Category: Uncategorized
-
How to Find the Best Mortgage Lender
When comparing lenders for a mortgage, ask questions to narrow down the list. Good lenders explain their recommendations and have a clear process. Consider factors beyond rates, like the lender's communication style. Ask about loan estimates, required information, preapproval process, available loans, recommended options, closing time, communication methods, in-house processes, community involvement, and cultural understanding.…
-
Can You Buy a Home Without Income?
You can buy a house without income by proving financial strength or paying in cash. A strong credit history, including a high credit score, can improve your chances.
-
How Much Does a REALTOR® Cost When Buying a Home?
New changes may require homebuyers to pay their Real Estate agent directly, shifting the cost from sellers. Traditional buyer’s agent commission rates, often ~3%, will now need negotiation between buyers and agents.
-
Should You Wait for Lower Rates Before Homebuying?
Mortgage rates are unpredictable and unlikely to drop significantly soon. Waiting for rates to drop might lead to increased competition and higher home prices when they eventually decrease.
-
Effective strategies for saving up to buy a house
Purchasing a home requires careful planning and disciplined saving. Start by setting a clear savings goal, ideally saving at least 20% for a down payment and accounting for closing costs. Create and stick to a budget, cutting unnecessary expenses. Consider investing a portion of your savings for better returns and open a dedicated high-yield savings…
-
Is Now A Good Time To Refinance Your Mortgage?
Refinancing activity has surged as mortgage rates decline, with experts suggesting homeowners consider waiting for potentially better rates if the Federal Reserve cuts its benchmark lending rate. A two percentage point reduction in rates could lead to savings, but homeowners should weigh closing costs, which average around $5,000. Personal circumstances, such as how long one…
-
Rent or Own? The Path to Owning Your Home
Weigh Flexibility vs. Investment: Renting offers flexibility, while buying builds equity and offers tax benefits. Consider Long-Term Stability: Buying is better if you plan to stay in one place for many years.
-
Forecast: Gradual Rate Cuts Ahead
Inflation has decreased significantly, yet the Fed has maintained high interest rates.Forecast suggests gradual interest rate cuts in 2024 and 2025 to manage inflation and economic stability.
-
The Future of Rent: Up, Down, or Sideways?
The increasing number of renters suggests rent prices are unlikely to fall soon. High demand and limited supply in the rental market are driving rent prices higher.
-
Iowa has the lowest housing costs. That earned it a top 20 spot for best states to live.
Iowa has been ranked as the 12th best state to live in according to WalletHub's 2024 report, maintaining its position as the state with the lowest housing costs for the second consecutive year. The report evaluates states based on cost of living, education quality, and safety. Iowa scored 21st in affordability, 32nd in economy, 15th…