Are there alternatives to foreclosure?

Are there alternatives to foreclosure?

At the first sign of not being able to make the monthly mortgage payment, the homeowner should start out with contacting a real estate attorney, a Realtor®, and their mortgage lender to review all the options

Rising interest rates decrease purchasing power

Rising interest rates decrease purchasing power

Today’s market is tough on first time buyers. The inventory of homes and condos purchased by first-time buyers continues to be low, and along with inflation, home prices are being pushed upward in most markets.

A Closer Look: The 30-year mortgage

The average interest rate on a 30-year mortgage is now 5.35 percent. That’s over two percentage points higher than at the beginning of 2022. These higher interest rates will undoubtedly change the home-buying scene as people weigh the costs of borrowing. But one constant is that the majority of new mortgages are of the 30-year fixed variety. Ever wonder why?

6 ways to save more money in 2022

6 ways to save more money in 2022

Improving your diet and health are common New Year’s resolutions, but improving your financial health should be a priority, too.

Is an appraisal needed?

Is an appraisal needed?

A home appraisal is assumed as a compulsory step for any real estate transaction. However, some home loans may not require an appraisal and prospective home buyers and sellers are able to skip this step entirely.