How Does the Prime Rate Impact Loans?
In 2022, the prime rate went up by 4 points, going from 3.5% to 7.5%. This happened because the Federal Reserve wanted to better manage inflation. By July 2023, the prime rate had gone up to 8.5% But what does…
Adapting Your Home: Renovate or Relocate?
As life evolves, so do our household needs. From new family members to an empty nest, change is inevitable. But when change comes knocking, should you renovate your current home or uproot and relocate to a bigger, better house? Let's…
Midsummer Home Maintenance To-Do List
Summer is a season synonymous with clear skies, free time and fun outdoor activities. But you know what is also great about summer? It can be an ideal time to perform a number of vital home maintenance tasks. Rather than…
What Is an Assumable Mortgage?
An assumable mortgage can be an attractive and lesser-known alternative mortgage option for homebuyers. They offer a unique opportunity for buyers to take over the existing mortgage terms from the seller, potentially saving them time and money. But how do…
Explore 3 Smart Home Technology Examples
As technology continues to revolutionize every aspect of our lives, it comes as no surprise that our homes are also becoming smarter. In fact, many smart home technologies are transforming the way we interact with our living spaces and improving…
Are You Financially Prepared for a Home?
Homeownership is a significant milestone in many people's lives. It's not just about finding the perfect house; it's also about ensuring that your finances are in order to support this long-term commitment. This newsletter will help guide you through some…
Financing DIY Projects: 4 Easy Options
Homeownership is an ongoing adventure. For both rental properties and primary residences, do-it-yourself projects can be a great way to maximize your home’s value without breaking the bank. Whether you're looking to renovate your kitchen, revamp your backyard or create…
Buying a Homestead: 7 Pros & Cons
The homesteading movement is becoming immensely popular. It’s not too surprising — the lifestyle can be very appealing. If you’re curious about the ins and outs of buying and owning a homestead, this overview of the pros and cons is…
Mortgage Points and Credits Explained
Mortgage rates are more flexible than you might think. While rates are largely based on your credit score, down payment, and other risk factors, you can also manipulate them with things called discount points and credits. With these tools, you…
How New Pricing Model Affects Loan Fees
Closing costs are an unavoidable part of the mortgage process. But as of May, some of those costs may change and even increase for some homebuyers and refinancers. This is due to recent changes made by the Federal Housing Finance…
