6 Steps to Buying a Preforeclosure Property

Everyone knows you can buy a foreclosed home below market value, but what about a preforeclosed home? This article explains what a foreclosure is, how the process works, and tips for buying one. Check Rates: Check Today’s Rates What is Preforeclosure? Preforeclosure refers to the status of a home. This means the owner(s) are falling […]

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Should I Refinance My Mortgage? When to Refinance

The Federal Reserve recently lowered interest rates in an effort to stimulate the economy during the coronavirus pandemic. As a result, more and more people are becoming interested in refinancing their mortgage. Depending on the situation, refinancing your mortgage can…

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The post Should I Refinance My Mortgage? When to Refinance appeared first on MintLife Blog.

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8 Upfront Costs of Buying a House

Looking to buy a home soon? There will be upfront costs of buying a house. You may have found a house that you like. You may have been approved for a mortgage loan, and have your down payment ready to make an offer. If you think that, at that point, all of the hard work …

The post 8 Upfront Costs of Buying a House appeared first on GrowthRapidly.

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20-Year vs. 30-Year Mortgages: Get a Lower Rate?

It’s time for a new mortgage match-up. Since paying down the mortgage early seems to be so en vogue these days, it makes sense to compare “20-year mortgages vs. 30-year mortgages.” The most common type of mortgage is the 30-year fixed. It amortizes over 30-years and the mortgage rate never changes during that time. Each [&hellip

The post 20-Year vs. 30-Year Mortgages: Get a Lower Rate? first appeared on The Truth About Mortgage.

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How to Move Out of Your Parents House

There’s nothing inherently wrong with living with your parents, other than EVERYTHING! So let’s talk about how to GET OUT! To be clear, I’m going to discuss moving out and buying a place of your own, not moving out and renting, seeing that the latter is fairly self-explanatory. The desire to move out might be [&hellip

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Value of U.S. Housing Market Hits Another All-Time High

In the second quarter of 2020, the U.S. housing market hit an all-time high of $32.8 trillion, per The Federal Reserve’s Flow of Funds Report, as referenced in the latest Monthly Chartbook from the Urban Institute. That was up from roughly $32.4 trillion in the first quarter of 2020, thanks to an increase in home [&hellip

The post Value of U.S. Housing Market Hits Another All-Time High first appeared on The Truth About Mortgage.

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