Tag: Mortgage

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First time homebuyer tips to follow

Buying a home isn’t just hard for homebuyers, but it can be stressful to be a first time homebuyer in today’s economy. This type of purchase is lifechanging and one of the biggest decisions a person may ever make. This means if ... MORE
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Adjustable-rate mortgages: How do they work?

Adjustable-rate mortgages could change every year that you have it. Whereas a traditional mortgages have fixed-rates. COLA increase for Social Security in 2023 may rise to 8% as inflation continues Adjustable-rate mortgage (ARM) loans ARM loans are characterized by a variable interest ... MORE
Mortgage, News
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What are the six types of mortgage loans?

There are six different types of mortgage loans. Mortgages are paid over a long period of time, so it’s important to pick one that best fits your needs. The IRS paused notices, but people are seeing IRS CP14 Letters; what to do ... MORE
Mortgage, News
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Mortgage rates rise and drop this week; Americans still can’t afford the housing market

The last few years have created an incredibly volatile housing market with increasing mortgage rates, and this week has been no different. With houses listed above their assessed value, and mortgage rates at their highest, Americans find in increasingly harder to purchase ... MORE
Mortgage, News
Can I remove my ex from our mortgage without refinancing?

Can I remove my ex from our mortgage without refinancing?

Divorce tends to complicate finances so it is important to know your rights. There is an inexpensive way to remove your ex from your mortgage. What is the difference between Lifeline and ACP? How can I get my ex off our mortgage? ... MORE
Mortgage, News
What is New York’s DPAL program and do I qualify for it?

What is New York’s DPAL program and do I qualify for it?

Inflation is at a record high and the housing market is pretty slim. That means many first time home buyers in New York will need support to cover the costs. Stimulus: Payments up to $2,500 available, don’t miss the deadline What is ... MORE
Mortgage, News
What is the difference between a mortgage and equity loan?

What is the difference between a mortgage and equity loan?

Mortgages and equity loans are both big financial commitments. Failure to comply could result in major financial losses. Gas Prices: Last Thursday gas hit $4.42 per gallon, new record high Mortgage vs Equity loan For either a mortgage or equity loan, you ... MORE
Mortgage, News
Mortgage: Whether to get a 30 or 20 year mortgage

Mortgage: Whether to get a 30 or 20 year mortgage

Choosing a mortgage is one of the most important choices a homebuyer will make aside from choosing the best home they can. Millions of Americans purchase homes, and it’s one of the biggest decisions they’ll make in their lives. The best plan ... MORE
Mortgage, News
Mortgage Assistance: Up to $65,000 available for Americans in need

Mortgage Assistance: Up to $65,000 available for Americans in need

Residents in a county in Texas are eligible to receive federal funding that will offer mortgage assistance if they find themselves behind on payments. The funding is available to Bexar County, Texas residents from the Texas Homeowner Assistance Fund program. The funds ... MORE
Mortgage, News
More people are taking out a mortgage but interest rates are at a high

More people are taking out a mortgage but interest rates are at a high

The pandemic changed the housing market. This has lead many buyers to consider adjustable-rate mortgages. Housing market: Forecast features high prices and interest rates More buyers are choosing adjustable-rate mortgages The cost of mortgages is increasing, but interest is too. The average ... MORE
Mortgage, News
Housing Market: What will prices of houses be in 2023?

Housing Market: What will prices of houses be in 2023?

Interest rates on home loans continue to rise, which has some housing market experts thinking prices could drop in 2022-23. In 2021, the housing market exploded, raising the prices of homes more than in 2007 during the financial collapse. According to AS ... MORE
Mortgage: Rates continue to rise; how homeowners can get help

Mortgage: Rates continue to rise; how homeowners can get help

Americans looking to get a mortgage are seeing the highest interest rates they’ve seen in more than ten years. This week the rate for a 30 year fixed rate mortgage was 5.11%. The last time mortgage rates passed 5% was in February ... MORE
Homeowners, Mortgage, News
Mortgage: Here are the different types of mortgages you can get in the U.S.

Mortgage: Here are the different types of mortgages you can get in the U.S.

Many Americans are trying to purchase a home in a very volatile market, so there are options when choosing a mortgage. There are fixed rate, conventional, and standard adjustable rate mortgages. Whether you’re a first time homebuyer, or low income, there are ... MORE
Mortgage, News
Homebuyers: Get $10,000 grant for a new home with this program

Homebuyers: Get $10,000 grant for a new home with this program

The housing market is a rough place for first time homebuyers right now, but many can get grants worth up to $10,000. The program is for first time homebuyers to help with the down payment on a new home. People are struggling ... MORE
Homebuyers, Mortgage, News
Mortgage: States that have highest monthly mortgage payments

Mortgage: States that have highest monthly mortgage payments

As inflation continues to rise over time, so does the cost of a mortgage for those trying to purchase a new home. Interest rates for 30 year loans are at their highest level they have been in a decade. The three biggest ... MORE
Mortgage, News