHA Streamline Refinance Make Sense?

Mortgage, ,
The FHA streamline refinance is not right for everyone, but if rates significantly dropped or you can afford a fixed-rate loan and want out of an ARM, it can make sense. If you’ll stay in the home for the foreseeable future, you can either save money on interest or have a more predictable payment. Before you jump on board, ask yourself: Am I saving enough money to make the cost of refinancing worth it? Would I feel more at ease with a fixed-rate loan versus an ARM? When Doesn’t an FHA Streamline Refinance Make Sense? Like we said, sometimes it…
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25 Oct 2021
By noelkelman

What’s Ahead For Mortgage Rates This Week – October 25, 2021

Financial Reports, ,
Last week’s economic reporting included the National Association of Home Builders’ Housing Market Index reports on building permits issued and housing starts, The National Association of Realtors® reported on sales of previously owned homes, and weekly readings on mortgage rates and jobless claims were also published. NAHB: Builder Confidence Improves in September The National Association of Home Builders reported an index reading of 80 for its September Housing Market Index. Analysts expected September’s index reading to match August’s reading of 76. Builders continued to face supply chain challenges and labor shortages amid growing concerns over rising home prices and affordability…
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22 Oct 2021
By noelkelman

Applying for a Mortgage? 3 Easy Ways to Make the Process Easier — and Reduce Your Stress

Home Mortgage Tips, ,
There are more than enough details involved in getting a mortgage and moving into your own home that you'll want to know how to make the process as seamless as possible beforehand. However, there's a chance you might not be aware of the things you can do to make it a little easier on yourself. If you're currently looking for a home and are wondering how to streamline the approval process, here are some things to do before applying to minimize mortgage-related stress. Get Electronic Documentation In order to get approved for your mortgage application, you'll need to provide documentation…
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21 Oct 2021
By noelkelman

Deciding On A Mortgage For Buying A Fixer Upper

Mortgage, ,
It can be difficult to find a dream house, so many potential homeowners might be looking to save money by purchasing a home that they need to repair. Often referred to as a fixer-upper, this is a house that may require some extra work to restore to a livable condition. Not only is this a great opportunity to customize a home, but it could also be a valuable investment. At the same time, homeowners need to take out enough money to not only purchase the house but also cover the cost of repairs. How can potential homeowners decide what loan…
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