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
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
Couples dream of buying a home together, leisurely enjoying a latte while dropping by open houses to look at remodeled kitchens and manicured backyards. Today’s market is quite different. Desirable homes are snapped up the moment they hit the market, often with multiple offers. Homebuyers in this ... » Learn More about Can You Let Your Partner Pick The House Alone?
Buyers: it’s a seller’s market out there, which means you can expect some bidding wars coming your way. Here’s your very own survival list guide. Match the competing offer (or if you can, offer more). Limit or completely remove the contingencies on your offer. Already be pre-approved for a ... » Learn More about Making a Winning Bid in a Seller’s Market
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