Have you been hunting for a new house without finding one that suits your needs? If so, one option that you may want to consider is building a new construction home on a choice piece of land. In today's blog post we will explore a few different mortgage options for those who are looking to build a brand-new home. Qualifying For A Construction Mortgage As with any mortgage product, the first step you will want to take is to begin the qualification process. As your lender does not have a completed … [Read more...]
What’s Ahead For Mortgage Rates This Week – January 8, 2018
Last week's economic reports included readings on construction spending, minutes of the most recent meeting of the Fed's Federal Open Market Committee. Labor reports including ADP, Non-Farm Payrolls, and national unemployment were released along with weekly readings on mortgage rates and new jobless claims. Construction Spending Rises; Driven by Residential Building Residential construction drove November construction spending surpassed expectations of a 0.50 percent increase; Overall, … [Read more...]
The Mortgage Helper: How to Find the Perfect Tenant for Your Basement Suite
Do you have an empty basement or separated suite in your home? If you have a suite sitting empty, you are missing out on collecting some extra monthly income in the form of rent. Let's take a look at a quick four-step process that will help you find the perfect tenant to rent out your basement suite. Step 1: Play By The Rules Is this your first time renting out a home or suite to a tenant? If so, you will want to do a bit of research first. Read up on Fair Housing Rules and other regulations as … [Read more...]
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