When taking on a new mortgage, it is important to know that you can afford to carry the debt load involved, as many people find themselves in financial trouble by spending more on real estate than they can comfortably maintain. Your mortgage budget … [Continue reading]
What’s Ahead For Mortgage Rates This Week – July 7, 2014
Last week's economic news was mixed, but economic reports for Non-Farm Payrolls and the National Unemployment rate suggest a strengthening labor sector. Pending Home Sales surpassed expectations in May and conversely, construction spending was lower … [Continue reading]
Buying or Selling, Here Are Three Traits You’ll Want in Your Real Estate Agent
For both buyers and sellers, choosing the right real estate agent is an important and difficult decision, but making the right selection is critical. Consider the following essential characteristics for a real estate agent before signing a contract: … [Continue reading]
Giving and Getting: Why the Terms of a Home’s Sale Are Far More Important Than the Price Paid
One of the most significant factors home buyers and sellers focus on when buying real estate is the negotiated sales price in the purchase contract. While the sales price is undeniably important, the reality is that other terms in the sales contract … [Continue reading]
Understanding the ‘Qualified Mortgage’ or QM and Why It’s Important to New Home Buyers
Are you shopping for a home or a new mortgage? If you are interested in finding the best possible financial product, it is important to consider the benefits of selecting a Qualified Mortgage. With so many different types of loan products to choose … [Continue reading]
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