What are Closing Costs?
You’ll need more than the down payment when you buy a house. You’ll also be responsible for closing costs. Knowing how much you might pay and how to lower them can help make it easier to buy a house. Closing…
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You’ll need more than the down payment when you buy a house. You’ll also be responsible for closing costs. Knowing how much you might pay and how to lower them can help make it easier to buy a house. Closing…
You must lock in your mortgage rate before closing your loan. But it’s a gamble. What if rates fall? They could also increase. While you’re locked into your rate no matter what happens, there are ways to take advantage…
Have you had this common experience? You visit a bank or mortgage company website, trying to find out how much home you can afford or how much money you can borrow, but frustration inevitably ensues. You fill out a form…
Conventional loans don’t have upfront mortgage insurance fees like government-backed loans (FHA) have, but there are fees behind the scenes many borrowers don’t realize. You may not see the charge, but it’s wrapped into your interest rate, affecting your mortgage…
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to…
If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the…
If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but…
Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the…
Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen…
With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could…