Fed Raises Benchmark Rate Again, How Will This Affect You?

The Federal Reserve (Fed) raised its benchmark rate by a quarter percentage point, from 1% to 1.25%effective June 15, 2017. A reading of the Fed’s policymaking body, Federal Open Market Committee (FOMC)’s statement signals that this won’t be the last rate hike this...

How to Get Lower Mortgage Payments?

Mortgage payments take up a significant part of your monthly income. When buying a home, how much of your paycheck goes to paying your home loan is therefore a significant point of consideration. Take note that it is not the only expense you’re going to have to...

Questions to Ask a Realtor When Buying Your First Home

Are you ready to buy your first home? Congratulations! You are about to embark on an exciting journey. Along the way, though, it’s easy to get overwhelmed. Before you get started, we recommend that you compile a list of questions you should ask your realtor.Looking...

Assemble a Team to Help You When Buying a Fixer-Upper House

Houses that are move-in ready are a lot more convenient thinking that you don’t have to worry about anything else other than moving in. However, these properties can be very expensive.What makes fixer-upper houses very appealing is the attractive price tag. With some...

How Much Does a Home Inspection Cost?

Most lenders don’t require a home inspection, but it’s highly recommended so that you know what you are buying. Just because your lender requires an appraisal, doesn’t mean you’ll know if something is wrong with the home. The appraiser’s job is to determine the home’s...

Can you Take Over Someone’s Mortgage if It’s Assumable?

Does taking over someone’s mortgage seem easier than getting your own mortgage? You might be in for a little surprise. Today, an assumable mortgage still requires approval, just like you would need if you took out your own mortgage.Looking for Current Mortgage...

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Take Advantage of California First-Time Home Buyer Programs

Do you live in California and are trying to buy your first home? Did you know that there are California First-Time Home Buyer Programs available? These programs are run by CalHFA. You do not apply for the loan directly through CalHFA. Instead, you apply with a CalHFA...

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