Selling a house can be a stressful, complicated, and surprisingly costly process. If you are a first-time home seller or haven’t sold a home in some time, here are some costs you need to know about before you list your house:
When interest rates dip lower than your current rate, you might be tempted to refinance your mortgage. After all, lower interest rates should equal lower monthly payments. This means you could have more room in your budget while still paying on your home. Refinancing, however, is a serious financial decision and should be based on several...
Topics: Homeowners, Mortgages / Home Equity
U.S home prices grew at a near-record pace in January according to the National S&P Case-Shiller Home Price Index; year-over-year home prices rose by 19.20 percent in January as compared to December’s reading of 18.90 percent. Home prices rose 1.80 percent on a month-to-month basis from December to January.
Topics: Mortgages / Home Equity
Purchasing a home is a major decision, and it could be the most expensive financial transaction somebody ever makes. Therefore, it is important to get this right. One of the biggest hurdles for a new homeowner is coming up with enough money for the down payment. A lot of people believe they require 20 percent down to purchase a home. Saving this...
Topics: Mortgages / Home Equity
There are more than enough details involved in getting a mortgage and moving into your own home that you’ll want to know how to make the process as seamless as possible beforehand. However, there’s a chance you might not be aware of the things you can do to make it a little easier on yourself. If you’re currently looking for a home and are...
Topics: Mortgages / Home Equity
Purchasing a home is an exciting time, but there is also a lot to manage. There are a lot of text messages, phone calls, and emails coming in. It is important for potential homeowners to keep them straight. Who are some of the most important people during the purchase process?
Topics: Mortgages / Home Equity