If you’re self-employed, you already know the tradeoff: more freedom, but less predictability. This is especially true on paper, and when it comes to securing financing for a home purchase, lenders tend to focus heavily on consistency and documentation. That doesn’t mean buying a home is out ... More
When you think of buying a home, the first thing that comes to mind might be debt. After all, a mortgage is the largest financial obligation that most people will ever take on. The often overlooked part, however, is that buying a home doesn’t just add debt to your ... More
When lawmakers can’t agree on a budget in time, a government shutdown can occur, forcing several parts of the government to “close their doors” until funding is restored. When a shutdown begins, Federal departments must furlough (temporarily lay off) nonessential employees and suspend many public services until a funding ... More
For years, the focus on home affordability has been dependent on two things: mortgage rates and home prices. Recently, a third factor has been quietly - but significantly - eating into monthly budgets: homeowners insurance. According to the Insurance Information Institute, the average annual homeowners insurance premium in the ... More
In the last few years the interest rate environment has been very uncertain, rates have fluctuated from historically low (during the pandemic) back to the more moderate rate environment that we currently sit in. Recent history has conditioned us feel that the current rate environment is unbearably high but if ... More
For many homeowners, the equity they’ve built up in their home can be used as a valuable financial asset. As property values increase and mortgage balances decrease, home equity grows as a valuable tool that can help unlock new opportunities. Whether you’re looking to renovate your home, consolidate ... More
Buying a home is the largest investment most of us make in our lifetimes, and choosing the right mortgage is one of the most important decisions homebuyers face. Two of the most common options are FHA loans and More
While we may not all jump for joy at the thought of living with our In-Laws, multigenerational living, where multiple generations of a family live together in one home, is experiencing a popularity boom in the United States. While this type of living arrangement has been common in other cultures ... More
