Mortgage rates rose today from a surprise move from Japan's
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As a mortgage broker, I see a lot of self-employed clients who are looking to manage their finances effectively. One question that often comes up is how many bank accounts a business owner really needs.
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Here is an idea of how CPI impacts inflation. This market update video was shot on 12/13/2022 when the CPI data came out for November
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Buying a primary residence every two years can be a great way to invest in real estate and save on taxes. Real estate typically appreciates at a rate of 6% to 8% per year, so buying a home can be a good way to earn money on your investment instead of throwing it away on rent.
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If you receive a supplemental property tax bill from your local county tax assessor, don't panic! It's common for property owners to get one of these bills and there's usually a good reason for it.
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We're always focused on the big wins in our lives, but it's also important to celebrate the little things
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It is important to educate yourself on the difference between a Will and a Trust
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Homeowners insurance is one of the most important purchases that you can make to protect your home — and by extension, your family — from unexpected expenses that you would otherwise need to cover yourself. If you’re in the market for homeowners insurance, you probably have a lot of questions. How much coverage do you need? How much will coverage cost? What factors influence your deductible? Are there any home upgrades, improvements, or changes that might lower your premium? These are all great questions to ask. Another important question you should ask is: What kind of homeowners insurance policy do I need?
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Home appreciation relates to a house or investment property increasing in value over a period of time. A raised value of a property can lead to the owner making a profit upon selling it or earning more income through monthly rent from their tenants.
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A supplemental tax bill is one you get for additional charges not covered by your annual tax bill. Supplemental tax bills are mailed directly to the homeowner and are generally not paid out of the escrow account.
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Some homebuyers are undoubtedly wondering if they should hold out on house hunting and wait for price gains to reverse. But experts caution that prices aren’t likely to drop in the near future. The lack of inventory and current demand to own a home will keep pricing pressure on an upward trend. Additionally, Wall Street firms have an increasing appetite to add real estate to their portfolios. This means that homeowners are competing with each other for the limited amount of properties on the market and competing against Wall Street, as well.
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An adjustable-rate mortgage (ARM) is a home loan with a variable interest rate. With an ARM, the initial interest rate is fixed for a period of time. After that, the interest rate applied on the outstanding balance resets periodically, at yearly or even monthly intervals.
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FHA vs VA vs Conventional. What is the difference in qualification? Why do rates vary and why do the fees change?
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While they began to become homeowners at a more advanced age than many of their predecessors and encountered an abnormally high number of obstacles getting there, Millennials are now driving the housing market. The 2022 Home Buyer and Seller Generational Trends report from the National Association of Realtors® (NAR) says the Millennial bloc, now aged 23 to 41, are accounting for more transactions than any other age group, 43 percent of home sales, up from 37 percent a year earlier.
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The number of Americans filing new claims for jobless benefits dropped to a 52-1/2-year low last week, while unemployment rolls continued to shrink, pointing to rapidly diminishing labor market slack that will keep boosting wage inflation.
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This year, the tax deadlines, at least, have returned to normal. The IRS started accepting 2021 tax returns on January 31, 2022, with the traditional filing deadline of April 15. Tax season may be more complicated for some, depending on how you were affected by the pandemic.
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If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. But what does that really mean for you? As a buyer, low housing supply coupled with high buyer demand means you should be prepared to navigate a highly competitive market where homes sell fast and get multiple offers.
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