Mortgage Interest Rates - Everything You Need to Know
When you secure a mortgage loan and buy a home, your monthly payment doesn’t just go toward the principal. Interest is included in that payment. What your interest rate will be is determined by several factors. Let’s take a closer look.
What Is a Mortgage Loan?
A mortgage loan...
2022 Real Estate Market Predictions
Real estate market predictions are somewhat like weather forecasts in that no one’s capable of being 100% accurate, but an industry expert can make a reasonably close prediction. With that in mind, here is the general consensus about what to expect in the housing market for the...
What Are Closing Costs, and How Much Should They Be?
Closing costs are expenses above the property market price incurred by the buyers and sellers to complete the real estate transaction. The average closing costs percentage ranges between 2 and 5 percent of the mortgage balance. Therefore, you must be financially prepared for this...
How To Save For A Down Payment on a Tight Budget
Many homebuyers across the U.S. wonder how to save for a down payment with a tight budget. With rent rates climbing, inflation rising, and house prices still high, saving money for a down payment has become more tricky.
The good news is that you can use several tips and tricks to save money and...
Here’s Why The Current Housing Market Isn’t Like 2008
Many news headlines are comparing the current housing market to 2008 due to inflation and the recent housing boom. But don’t fret because many experts agree that the Great Recession is unlikely to be repeated in this current market.
One of the main reasons is that America’s...