Blog

10
Jan
By Jim Hasek
Around The Home, ,

Going Solar: 3 Reasons Why Solar Panels Should Be Your 2018 Home Improvement Project

Have you been scratching your head, wondering what your next great home renovation project should be? If you are like most homeowners, you have many areas that could use a little attention. Let's explore three reasons why installing solar panels should be high on your list of home improvement projects for 2018. The ROI On Solar Is Getting Better It might seem counterintuitive to think about spending money to save money, but with solar panels, that's precisely what you are doing. Solar is an up-front investment that returns money to your bank account over time. As you are generating your…
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09
Jan
By Jim Hasek
Home Mortgage Tips, ,

3 Completely False Myths About Reverse Mortgages That Need to Be Debunked

Are you a senior or retired individual older than 62 who is looking to supplement their retirement income? If so, you may have heard about a unique financial product known as a reverse mortgage. In today's blog post we will explore three myths about reverse mortgages and share why they need to be debunked. Let's get started. Myth #1: Reverse Mortgages Are Expensive The first myth we will debunk is that reverse mortgages are costly financial products that are full of fees. In fact, nothing could be further from the truth. It's true that there are closing costs attached to…
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08
Jan
By Jim Hasek
Mortgage Rates

What’s Ahead For Mortgage Rates This Week – January 8, 2018

Last week's economic reports included readings on construction spending, minutes of the most recent meeting of the Fed's Federal Open Market Committee. Labor reports including ADP, Non-Farm Payrolls, and national unemployment were released along with weekly readings on mortgage rates and new jobless claims. Construction Spending Rises; Driven by Residential Building Residential construction drove November construction spending surpassed expectations of a 0.50 percent increase; Overall, construction spending rose by 0.80 percent in November. Residential construction was up 7.90 percent year-over-year. Single-family home construction rose 8.90 percent year-over-year. Rising rates of single-family construction is good news for homebuyers, who have faced…
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05
Jan
By Jim Hasek
Home Mortgage 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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04
Jan
By Jim Hasek
Home Mortgage Tips, ,

Can I Buy a Piece of Land and Build a House on It With a Mortgage? Yes — Here’s How

Have you been hunting for a new house without finding one that suits your needs? If so, one option that you may want to consider is building a new construction home on a choice piece of land. In today's blog post we will explore a few different mortgage options for those who are looking to build a brand-new home. Qualifying For A Construction Mortgage As with any mortgage product, the first step you will want to take is to begin the qualification process. As your lender does not have a completed house to use as collateral for your loan, qualifying…
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03
Jan
By Jim Hasek
Home Buyer Tips, ,

Buying a Rental Property? These 4 Key Tips Will Ensure You Buy One That Turns a Profit

Are you starting to grow bored of watching your money go nowhere sitting in a bank account? With today's interest rates doing little to encourage saving, many individuals are looking elsewhere for new investment opportunities. In today's blog post we'll share four essential tips for buying a profitable rental property. Let's get started. Buy A Property With Year-Round Potential Many real estate investors agree that the best rental properties are those that generate income every day of the year. The most straightforward situation to manage is one where you have stable, long-term tenants in place that aren't going to move…
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