It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. That’s great for your home’s value over the last couple of years, but what if you’ve lived in your home for longer than that? You may be wondering how much equity ... » Learn More about How Your Equity Can Grow over Time
getting a home loan
Things To Avoid After Applying for a Home Loan
Once you’ve applied for a mortgage to buy a home, there are some key things to keep in mind. While it’s exciting to start thinking about moving in and decorating, be careful when it comes to making any big purchases. Here are a few things you may not realize you need to avoid after applying for your ... » Learn More about Things To Avoid After Applying for a Home Loan
Locking In The Mortgage Rate
One of the most important financial considerations of buying a new home is the interest rate paid on the mortgage. Over time, a higher interest rate can add thousands of dollars to the true cost of buying the home. When interest rates are low or steady buyers have greater confidence that they will ... » Learn More about Locking In The Mortgage Rate
Breaking Down Renting Vs. Owning
Although renting seems like such an easy way to get into a home, you have to remember you’re building your landlord’s wealth—not yours. Owning a home, on the other hand, allows you to build your own wealth. Each year, home renters face the question of whether to renew their lease for ... » Learn More about Breaking Down Renting Vs. Owning
How To Build Equity
As you’re buying/selling a home, you may hear the advice to build equity. But what does this mean? First, let’s go over the term equity. Equity is the difference between your property’s fair market value (FMV) and your outstanding balance on your mortgage. Home equity appreciates when you make ... » Learn More about How To Build Equity