It's amazing that in a year with extremely low mortgage rates being reported around the country, closing costs are up by as much as 6% from the previous year. Part of the reason for this is that the stricter regulations on loans have increased the costs to banks, and they always find a way to pass on new costs to the consumer. Understanding Third-Party Closing Costs When closing on a mortgage the borrower will notice a long list of additional fees that they are expected to pay for. These can … [Read more...]
The Different Foundation Options For Your House
Are you thinking about purchasing a home in the near future? Or, are you thinking about building one? If so, you must think carefully about the foundation of the home. It is responsible for supporting the rest of the structure, so you need to find the right foundation to meet your needs. What are a few of the top options available? Basement One of the first options you should consider is a basement foundation. This is a popular choice because it can create additional living space in your … [Read more...]
What’s Ahead For Mortgage Rates This Week – August 22, 2022
Last week’s economic reporting included readings on home builder confidence in housing market conditions, Commerce Department readings on building permits issued, and housing starts along with readings on retail sales. Weekly readings on mortgage rates and jobless claims were also published. NAHB: Home Builder Confidence Falls for 8th Consecutive Month in August The National Association of Home Builders reported an index reading of 49 for home builder confidence in August. … [Read more...]
How To Avoid Delays When Remodeling
If you have a remodeling project coming up, you have probably been told to plan for delays. Even though it can be frustrating to hear that your project is going to be delayed, with some simple planning, you can prevent this from derailing all of your efforts. What are a few of the most important tips you should follow if you want to avoid delays during your remodeling project? Choose The Right Contracting Team To Help You One of the most common reasons why remodeling projects get delayed is that … [Read more...]
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