What’s Ahead For Mortgage Rates This Week – May 6th, 2024

by manager | May 6, 2024 | Financial Reports

Week in Review With the passing of the Federal Open Market Committee rate decision panel, we now have definitively confirmed that the Federal Reserve intends to keep the rates at a two-decade high, for the sixth straight meeting by a unanimous vote. Jerome Powell had...

What Every Homeowner Should Know About Mortgage Forbearance

by manager | May 3, 2024 | Mortgage Tips

With all of the economic uncertainties, many homeowners find themselves facing financial hardships that impact their ability to meet mortgage payments. Whether it’s due to job loss, medical emergencies, or other unexpected circumstances, the fear of losing...

Mortgage Tips for Empty Nesters: Downsizing and Relocating

by manager | May 2, 2024 | Homebuyer Tips

So you are soon to be an empty nester! With the kids flown from the nest, it’s your time to welcome a new chapter of freedom and flexibility. Whether you’re looking to downsize to a cozier space or relocate to your dream destination, navigating the...

The Role of a Co-Signer in Mortgage Applications: Pros, Cons, and Alternatives

by manager | May 1, 2024 | Mortgage Application

Are you dreaming of owning your own home but facing obstacles in securing a mortgage? You’re not alone. Many aspiring homeowners encounter challenges due to factors like credit history, income, or debt-to-income ratio. There is a potential solution that could...

Choosing Between a Home Equity Loan and HELOC

by manager | Apr 30, 2024 | Mortgage Tips

As a homeowner, tapping into your home equity can be a strategic financial move. Whether you’re renovating your house, consolidating debt, or covering major expenses, two popular options stand out: home equity loans and home equity lines of credit (HELOCs)....

What’s Ahead For Mortgage Rates This Week – April 29th, 2024

by manager | Apr 29, 2024 | Financial Reports

At Wednesday’s meeting, the Federal Open Market Committee (FOMC) is widely expected to maintain the current federal funds rate target range of 5.25% to 5.50%. This decision comes amidst conflicting economic signals. Tailing that, there is the Chicago PMI,...

Making Homeownership a Reality: Exploring Affordable Housing Initiatives

by manager | Apr 26, 2024 | Home Buyer Tips

In the realm of real estate, the dream of homeownership often feels like a distant horizon for many individuals and families. Skyrocketing property prices, coupled with stagnant wages, have created significant barriers to entry into the housing market. However, amidst...

A New Homebuyer’s Guide to Understanding Property Taxes

by manager | Apr 25, 2024 | Mortgage

Purchasing a new home is an exciting milestone, but it also comes with various responsibilities, including understanding property taxes. Property taxes are a crucial aspect of homeownership, as they contribute to local government funding and services. In this guide,...

How Your Home Equity Can Help You Reach Your Retirement Goals

by manager | Apr 24, 2024 | Mortgage

If you plan on retiring soon, you are probably looking at a few options that can get you over the hump. You are probably excited to start a new phase of life. With a record number of people closing in on their retirement age, many are starting to assess their...

The Fundamental Role of Title Insurance

by manager | Apr 23, 2024 | Home Financing Tips

Title insurance is a necessary component of real estate transactions, playing a pivotal role in safeguarding the interests of buyers, sellers, and lenders. While it might not be as prominent as other aspects of the real estate process, its significance cannot be...