Blog

21
Mar
By Jim Hasek
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – March 21, 2022

Last week’s economic reporting included readings on housing markets from the National Association of Home Builders, sales of previously-owned homes, and government reports on housing starts and building permits issued. Weekly readings on mortgage rates and jobless claims were also released. NAHB: Builder Confidence Slips Two Points in March The National Association of Home Builders reported that home builder confidence in housing market conditions slipped two points to an index reading of 79. Analysts expected a reading of 80 based on February’s reading of 81. Robert Dietz, the NAHB’s chief economist, said: “While low existing inventory and favorable demographics are…
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18
Mar
By Jim Hasek
Home Mortgage Tips, ,

Setting the Record Straight: 3 Major Misconceptions About Mortgage Financing

Purchasing a home is often considered an important step in one's financial life, no matter what point you arrive at it, but there are things you should know about financing your home purchase before stepping into the fray. If you're planning on buying a home soon and want to avoid some major missteps, here are a few tips that will set you up for success. Taking The Lender You're Offered In the event that you've been pre-qualified for a certain amount, you'll want to find a lender that will make the process towards a home purchase a little bit smoother.…
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18
Mar
By Jim Hasek
Home Mortgage Tips, ,

Setting the Record Straight: 3 Major Misconceptions About Mortgage Financing

Purchasing a home is often considered an important step in one's financial life, no matter what point you arrive at it, but there are things you should know about financing your home purchase before stepping into the fray. If you're planning on buying a home soon and want to avoid some major missteps, here are a few tips that will set you up for success. Taking The Lender You're Offered In the event that you've been pre-qualified for a certain amount, you'll want to find a lender that will make the process towards a home purchase a little bit smoother.…
Read More
18
Mar
By Jim Hasek
Home Mortgage Tips, ,

Setting the Record Straight: 3 Major Misconceptions About Mortgage Financing

Purchasing a home is often considered an important step in one's financial life, no matter what point you arrive at it, but there are things you should know about financing your home purchase before stepping into the fray. If you're planning on buying a home soon and want to avoid some major missteps, here are a few tips that will set you up for success. Taking The Lender You're Offered In the event that you've been pre-qualified for a certain amount, you'll want to find a lender that will make the process towards a home purchase a little bit smoother.…
Read More
17
Mar
By Jim Hasek
Mortgage, ,

How Negative Closing Costs Work

If you want to save money on your home loan, you might be thinking about refinancing your mortgage. You might be able to replace your existing mortgage with a home loan that has a lower interest rate. Even a single point reduction in your interest rates could save you tens of thousands of dollars over the life of your loan. Before you refinance, be sure to ask about closing costs. Because you are replacing your existing home loan with a new one, you may incur some closing expenses. On the other hand, you could also have negative closing costs. In…
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16
Mar
By Jim Hasek
Mortagage Tips, ,

Owning A Home Can Contribute To A Retirement Portfolio

Many people dream of retiring one day, and there are numerous assets that contribute to that retirement goal. Social security, pension plans, and savings accounts have traditionally provided assets people use to enjoy their retirement; however, this traditional plan ignores one of the most valuable assets. Owning a home can contribute significantly to someone's retirement goals; however, it is important to have a firm plan in place to make those retirement dreams come true. There are several ways a home can play an important role in that plan.  The Value Of A House Traditionally Increases Over Time Many people who…
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