Tawnya King

07 Sep 2022

Should You Buy Mortgage Points?

Mortgage

When you take out a home loan, you might have the option to purchase mortgage points. Essentially, this is money that you pay to the lender upfront in exchange for getting a lower interest rate over the life of the loan. If you got a great deal on the house, you might have some extra cash on hand. Should you use that money to buy down the interest rate? This is a math problem that you need to calculate for yourself. How To Do The Math If you want to figure out if the mortgage points are worth it, you…

06 Sep 2022

By Tawnya King

What’s Ahead For Mortgage Rates This Week – September 6, 2022

Financial Reports

Last week’s economic reporting included readings on home price growth, federal data on public and private sector job growth, the national unemployment rate, and data on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released. S&P Case Shiller: Home Price Growth Slows in June The S&P Case-Shiller National Home Price Index reported slower home price growth in June as home price growth slowed to a year-over-year pace of 18.0 percent as compared to May’s reading of 19.9 percent. The 20-City Home Price Index posted 18.6 percent growth in June as compared to May’s reading of 20.50…

02 Sep 2022

By Tawnya King

Understanding Your FICO Score and Why Small Credit Mistakes Can Cause Huge Headaches

Home Mortgage Tips

Many people all over the world are dealing with issues involving debt or poor credit history, but most aren't necessarily aware of what exactly makes up their credit score. Unfortunately, it might seem like it's the big stuff that counts when it comes to credit, but little things can have a significant impact on your financial health. If you're looking to improve your understanding and your finances, here's what you need to know about small mistakes and your FICO score. Making Late Payments The due date on your bills might seem like an advisory, but whether we're talking about a…

01 Sep 2022

By Tawnya King

Consider A Home Renovation Loan To Navigate A Challenging Housing Market

Mortgage

Today, there are many people who are having a difficult time purchasing a house. Even though interest rates have gone up, sales are still happening quickly. Therefore, it can be difficult for people to qualify for a mortgage, purchase a house, and get to the closing table before the property is sold. One potential way to get around the hot housing market is to consider a home renovation mortgage. How can a home renovation mortgage help you? A Renovation Loan Can Help People Buy A Less Desirable Home If you want to close on a home, you might be interested…

31 Aug 2022

By Tawnya King

Expenses To Consider When Buying A Home

Mortgage

When you are in the process of buying a home, it can be intimidating to take a look at so many factors. A home has a big price tag, and you need to make sure that you budget accordingly. Fortunately, this is not a process that you have to go through on your own. There are several items that all experts will say that you have to consider as you budget for your next home purchase. The Down Payment Your biggest expense is probably going to be your down payment. In general, it is a smart idea to put 20…

30 Aug 2022

By Tawnya King

The Different Foundation Options For Your House

Real Estate

Are you thinking about purchasing a home in the near future? Or, are you thinking about building one? If so, you must think carefully about the foundation of the home. It is responsible for supporting the rest of the structure, so you need to find the right foundation to meet your needs. What are a few of the top options available? Basement One of the first options you should consider is a basement foundation. This is a popular choice because it can create additional living space in your home. It can also act as an additional entrance, which can be useful…

29 Aug 2022

By Tawnya King

What’s Ahead For Mortgage Rates This Week – August 29, 2022

Financial Reports

Last week’s economic news included readings on pending home sales, new home sales, and readings on monthly and yearly inflation rates. Weekly readings on mortgage rates and jobless claims were also published along with the University of Michigan’s final monthly and year-over-year readings on consumer sentiment. Commerce Department Reports Fewer New Homes Sold in July Sales of new homes fell by 12.60 percent month-to-month and were 29.6 percent lower year-over-year in July. The Commerce Department reported a year-over-year sales pace of 511,000 new homes sold in July as compared with June’s revised pace of 585,000 new homes sold. June’s reading…