Is a Long or Short Term Mortgage Better for your Finances?



Image Source: Pexels Choosing the right mortgage is an integral part of the home buying process, and there are many options for you to consider. One of which is choosing between a 15-year or 30-year mortgage term. Both of these options have their positives and negatives, which we’ll discuss in this article. What you choose […]

How to Pay Off Your Mortgage in a Few Short Years



The Urban Institute and other reliable sources say that more than 26.9 million Americans own their homes outright. It’s the second American Dream – the dream that comes after buying a home in the first place. Think about how much your life would change if your home were paid off in the next five years. […]

Consider APR when shopping for a mortgage, experts say



Mortgage rates at their current record lows offer some serious savings for both home buyers and people looking to refinance. But experts say a low mortgage rate is only one part of the equation, as people also need to consider the loan’s annual percentage rate to take into account other costs such as upfront fees. […]

Borrowers turn to credit unions as banks tighten up on lending



Lending from credit unions is growing as borrowers seek out more options to finance their home purchases. Between the end of 2019 and September 2020, membership of credit unions increased by 2.8%, or 3.37 million, and total membership now totals 125.11 million, according to a report by CNCB. Moreover, credit unions’ loan portfolios have grown […]

Now is the best time to secure a mortgage, study finds



Home buyers should move quickly if they want to lock in the best possible terms on their mortgage, as the winter months typically see lenders providing much better deals on their loans. A new study by home finance startup Haus found that lenders typically offer discounts of up to 20 basis points in January compared […]

Questions to ask when hiring a realtor



Buyers and sellers are on opposite sides of the table in home sales. As the buyer, your concern is getting the best house at the lowest price possible while the seller wants to sell at the highest price. However, the goal remains the same for both parties – the home has to be sold. Besides […]

Most sought-after attractions in Durham NC



You probably heard about the Research Triangle and the high-tech companies that populate the area. It sounds like a great career magnet for anyone deciding to relocate to the region! However, we are not here to talk about work. Every once in a while, we think about working less and playing more. The Triangle is […]

FHFA considers changes to the home appraisal process



The home appraisal process could be about to get a makeover, as the Federal Housing Finance Agency has requested public input on its policies and practices regarding the way they’re carried out. The FHFA is the body that regulates the mortgage financing giants Fannie Mae and Freddie Mac. Home appraisals are an important step in […]

Minor Home Improvement Projects Can Provide Major Returns



Home Improvement projects are a great way to increase the value of your home. Especially if you are getting ready to sell your home.  Granted, some remodeling projects can cost a fortune and take a lot of time to complete. Major projects like, finishing an unfinished basement or building an addition to your home are […]

What to Know About Reverse Mortgages



What is a Reverse Mortgage? Are you wondering if a reverse mortgage might be right for your present circumstances? If you own a lot of equity in your home, and if you are aged 62 or above, you could benefit from a reverse mortgage. This will give you access to a new income source that […]