Last week's economic news included reports on inflation, construction spending, the Federal Reserve's announcement regarding interest rates and several labor and employment related releases. Weekly reports on new jobless claims and Freddie Mac's survey of interest rates were also released. Construction Spending Rises, Fed Holds Steady on Interest Rates, Suggests December Increase Construction spending remained in negative territory for September according to the Commerce Department. The … [Read more...]
3 Common Mistakes That First-time Mortgage Borrowers Make and How to Easily Avoid Them
Deciding to purchase a home will be one of the biggest investment decisions you'll make in your life, but it can be confusing for the first-time home buyer to know all the ins and outs of buying a home. If you're wondering what things first-time buyers often forget about before purchasing a home, here are three important things that you'll want to keep in mind. Ignoring Their Credit History If you have a high debt load or you haven't been making your minimum payments, it can be pretty … [Read more...]
Luxury Selling: How to Qualify Potential Buyers to Ensure They Can Afford Your Home
Luxury estates can be a challenge to sell. The more expensive a home is, the less potential buyers there are. The biggest hassle is going through the process with people who can't actually afford the home, only to have it fall apart at the last minute. Here are some ways to make sure the property is only being viewed by qualified buyers. Only Accept Offers From Buyers Who Are Pre-Qualified From A Lender One of the only ways to guarantee a buyer will be able to afford a luxury home is to let the … [Read more...]
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