You Inherited a Mortgage – What Do You Do?

                  Disclosure: This post contains affiliate links, which means we receive a commission if you click a link and purchase something that we have recommended. Please check out our disclosure policy for more details. The death of a loved one is an incredibly difficult time. Not only are you emotionally drained, but …

Should You Refinance Into an ARM?

As in many areas of life, people often prefer certainty when it comes to their mortgage payment. For this reason, the idea of going with an adjustable-rate mortgage (ARM) is often dismissed out of hand. However, there are certainly reasons to consider it, particularly if you’re refinancing to save money. We’ll discuss the pros and cons of an ARM refinance, …

The Fed Talks Asset Purchase Wind Down – Real Estate Market Update

While we aren’t beyond the pandemic by any stretch of the imagination yet, the fundamentals have grown stronger. The Federal Reserve tried to impart that message last Wednesday, while still pointing out that they were prepared for any change in course. For the first time, the Fed talked about discussions to slow asset purchases. What the Committee said and what …

Federal Reserve Press Release in Plain English – July 2021

The Federal Reserve kept short-term interest rates unchanged in their latest policy announcement yesterday. However, they made some statements about their mortgage-backed securities (MBS) purchases that could affect mortgage rates. Bottom line: If you see a rate you like and you’re ready, it’s a great time to take advantage and apply now. My analysis is in bold. The Federal Reserve …

Is More Affordable Housing On The Horizon? – Real Estate Market Update

If you follow the housing market closely, you might be realizing the market is ripe for a bit of a course correction. You can see the evidence in the data we’ll go over later on. But for a high-level overview, let’s jump into The Big Story. The Big Story To understand why home prices might be leveling off or coming …

LEED Certification: What Is It And Is It Worth The Effort?

Utilities are expensive. It’s important to know that water and electricity use have costs beyond your regular bill. Many people want their home to be as energy efficient as possible. Real estate agents all over the United States boast that green homes may sell faster and for a higher price than traditional homes. Did you know there’s a specific certification …

How To Pay Your Mortgage: We Answer Your Questions

With so much to think about when you’re applying for a mortgage, it’s hard to give even a second’s thought to how you actually make those monthly payments once you begin your repayment of the loan. The good news? You’re not alone! We compiled some of the most common issues and questions we deal with as well as a list …

FHA Vs. VA Loan: What’s The Best Option For Veterans

The federal government rewards veterans of the U.S. military in several ways. Many programs, from education reimbursement to disability compensation, employment services and life insurance are available to active and former members of the armed forces. Another benefit of military service is home loan assistance in the form of the VA loan. However, many veterans have not used or are …

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 …