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Home Mortgage Tips , ,

Mortgage Budgeting 101: How to Determine What You Can and Can’t Afford

When taking on a new mortgage, it is important to know that you can afford to carry the debt load involved, as many people find themselves in financial trouble by spending more on real estate than they can comfortably maintain. Your mortgage budget can be calculated to determine just how much you should spend on your next mortgage. Mortgage Rates And Today's Market Conditions Mortgage rates change every day, and in times of high volatility can even fluctuate more than once in a twenty-four hour period. The market reflects a number of economic variables, including relevant world news and events.…
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Market Outlook , ,

What’s Ahead For Mortgage Rates This Week – July 7, 2014

Last week's economic news was mixed, but economic reports for Non-Farm Payrolls and the National Unemployment rate suggest a strengthening labor sector. Pending Home Sales surpassed expectations in May and conversely, construction spending was lower than expected. Here are the details. Pending Home Sales Reach Highest Level in Eight Months The National Association of REALTORS® reported that pending home sales in May rose by 6.10 percent over April's reading. May's reading was 5.20 percent lower than for May 2013. The index reading for May reached 103.9 as compared to April's index reading of 97.9. Results for all regions were positive…
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Real Estate Tips , ,

Buying or Selling, Here Are Three Traits You’ll Want in Your Real Estate Agent

For both buyers and sellers, choosing the right real estate agent is an important and difficult decision, but making the right selection is critical. Consider the following essential characteristics for a real estate agent before signing a contract: Experience An agent must understand the real estate market as well as the practices and processes of buying and selling. While a new agent may have energy and desire, experienced agents will be able to offer insights and experiences which are likely to give their clients the edge in their deal. Experience also indicates negotiating skill. Of course an agent must be…
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