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What’s Ahead For Mortgage Rates This Week – February 12th, 2024

Next week is the release of Core CPI and PPI numbers for January, resulting in an extremely light week for the week. The only data release of note is the trade deficit and the usual unemployment reports. The current trade deficit for the U.S. is operating precisely within expectations and correlating GDP numbers. Next week will provide further guidance for the Federal Reserve as the next release of inflation data is released.
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Home Renovation ROI: Which Upgrades Add the Most Value to Your Property

Welcome to the world of home renovation, where dreams meet reality and your property's potential is waiting to be unleashed. If you're contemplating a home renovation project, you're likely wondering which upgrades will not only enhance your living space but also add significant value to your property.
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Navigating Mortgages as a Self-Employed Professional: A Guide to Non-QM Lending

For self-employed professionals, the mortgage process can feel like passing through a maze, fraught with challenges and uncertainties. Traditional lending standards often favor individuals with stable, predictable incomes, leaving entrepreneurs and freelancers in a precarious position.
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Strategies for Turning Fixer-Uppers into Profitable Investments

Home flipping - a journey that transforms neglected fixer-uppers into profitable investments. If you're considering entering the real estate game or looking to enhance your flipping skills, you've come to the right place.
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Homeowners in Financial Distress: Mortgage Forbearance and Loan Modification

In times of financial hardship, such as job loss, medical emergencies, or economic downturns, homeowners may find it challenging to keep up with their mortgage payments. When facing such difficulties, understanding options like mortgage forbearance and loan modification can be crucial for maintaining stability and avoiding foreclosure.
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What’s Ahead For Mortgage Rates This Week – February 5th, 2024

The largest and most impactful financial data being released is as always the Federal Reserve rate decision. This time it fit well within the expectations across the broader market and lending partners, in that the Federal Reserve still remains to hold current standing, and is showing push back on any potential rate cuts coming March when the next rate decision is planned.
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Beyond the Mortgage: True Cost of Homeownership

Owning a home is often hailed as the pinnacle of financial achievement, a symbol of stability, and a smart investment for the future. However, behind the allure of homeownership lies a maze of hidden expenses that can catch even the most diligent buyers off guard.
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How to Invest in Property with a Crowd

Real estate has long been considered a lucrative investment, but for many, the barriers to entry can be daunting. Enter real estate crowdfunding, a game-changing concept that allows investors to pool their resources and collectively invest in property. T
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First Things First, What To Do Upon Moving Into Your New Home

If you have purchased a new home and are going to move in soon, what are the first few things that you will need to do upon moving into your new home?
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Millennials and the Pursuit of Homeownership

With rapid technological advancements and shifting societal norms, millennials find themselves facing a unique set of challenges and opportunities when it comes to securing a mortgage. The journey toward homeownership for this generation is a multifaceted one, influenced by factors ranging from soaring student loan debt to evolving housing preferences.
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What’s Ahead For Mortgage Rates This Week – January 29th, 2024

It was an uneventful week for the data reports, as the majority of the interest waits for the Federal Reserve's rate decision heading into the following week. One of the most notable reports is for New Home Sales, which had managed to greatly exceed the projections for the end of the year moving into January. It is an early sign that there is a surge in response to the week-to-week rate cuts we have been observing over the last two weeks.
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Are You Ready for Home Ownership? Find Out by Answering These 4 Questions

Have you been dreaming about a larger, roomier or more luxurious living space? Or perhaps just want to experience the joy of owning your own home and building your net worth instead of renting? Let's explore a few questions that can help to answer whether or not you're ready for a new lifestyle as a homeowner.
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Maximizing Your Mortgage: Unveiling Strategies for Faster Payoff and Interest Savings

Owning a home is a significant milestone, but the burden of a mortgage can loom large. Fortunately, there are various strategies to expedite your journey to mortgage-free living, ultimately saving you money on interest payments.
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10 Tips to Secure Your Home While You’re on Vacation

A vacation is a time to relax and unwind, but it's essential to ensure that your home remains safe while you're away. Nobody wants to return from a fantastic trip to find their home has been broken into
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What You Need to Know About High-Value Jumbo Mortgage Loans

In the realm of real estate, dreams often come in various sizes. For those with aspirations of owning a luxurious home that goes beyond the conventional price range, understanding the particulars of financing becomes vital.
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What’s Ahead For Mortgage Rates This Week – January 22nd, 2024

The following week of CPI and PPI reports are typically lighter, with this week showing the same trend. There are a number of interesting interim reports that are worth noting however, including the Federal Reserve’s Beige Book which indicates the labor market has been cooling across most of the country. Following up is the Consumer Sentiment Reports, which is an excellent indicator for how the average consumer feels about their buying power, reflecting on the current economic conditions. Slower inflation, cheaper gas and a healthy economy have boosted optimism. Lastly, retail sales reports showing activity in December.
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Exploring Down Payment Options and Their Impact on Mortgage Terms

Embarking on the journey of homeownership is an exciting and significant step in one's life. One crucial aspect of this process is the down payment, which can greatly influence the terms of your mortgage.
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Buy Now and Refinance Later Strategy

Buy Now and Refinance Later Strategy

Yes, it is possible to buy a home now and refinance at a lower rate later. This is called a "buy now, refinance later" strategy. There are a few things to keep in mind if you are considering this strategy: You will need to make sure that you can afford the monthly mortgage payments at the current interest rate. You will need to be prepared to pay closing costs when you refinance. You will need to wait until the interest rates have decreased before you refinance. If you are confident that interest rates will decrease in the future, then the...
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Why more homeowners are choosing to use a mortgage broker vs. a lender.

Why more homeowners are choosing to use a mortgage broker vs. a lender.

      According to a 2022 survey by the National Association of Mortgage Brokers (NAMB), about 57% of homeowners who took out a mortgage in the past year used a mortgage broker, while 43% went directly to a lender. This suggests that more homeowners are choosing to use mortgage brokers than in the past. There are a few reasons why homeowners might choose to use a mortgage broker. First, mortgage brokers have access to a wider range of lenders and loan programs than individual homeowners. This means that they can often find a better deal for their clients. Second,...
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13 Tips for First-Time Homebuyers

13 Tips for First-Time Homebuyers

Here are 13 tips for first-time homebuyers: Be sure you're ready to commit to a loan. Buying a house is a major commitment, so be sure you're ready before you start the process. This means having a stable income, a good credit score, and a down payment saved up. Set a budget and stick to it. It's important to know how much you can afford to spend on a house before you start shopping. Consider your monthly income, debts, and other expenses when setting your budget. Get pre-approved for a mortgage. This will give you an idea of how much you can borrow...
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