16
Oct
By Adrian Willanger
1 Comment
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – October 16, 2023

Last week’s economic report schedule included notable reports with the CPI & Core CPI in addition to PPI and Core PPI. Many markets are keeping a close eye on the inflation numbers for the U.S. as well as many other parts of the world to help guide their policies. Other notable reports were MBA Mortgage Applications Index and the University of Michigan Consumer Sentiment Report (Prelim.) Consumer Price Index With current inflation data, the Federal Reserve has hinted that they are close to ending their rate-hiking cycle for the future. This reflects a greater optimism for a soft landing in…
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06
Oct
By Adrian Willanger
Mortgage Tips, ,

Understanding How Home Equity Works and Why Buying a Home Can Be Your Best Investment

When delving into the world of real estate and investment property, there are many terms that will come up that require further explanation. Whether you've never heard the phrase 'home equity' before or you have a little familiarity, here are the ins and out of what it means and how this asset can help your financial outlook. All About Home Equity Essentially, home equity refers to your portion of the value of your home, and the amount of this figure is important because it is included among your assets when determining your net worth. If this sounds confusing, think of…
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05
Oct
By Adrian Willanger
Home Buyer Tips, ,

Worried about Your FICO Score? 4 Easy Strategies to Fix It Up

If you're worried about your bad credit, you'll want to do everything in your power to improve your rating as quickly as possible - especially if you have a major purchase coming up. Improving your credit rating can give you access to better interest rates on mortgages or even help you to get that job you're after. IMPORTANT! If you are currently involved in a home loan transaction, speak with your trusted real estate advisor before taking any action regarding your credit! So how can you boost your FICO score quickly and easily? Here's what you need to know. Get…
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04
Oct
By Adrian Willanger
Home Buying Tips, ,

On Time, Every Time: How Being Late on Monthly Payments Can Affect Your Mortgage

Are you the type of person that struggles with remembering to pay their bills on time? You're not alone. People across the country regularly submit late monthly payments, inflicting terrible damage to their credit. Let's take a quick look at how paying your loan or other monthly payments late can have a negative impact on your mortgage. Your Credit Score Is At Risk As you already know, almost all banks, credit cards, mortgage companies and other lenders rely on your credit score to help assess the risk of lending money to you. Paying any of your payments late – even…
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03
Oct
By Adrian Willanger
Around The Home, ,

How to Find the Perfect Tenant for Your Basement Living Quarter’s

Do you have an empty basement or separated suite in your home? If you have a suite sitting empty, you are missing out on collecting some extra monthly income in the form of rent. Let's take a look at a quick four-step process that will help you find the perfect tenant to rent out your basement suite. Step 1: Play By The Rules Is this your first time renting out a home or suite to a tenant? If so, you will want to do a bit of research first. Read up on Fair Housing Rules and other regulations as these…
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