Whether you’re thinking of buying a home or just refinancing the one you already own, it seems like next year could be a good year to do it. According to industry experts, interest rates will remain historically low — and it could make homeownership more affordable than ever. A Look at 2020 If you’ve [...]
It’s that time of year again: the time to spend, spend, spend. Are you already worried about how much the holidays are going to cost you? Fretting about stuffing those stockings and checking off your kiddos’ lists? Fortunately, Black Friday and Cyber Monday sales abound this year. And if you play your cards right [...]
Homebuyers are in luck: it seems competition is waning, and it could mean more leverage as we head into the holiday season. Of course, there’s still a shortage of housing inventory and plenty of demand in most major markets, but according to recent stats, competition isn’t nearly as stiff as it was in years [...]
There are two main outcomes for a homeowner who can no longer afford their home, and whose home is worth less than the amount they owe on their mortgage. This is also known as being "underwater." Both outcomes aren't really ideal, unfortunately. The first option is to stop making mortgage payments and simply walk [...]
The two most common types of mortgages in the country today are conventional loans and FHA loans. Conventional mortgages conform to Fannie Mae/Freddie Mac guidelines and are a financial agreement between the lender and borrower. FHA loans are also between the lender and borrower, but the Federal Housing Authority backs FHA loans for borrowers [...]
Data shows that foreclosures are down (way down, actually) but that doesn’t mean they no longer exist. If you fall behind on your mortgage payments — even just a month or two — it could set the foreclosure process in motion, and that means your credit, your finances and, most importantly, your home hang [...]
Rural living and hobby farming hold great appeal as alternative lifestyles. Growing your own food and raising livestock in a rural area can provide a much-needed escape from city living and the suburban sprawl. Is a hobby farm right for you? Here are some things you'll want to consider before making a decision: 1. [...]
You might think that if you're looking to buy a home, there are only two types of mortgages that you can get — either a conventional loan or an FHA loan. It makes sense that this might be your thinking, as these are the two most popular types of mortgages available. If you're living [...]
Your credit plays an important part in the mortgage process — and it’s a major factor in what interest rate you receive on your loan. Are you worried your score isn’t good enough? Don’t fret. Here are five lesser-known moves you can make that might help improve your credit: Request a credit line increase. [...]