New Homebuyers Are Flocking to FHA Loans — Here’s Why

New home sales are on the rise, and many of those purchases? They’re being made with FHA loans. According to a recent analysis from the National Association of Home Builders, almost 18 percent of all new home sales were purchased with FHA mortgages last quarter — or about 32,000 home sales nationwide. That’s a [...]

By |2019-08-20T16:28:15-04:00August 21st, 2019|Categories: Mortgage, Purchase|Tags: , , |

Why Are 2019 Mortgage Rates Dropping So Low?

You might have seen the headlines: mortgage rates are dropping — and have been for some time. In fact, as of mid-August, they're actually near three-year lows. That means refinancing your mortgage or buying a home might be more affordable than ever. But what's at work here? Why are rates dropping so low and [...]

By |2019-08-21T09:12:17-04:00August 19th, 2019|Categories: Financial|Tags: , |

Monthly Mortgage Payments vs. Biweekly Mortgage Payments: Pros & Cons

Paying your mortgage biweekly — half your payment every two weeks, to be exact — can be a smart way to reduce your interest costs and even pay off your loan sooner. But is it right for everyone? Definitely not. Are you considering skipping those monthly mortgage payments in favor of a half-payment every [...]

By |2019-08-13T14:41:10-04:00August 14th, 2019|Categories: Financial, Mortgage|Tags: |

9 College Scholarships with Quick and Easy Applications

College is expensive. The average cost of public college is nearly $10,000 per year for in-state residents and more than twice that for out-of-state residents. Add that up over four years and you’ve got a pretty hefty sum of money on your hands — a sum that many students (and their parents) just don’t [...]

By |2019-08-06T13:41:37-04:00August 7th, 2019|Categories: Education, Refinance|Tags: , , , |

The Cost of Waiting to Buy a Home

Renters often wonder if they can afford to buy a house. Most of the time, there’s a better question they should be asking: Can they afford NOT to? Let’s face it: renting is expensive. According to RENTCafe, national rents average more than $1,440 per month, and they’ve been growing steadily for nearly a full [...]

By |2019-08-05T13:22:00-04:00August 5th, 2019|Categories: Purchase|

Refinancing with Two Mortgages: Why You’d Do It and What to Expect

Refinancing can be beneficial for many homeowners. It can lower your rate, your monthly payment and maybe even shorten the total length of your loan.  But if you have two mortgage loans on your hands? Then refinancing might be even more powerful a financial tool. You might have two mortgages because: You took out [...]

By |2019-07-31T16:45:34-04:00August 1st, 2019|Categories: Mortgage, Refinance|Tags: |

How to Create a Nursery on a Budget

We’d all love to welcome our newborn babes home with a comfy, cozy, magazine-worthy nursery — but the truth is most of us can’t afford it. Baby stuff is expensive — like, really expensive. And between the cribs, clothes, diapers, and other must-have necessities, it can be easy to rack up a hefty bill [...]

By |2019-07-31T11:08:04-04:00July 31st, 2019|Categories: Budget, Financial|Tags: , |

9 Tips and Tricks for Winning a Bidding War

If you’re buying a home in a hot market or you’re just eyeing a super in-demand property, you very well might find yourself in a bidding war, competing with dozens of other offers, buyers and, in many cases, even investors. Fortunately, a bidding war doesn’t necessarily mean you’ll lose the property — nor does [...]

By |2019-07-29T12:43:46-04:00July 29th, 2019|Categories: Purchase|Tags: , , , |