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Real Estate

Need a Bigger Home Why Not Buy It This Year

Need a Bigger Home? Why Not Buy It This Year?

Are you clamoring for extra rooms or a more functional floor-plan in your house? Maybe it’s time to make a move. If you’ll be able to work remotely for the long-term or your overall needs have simply changed, it’s a great time to sell your house and move up. Why? With mortgage rates in their favor and higher-priced home sales powering more moves across the country, sellers in today’s market...

Real Estate Buying Season

Real Estate Buying Season is Back. Here’s What to Expect.

With peak Real Estate buying season upon us, here's what analysts are expecting to see this year: Increasing Mortgage Rates It appears, depending on how the economic recovery progresses, that mortgage rates could continue to increase. Earlier in the year, rates were holding under 3%, but those rates have steadily increased over the past several weeks. As more and more Americans are vaccinated, it's...

Which States Have the Lowest Cost of Living

Which States Have the Lowest Cost of Living?

For many of us, the past year has brought about a slew of unexpected changes. The pandemic didn’t slow rising home prices or increase the amount of available inventory in major metro areas, but what it did do was dispel the idea that all office workers must be tethered to a physical location. With remote work becoming more and more normalized, many Americans are wondering why they’re paying...

Fire Pit Ideas To Spruce Up Any Backyard

Fire Pit Ideas To Spruce Up Any Backyard

Adding a DIY fire pit to your backyard is an excellent way to keep the fun going long after dark. Instead of an unsightly dirt fire pit, spend a day making a new statement piece for your yard. If you’re wondering how to build a fire pit — we’ll show you how. When selecting and building your DIY fire pit, make sure you avoid using wet stones. If you are using river rocks, be sure to give them several...

Gear up for lawn and garden season

Gear Up for Lawn and Garden Season

Let's face it – it's been a long winter, but brighter and warmer days are upon us. If you're the type of person who likes to be prepared, it isn't too early to gear up for lawn and garden season. Here are some tips to help you hit the ground running this spring: Test the content of your soil with a kit. Soil test kits are designed to determine levels of PH, nitrogen, potassium, phosphorous, and...

Buying Land - Look Before You Leap

Buying Land: Look Before You Leap

Have you found yourself dreaming of your own Walden Pond lately? Whether you're looking to build a luxury retreat or you just want a natural escape, the dream of scooping up an undervalued piece of land is an understandable one. But before you break out the flannel, it's important to remember that buying land is different from buying property with a structure already on it. Here are some things to keep in...

10-Year Treasury Yield

Why the 10-Year Treasury Yield Matters

The 10-year yield is used as a proxy for mortgage rates. It's also seen as a sign of investor sentiment about the economy. Treasury bond yields (or rates) are tracked by investors for many reasons. The yields are paid by the U.S. government as interest for borrowing money via selling the bond. But what does this mean and how do you find yield information? Treasury Bills are loans to the federal...

Running the Numbers on Refinancing

Running the Numbers on Refinancing

Deciding whether or not to refinance an existing mortgage typically means running some numbers. You can do this on your own, but it’s helpful to get the professional assistance of a loan officer. It mostly boils down to how much you’ll save each month, but there are other considerations. First, the change in rate isn’t everything. Old school rules say that it’s a good idea to refinance if...

Why Lenders Use Gross Monthly Income vs. Take-Home Pay

Why Lenders Use Gross Monthly Income vs. Take – Home Pay

It might seem strange that mortgage companies use gross monthly income when determining affordability instead of 'take-home' pay. After all, it's the take-home pay that consumers use for their monthly expenses and bills - including the mortgage. But there are a few good reasons why lenders use the gross amount. First, it's universal. Lenders A, B, and C all use gross monthly income to calculate...

What Could 2021 Mean for the Housing Market

What Could 2021 Mean for the Housing Market?

This year has been nonstop uncertainty. The coronavirus pandemic led to shutdowns and major changes to our everyday lives. Those changes are likely to continue as we head into winter. Cities have been hard-hit, not only in terms of public health, but also economically. Despite everything, the housing market is one thing that's been consistently strong this year. So, what do experts think next year will...

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