There were several notable releases this last week, with the largest being the PCE Index — the Federal Reserve’s preferred inflation indicator. The PCE Index may be the more accurate indicator going forward, as data collection for the … [Continue reading]
The Risks of Using a Mortgage for House Flipping
House flipping, the practice of buying a property, renovating it, and quickly selling it for a profit, can be an exciting and potentially lucrative investment strategy. However, financing a flip with a traditional mortgage carries significant risks … [Continue reading]
Should You Get a Mortgage If You Plan to Move Soon?
Deciding to buy a home when you know you might move within a few years can be a challenging choice. Many people wonder if it makes financial sense to take on a mortgage if they will not live in the property long term. The answer depends on several … [Continue reading]
How to Remove PMI Without Refinancing
Private mortgage insurance, or PMI, is often required when a homebuyer makes a down payment of less than twenty percent. While PMI helps lenders reduce risk, it adds extra cost to your monthly mortgage payment. The good news is that you may be able … [Continue reading]
The Effect of Local Job Markets on Mortgage Lending
When evaluating the housing market, many people focus on home prices and interest rates. However, one critical factor that often goes unnoticed is the strength of the local job market. Employment trends directly affect mortgage lending by influencing … [Continue reading]
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