The major problem that the vast majority of buyers will run into - especially when purchasing their first home - has to do with a lease agreement that is still active with their apartment complex at the time of the purchase. If you locate the perfect home in February but your lease isn't over until August, you can't be expected to wait around. But at the same time, the remainder of that lease agreement could represent thousands of dollars that you'll be paying to essentially "live" in two … [Read more...]
What’s Ahead For Mortgage Rates This Week – March 12th, 2018
Last week's economic releases included reports on Non-Farm Payrolls, ADP payrolls, and the national unemployment rate. Weekly readings on mortgage rates and new jobless claims were also released. Public and Private Sector Jobs Show Mixed Readings ADP Payrolls reported 235,000 private sector jobs added in February as compared to January's updated reading of 243,000 jobs added. Analysts estimated 205,000 private sector jobs would be added, but this was based on the original reading of 234,000 … [Read more...]
Tired of Waiting for Summer? 3 DIY Projects That Will Keep You Busy Until the Weather Warms Up
Do you find yourself staring out the window, longing for an early sunrise, hot days and late evenings? With spring just around the corner, it might feel like summer is a lifetime away. However, the good news is that you can be productive around the home while you wait for summer to arrive. Let's take a quick look at three easy do-it-yourself projects that will keep you busy until the summer sun is shining. Add A Splash Of Spring-y Color As long as you are willing to do the prep work, painting is … [Read more...]
Should You Get Pre-Qualified Or Pre-Approved For Your New Home Purchase?
Often times, home buyers can be disappointed when they find their dream home only to discover they are not able to get a mortgage to purchase the property. There are methods that potential buyers can use to ensure this does not happen to them. One of the options is to ensure you obtain a pre-qualification from your lender. It is important to understand the difference between a pre-approval and a pre-qualification. While both are helpful, they do not carry the same weight. What are the … [Read more...]
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