Mortgage prepayment penalties can be a perplexing aspect of your home financing journey. Essentially, they are fees imposed by lenders when you pay off your mortgage earlier than agreed upon or exceed the specified payment limits. These fees are designed
Dec 12, 2023 | Purchasing a Home Refinancing a Home
Consumer inflation data was mixed in November as the headline number inched higher but the devil is in the details. The Consumer Price Index (CPI) rose 0.1% in November from 0.0% in October while the year-over-year number fell to 3.1% from 3.2%. The numbe
Dec 12, 2023 | Mortgage News
Interest-only mortgages piqued the curiosity of many homeowners in search of alternative methods to fund their dream abodes. In this article, we will uncover the pros and cons of interest-only mortgages, shedding light on whether they align with your home
Dec 07, 2023 | Purchasing a Home
Are you tired of juggling a pile of bills, from high-interest credit card debts to personal loans and auto payments? If so, there might be a financial strategy that could simplify your life: refinancing your mortgage to consolidate all those debts. In thi
Dec 05, 2023 | Refinancing a Home
If you’re looking to buy a vacation home to get away from it all, this is your straight-shooting guide to making it happen. While it may be a big step to take, it is entirely doable. You just need a game plan, a bit of hustle, and the right mindset.
Nov 30, 2023 | Purchasing a Home
Sales of new single‐family houses in October 2023 fell from October to an annual rate of 679,000 but up nearly 18% from October 2022. The median sales price of new homes sold in October 2023 was $409,300. The average sales price was $487,000. Inventory le
Nov 28, 2023 | Mortgage News
