Thinking of Buying a Second Home? Assess Your Finances First

August 30th, 2016|

The decision to buy a second home may be made for a number of reasons. For example, you may have a destination where you and your family love to spend free time in, and you may be ready to settle into your own space in this location. You may be considering the tax benefits associated with a second home, and you may even have plans to live in the home as your primary residence after you retire.

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What’s Ahead For Mortgage Rates This Week – August 29, 2016

August 29th, 2016|

Last week's economic reports included readings on new and existing home sales, a speech by Fed Chair Janet Yellen, and a report on consumer sentiment. Weekly reports on mortgage rates and new jobless claims were also released.

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Why Your ‘Debt-to-Income Ratio’ Number Matters When Obtaining a Mortgage

August 26th, 2016|

If you are looking to buy a home, you may want to consider shopping for a loan first. Having your financing squared away ahead of time can make it easier to be taken seriously by buyers and help move along the closing process. For those who are looking to get a mortgage soon, keep in mind that the Debt-to-Income ratio of the borrower plays a huge role in the approval of your mortgage application.

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The Type of Home You Want to Buy Determines Your Closing Cost and Here’s Why

August 25th, 2016|

Savvy home buyers who are preparing to make a real estate purchase should do their research and understand that they need to save money for not only the down payment but the closing costs as well. The closing costs can account for as much as three to five percent of the sales price in some cases, so this can be a rather sizable amount of money. Some home buyers however, may not realize that the amount of closing costs can vary considerably based on the home that is purchased. With a closer look at why this is, home buyers can make a more educated decision when selecting a home to purchase.

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Buying Your First Home? Learn These 5 Essential Home Maintenance Skills as Soon as Possible

August 24th, 2016|

New homes can be scary. But when you take the time to think about it, and plan ahead, maintaining a home is easier than you think - a manageable mix of experience and common sense. Here are five skills that will help maintain your new home for years to come.

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What’s Ahead For Mortgage Rates This Week – August 22, 2016

August 22nd, 2016|

Last week's economic news included the NAHB Housing Market Index, Commerce Department releases on housing starts and building permits issued. Weekly reports on mortgage rates and new jobless claims were also released.

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Real Estate Investing: How to Find Great Deals on Undeveloped Lots with Big Potential

August 19th, 2016|

Purchasing a plot of land can be one of the best investments to make. A landowner has great (but not unlimited) freedom in how to develop their plot, and land never expires so its potential is essentially infinite. That said, buying undeveloped or vacant land can be risky business, so read on to find tips on purchasing a plot.

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NAHB: Builder Sentiment Improves in August

August 18th, 2016|

According to the National Association of Home Builders, August home builder sentiment met analyst expectations and rose by two points to a reading of 60; July's reading was revised downward to 58. Two out of three components used in calculating the Home Builder Index were higher. Builder sentiment concerning current housing conditions rose two points to 65. Builders were also more confident about housing market conditions within the next six months; August's reading was one point higher at 56. Builders were less confident about buyer traffic in new housing developments. August's reading slipped one point to 44.

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