When you refinance your mortgage, you have to take out a new loan to pay off the old one. Reasons for doing this vary, but often lower interest rates motivate homeowners to refinance to save money on interest. Some homeowners want a shorter term to pay off the...
Inflation is at its highest rate in over 40 years, and younger Americans are especially feeling the pain. Homebuyers are aghast at the record-high home prices, and most young people are currently priced out of the housing market. Added to the major problem of...
The spring real estate buying season has sprung, and the white-hot housing market is once again prompting prospective buyers to compete against each other for available properties. The prices of homes now are at an all-time high. Even though there’s a worsening...
The housing market saw quite the boom in 2021 with prices for single-family homes jumping up nearly 20% year-over-year. Predictions for 2022 were split on whether or not more increase was coming, but now the data shows that appreciation is still happening albeit at a...
For most people, their home is their greatest asset. Being able to tap into the value of a home can help them to cover vital expenses, such as remodeling projects on the home. Many homeowners turn to a home equity line of credit or a home equity loan to pay for those...
