Avoid the Top 5 Regrets of New Homeowners

After signing a mortgage, the last thing homebuyers want is a bout of buyer’s remorse. For first time homeowners, there is so much to learn and remember during the mortgage life cycle that it is easy to make some common mistakes. Be confident in your new home by avoiding the most common mistakes and regrets…

Top 5 Small Towns for Affordable Homes & Great Lifestyle

Realtor.com has recently released a list of the most affordable and best small towns to live in the United States. There are many people, including a lot of millennials, that choose small towns over large cities and less populated areas over the crowded coasts. Technology has made the world much smaller and people have a…

Rising Interest and Interested Homebuyers

On March 15, the U.S. Federal Reserve raised interest rates by a quarter of a point. While this signals their faith in the economy, it might make potential homebuyers feel a little nervous. Here are a few things to keep in mind. This Isn’t a Bad Sign In her press conference, Federal Reserve Chair Janet…

What is in a Mortgage Payment?

When finalizing the mortgage agreement to purchase a new home, many home buyers might wonder what exactly makes up the monthly mortgage payment. Most people have an idea about the principal and the interest rate, but how much of the payment applies to the home loan and how much goes to the lender in the…

4 Ways Rising Mortgage Rates Can Be Good

Mortgage rates rose last December and by most projections, they are going to rise again in 2017. While higher interest rates can be trouble for home buyers, there are actually a number of advantages. It’s not all doom and gloom. In fact, higher rates do not necessarily mean that home buyers will have to pay…

Improve the Value of Your Home with a Spring Renovation

Spring is nearly upon on us. With the warm weather, all of the big spring projects that we didn’t get to last year come creeping back onto our To-Do list. Many homeowners will consider improving their home with a renovation project. Whether it’s finding the right tradesmen to do the job or tackling it yourself,…

Multi-Generational Housing Becoming More Common

Multi-generational housing is far more common today than it was thirty years ago. Multi-generational housing is when two or more generations live in the same home. For instance, instead of renting or buying their own homes, millennials might live with their parents in the spare room to save on money while paying back student loans….

FHA Set to Increase Mortgage Limits in 2017

The Federal Housing Authority, or FHA, has announced that they are going to increase mortgage loan limits starting January 1, 2017. Each year the FHA evaluates the mortgage market and makes adjustments to lending limits based on home prices in individual areas. The increase will last the entire year, when the FHA will make another…

Rising Mortgage Rates: Time to Buy?

To the surprise of both Wall Street and many industry experts, interest rates stayed competitive for most of 2016. There were a lot of factors that contributed to these favorable rates, both domestically and globally. Homebuyers getting a rate of 3.5% wasn’t only possible, it was actually quite frequent. The lowest rates of 2016 have…

Will Higher Rates Help Housing Supply?

Home values have been at their highest across much of the country since 2006. High home prices can certainly affected a homebuyer’s ability to purchase a new home with a mortgage loan.  Fortunately, interest rates have maintained their levels through the summer and into the third quarter. A number of different factors have kept the…