Last week's readings on new and existing home sales provided further evidence of strengthening housing markets. Both categories of home sales exceeded December's readings. Consumer sentiment was lower in February than for January and average rates were mixed with fixed rates higher and the rate for 5/1 adjustable rate mortgages lower. Consumer sentiment lower in February. New and Previously-owned Home Sales Higher in January Home sales volume rose in January regardless of obstacles including … [Read more...]
Buying Small, Living Large: 4 Big Pros to Buying a Smaller House or Condo
Are you on the hunt for a more efficient living space? Whether you're a first-time buyer or downsizing from a larger home, buying small can still mean living big. Let's explore four positives to living in a smaller, more intimate house or condo. You're Going To Save Money The first, most obvious and most exciting reason is that you're going to save money. The home itself will cost less than a larger one, especially if there is less land or property included. Even better: the money you save on … [Read more...]
Real Estate Investing: How to Find — and Hang on to — Great Rental Tenants
It's great news if you have enough financial capital that you have the option of investing in a rental property, but being able to afford it is only half the battle. Since you'll need to find and keep the right renters in order to make a profit, here are some ways that you can ensure your property will be a financial benefit. Price It Right It's important to turn a profit, but overpricing your property may mean that you'll have limited options. Instead of making it a guessing game, take a look … [Read more...]
4 Misconceptions About Reverse Mortgages — and Why You May Decide You Want One
With so many mortgage products available on the market, it can be hard to know which ones will serve you best as a homeowner. As a result, there are many mistruths surrounding the reverse mortgage products. If you've heard of this homeownership option and are wondering what it can do for you, let's clear away some of the misconceptions. You Must Own Your Home It can certainly be helpful to own your home outright if you're looking into a reverse mortgage, but it's not actually necessary. Instead, … [Read more...]
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