|Five Basic Things to Consider Before Starting a Remodel|
Home renovation projects are exciting. You finally have the time and energy to redo that outdated bathroom or turn your drab kitchen into a picture worthy of Instagram. But there is more to consider than just deciding what paint color you’re going to use or how a certain tile will look in the bathroom. Keep these five tips in mind before starting the renovation process.
Look at the Original Architectural Style
Always take into consideration... Read More
|What’s the Deal with Mortgage Points?|
If you apply for a mortgage loan today, your lender might propose that you pay a discount point or two to get a better deal. But what are discount points exactly and will they really be beneficial?
One mortgage point is equal to 1% of the loan principal, so if you plan to take a loan for $300,000, a point is $3,000. Points are sort of a prepayment on a loan to avoid paying a certain amount of interest... Read More
|High Mortgage Rates Curb Sales|
For the ninth consecutive month, existing-home sales fell, according to the National Association of Realtors (NAR). What’s more, both month-over-month and year-over-year sales declined in every region of the country. According to Lawrence Yun, chief economist for NAR, the decline can be attributed partly to climbing mortgage rates barring potential homebuyers from qualifying for a mortgage. “The impact is greater in expensive.... Read More