15 Feb 2022
By Tawnya King

Making Sure You Are Ready To Take On A Mortgage

Mortgage Tips
There is so much to know when it comes to homeownership that even wading into all of the information can seem overwhelming, but if there's one thing you need when the time comes to purchasing a home, it's to be prepared. Here are a few ways that you can ensure you're ready for what a mortgage entails so that buying your dream home will be a positive experience you won't regret. Consider All Of Your Options Instead of accepting the mortgage that your bank is offering you, it's very important to do some research and determine what some of the…
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14 Feb 2022
By Tawnya King

What’s Ahead For Mortgage Rates This Week – February 14, 2022

Financial Reports
Last week’s economic reporting included readings on inflation and the University of Michigan’s preliminary February reporting on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released. Inflation Rises as Fed Considers Raising Key Rate The government’s Consumer Price Index for January reported that month-to-month inflation rose by 0.60 percent as compared to an expected increase of 0.40 percent which was based on December’s month-to-month increase of 0.50 percent.  Year-over-year inflation rose to a rate of 7.50 percent, which was the highest inflation rate in 40 years. Core inflation, which excludes volatile food and energy sectors, also…
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11 Feb 2022
By Tawnya King

How to Calculate Your True Cost of Living and Determine How Much Mortgage You Can Afford

Home Mortgage Tips
A monthly mortgage can seem like enough of a financial responsibility on its own, but there are many factors involved in home ownership that affect its fiscal feasibility. If you're in the market for a house and are wondering how your income will stack up against the rest of your expenses, here's how to determine a home cost that's reasonable for you. Determine Your Down Payment Before you start with anything else, you'll want to determine the amount of money you can put down so you can estimate your monthly payments. The traditional amount for a down payment is 20%…
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10 Feb 2022
By Tawnya King

An Overview Of Electronic And Smart Locks

Mortgage Tips
Almost everyone has been locked out of their home before. If you do not have a hidden key or someone else with a key, it can be stressful to wait for a locksmith to come and open the door. Fortunately, there are ways homeowners can address this issue, and one of the options is to get a smart lock or an electronic lock instead.  How Smart Locks And Electronic Locks Work Every smart lock is different; however, they have a few themes. Basic electronic locks have a combination that someone has to enter before the door unlocks. Other electronic locks…
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09 Feb 2022
By Tawnya King

Which Home Equity Loan Is The Best Option?

Mortgage
There are a number of significant advantages that come with homeownership, and one of the biggest advantages is the ability to take out a home equity loan. As homeowners pay off the mortgage, the amount of equity in the house increases. Homeowners can borrow against the equity in their house to fund other projects. For example, homeowners could borrow against home equity to complete a home renovation, pay medical expenses, or pay down student loans. The most common home equity loans include cash-out refinances, a traditional home equity loan, and a home equity line of credit. Which is the best…
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08 Feb 2022
By Tawnya King

Analyzing The Closing Disclosure: What Everyone Must Know

Mortgage
It is exciting to hear that an offer has been accepted, and many homeowners are ready to move into their new houses as quickly as possible. At the same time, homeowners must take the time to review all documents associated with the purchase. Purchasing a house is a major financial decision, and homeowners need to understand what their obligations are. That is where the closing disclosure is critical. What type of information is included in the closing disclosure, and what do homeowners need to know now? The Closing Disclosure Includes Fees And Costs First, homeowners need to take a look…
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07 Feb 2022
By Tawnya King

What’s Ahead For Mortgage Rates This Week – February 7, 2022

Financial Reports
Last week’s economic reports included readings on construction spending and labor-related reports on jobs and the national unemployment rate. Weekly data on mortgage rates and jobless claims were also published. Residential Con The Commerce Department reported overall construction spending rose by 1.30 percent in January, which was the largest increase since April of last year. Private residential construction spending fell by 0.30 percent in January; this was the sixth consecutive month for declining private-sector residential construction spending. Construction Spending Falls in January Analysts cited costly building materials, fewer available options for prospective buyers, and higher mortgage rates as factors contributing…
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