Federal Reserve Press Release In Plain English – June 2021

The Federal Reserve in many ways chose to keep the pedal to the metal in its latest statement yesterday. It’s going to continue with its current set of measures to support the economy. However, that’s not to say officials won’t be ready to tap the brakes as necessary. Every few months, the Federal Reserve releases something often referred to by …

How To Get Your VA Award Letter

If you’re a disabled veteran, you may be aware of the many benefits that you qualify for through the Department of Veterans Affairs. However, many veterans are unaware of the fact that they may qualify for reduced, VA-backed loans and property taxes as a result of their disability. By presenting your benefits letter with the rest of your VA loan …

Supply Issue Continues As Prices Rise – Real Estate Market Update

Summer’s here, vaccinations are on the rise and things are getting a little closer to normal. What’s not as normal are these stratospheric home prices. Supply is an issue. And odds are it’s making things difficult for your buyers. Let’s jump into it! The Big Story Just looking at the headline numbers, you might come to the conclusion that things …

Buying A Foreclosed Home In 6 Steps

Looking to buy a new home but worried you won’t be able to afford the monthly mortgage payment that comes with it? Or maybe you want to buy in a popular neighborhood, but you think its homes are too expensive for your budget? Purchasing a foreclosed home might be the solution. A foreclosed home is one that’s usually owned by …

Inheriting A House? Here Are Your Options

Dealing with the death of a loved one is hard enough, but it often becomes more complex when you have to figure out what’s going on with their assets and debts. If they’ve left behind a house, that’s one of the bigger responsibilities that you, as the person’s next of kin, will have to figure out how to deal with. …

Can I Buy A House Without My Spouse? Your Mortgage Questions Answered

Tying the knot comes with a lot of financial implications. It can: Raise your taxes Lower your taxes (if you’re lucky) Affect the types of retirement accounts you can get Affect how much you pay for insurance And, in some cases, getting married can even affect your mortgage. There are a lot of things to consider when you’re getting ready …

What Is An Escrow Holdback And How Does It Work?

You’re purchasing a new home, and right before you’re supposed to close, you find out something on the property needs to be fixed. Now your closing date is pushed back. Sound familiar? It happens more often than you might think. Oftentimes, after an appraisal, repairs need to be done before the close date. But what happens if you need to …

Federal Reserve Press Release In Plain English – April 2021

The Federal Reserve kept short-term rates where they are when its decision was released at the end of yesterday’s April Federal Open Market Committee meeting. Committee members will also continue the current level of spending on mortgage-backed securities (MBS). Both moves mean good things for mortgage rates. Read on for an analysis. If that’s TLDR, the bottom line is that …

Material Shortages Causing Housing Problems – Real Estate Market Update

Spring is here, and with it comes home buying season. If you’re in real estate, it’s about to get really interesting. There are also some unique challenges you and your buyers might be confronting in the market now. Let’s get to what you need to know. The Big Story The housing market has been red-hot for quite a while now. …