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06 Dec 2021
By noelkelman

What’s Ahead For Mortgage Rates This Week – December 6, 2021

Financial Reports, ,
Last week’s economic reports included readings on home price trends, pending home sales, labor-sector readings on public and private-sector job growth. Weekly readings on mortgage rates and jobless claims were also released. S&P Case-Shiller: Home Price Growth Slows in September The pace of national home price growth slowed for the first time since May 2020 in September according to S&P Case-Shiller’s National Home Price Index. Year-over-year home price growth slowed by 0.30 percent to 19.50 percent from August’s year-over-year home price growth reading of 19.80 percent. Demand for homes typically slows during fall and winter; some buyers were also sidelined…
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03 Dec 2021
By noelkelman

An Overview Of A Deed Of Reconveyance

Mortgage, ,
When someone purchases a house, they might have to take out a loan. Because a house is expensive, most people end up with a mortgage. Some people decide to go with a 15-year mortgage while other people decide to go with a 30-year mortgage. Eventually, after all these years, someone might receive a deed of reconveyance. What does this mean, and how does it work?  Homeowners Own The House, But With a Lien After purchasing a house, homeowners legally own the house, even if they have financing tied to a mortgage. Even if someone purchases a home with only 3.5…
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02 Dec 2021
By noelkelman

3 Easy Ways to Make Your Home More ‘Pet Friendly’

Around The Home, ,
Whether you're moving to a new home or you have a new family pet, it can be a struggle to make the place a little friendlier for them. From the garbage can to the cupboards and doors, there can be a lot of dangers that have the ability to hurt your furry friend you might not be aware of. If you're looking for some simple ways to make their life a little easier, here are a few things you can do. Take Care Of The Trash The image of dogs sifting through the trash is common for a reason, so…
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01 Dec 2021
By noelkelman

Overcoming Anxiety as a First-Time Home Buyer

Mortgage, ,
There are many people who are thinking about buying a home for the first time. Even though this is an exciting experience, there are also people who develop anxiety when purchasing a home. This is a major financial decision, and it is critical to get it right. What do people need to do if they want to overcome anxiety as first-time homebuyers? Maximize The Credit Score Before applying for a home loan, everyone should maximize their credit score. Everyone has the right to request one free credit report per year. This is an opportunity for people to take a look…
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30 Nov 2021
By noelkelman

Renters Missed Out On Tens Of Thousands Of Dollars This Past Year

Homeowner Tips, ,
Rent has gone up significantly during the past year. Even though it is not unusual for rent to go up over time, the average rent across the country has increased significantly during the past year. This means that the average rent will probably be even higher next year than it is this year. Even though this is one of the biggest deterrents against renting, there are other reasons to get out of the rental market as well.  Renters Stand To Lose More Money This Year One of the biggest reasons why renters are losing so much money is that the…
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29 Nov 2021
By noelkelman

What’s Ahead For Mortgage Rates This Week – November 29, 2021

Financial Reports, ,
Last week’s economic reporting included readings on sales of new and previously-owned homes, inflation, and weekly readings on mortgage rates and jobless claims. President Biden announced his nomination of Federal Reserve chairman Jerome Powell for a second term.  Financial markets were closed Thursday and Friday for the Thanksgiving holiday. Single-Family Home Sales Increase in October The Commerce Department reported sales of new homes rose in October with 745,000 new homes sold on a seasonally-adjusted annual basis. October sales fell short of the 800,000 new home sales expected by analysts but surpassed September’s reading of 742,000 new homes sold. The National…
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24 Nov 2021
By noelkelman

Have You Been Denied for a Mortgage? Here Are 3 Reasons Why You’ll Want to Keep Trying

Home Mortgage Tips, ,
If you're in the market for a new home, you'll most likely need a mortgage in order to afford it. But for some home buyers, getting a mortgage isn't easy. Banks and other lenders are often hesitant to lend money to certain consumers, often for good reason. But sometimes, lenders' reasons for declining you aren't entirely valid. That's why, if you've been denied for a mortgage, you'll want to keep trying to get mortgage funds. Here are three factors that can influence the likelihood of approval on the second try. A Second Appraisal Might Change Your Circumstances Sometimes, a mortgage…
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23 Nov 2021
By noelkelman

What Are the Advantages to Paying off Your Mortgage Early? Here Are a Few That Might Entice You

Home Mortgage Tips, ,
If you're looking into fixed term mortgages, you might be wondering whether there's any reason why you should take the full term to pay off the loan. In a lot of cases, paying off a mortgage before it comes due is a great decision. If you're considering paying off your mortgage early, you'll experience a variety of benefits – here are just a few of them. You'll Save Thousands In Interest Payments By and large, the single biggest advantage of paying off a mortgage early is the money you'll save in interest. The longer you take to pay off your…
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