24
Feb
By Jim Hasek
Mortgage,

The Top Reasons To Stop Renting And Buy Today

Buying a house can be expensive, and it can take a long time to save up money for a down payment; however, it might be time for you to stop renting and buy your own place. What are some of the top reasons why it might be time to put down some roots? Your Rent Is Going Up The reality is that your rent will go up with time. Every time you renew your lease, it can be frustrating to see that rent check continue to increase. If you are tired of your rent going up, get a mortgage. You…
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23
Feb
By Jim Hasek
Mortgage, ,

What Items Can Change My Mortgage Pre-Approval Status?

When you are purchasing a home, your lender may recommend you obtain a mortgage pre-approval before you find the home of your dreams. There are some benefits to being pre-approved before you find a home, but oftentimes, people confuse pre-qualifications with pre-approvals. So the question many buyers have is what exactly is a mortgage pre-approval? In a nutshell, it's when the lender provides you (the buyer) with a letter stating that your mortgage will be granted up to a specific dollar amount. What Do I Need For Pre-Approval? In order to obtain a pre-approval for your home purchase, you will…
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22
Feb
By Jim Hasek
Mortgage, ,

The Job Of A Mortgage Loan Originator

Do you want to purchase a house? If you cannot pay cash for your house, you will need to apply for a mortgage. A mortgage loan originator can help you find the right mortgage to meet your needs. What are some of the job duties of a mortgage loan originator, and how can they help you with the financing process? Provide You With a Budget The house-hunting process can be exciting, but it can also be a bit stressful. How do you know if you can afford your dream house? This is one of the first jobs of a mortgage…
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21
Feb
By Jim Hasek
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – February 21, 2023

Last week’s economic news included readings on housing markets, inflation, retail sales, and data on housing starts and building permits issued. Weekly readings on mortgage rates and jobless claims were also published. NAHB: Homebuilder sentiment improves in February The National Association of Home Builders reported higher builder confidence in current U.S. housing market conditions with an index reading of 42 for February; Analysts expected a reading of 37 and January’s reading was 35. NAHB index readings over 50 indicate that most home builders have a positive view of housing market conditions. Factors influencing positive builder sentiment included lower mortgage rates…
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17
Feb
By Jim Hasek
Home Buyer Tips, ,

Buying Your First Home? Here’s Why You’ll Need to Ensure You Have a Proper Home Inspection

There's a whole lot to learn when buying one's first home, an investment that can bring joy, but sometimes, grief. A competent real estate agent can assist in locating those homes that meet the home buyer's needs and can advise on factors such as market value of the home and neighborhood services. The agent will help the buyer through the negotiation and purchase process. But the buyer should take responsibility to make sure that the steps below are taken. Home Inspection Contingency Included in Purchase Offer At the point where the buyer finds a home and decides to make an…
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16
Feb
By Jim Hasek
Mortgage, ,

Why You Receive So Much Junk Mail After Closing On Your Home

Congratulations! You have finally closed on your home loan, and you are excited to get moved in. Or, you may have just refinanced your home, and you are excited to enjoy it. Regardless, all of a sudden, you start to get a bunch of junk mail in your mailbox. It can be frustrating to sort through everything, and how did they get your information in the first place?  Where Junk Mailers Get Your Personal Information First, there are a few locations where junk mailers may have gotten your personal information. Once your property deed is recorded, it goes into the…
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