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Despite fluctuations in the economy, home values continue to climb. Reuters reported in June 2018 that U.S. housing prices are expected to rise at twice the speed of inflation and pay. But, what does this mean for renters who are trying to save for a down payment and are doing so at a much slower rate?
Congratulations, you have found your dream home! You and your realtor have worked out all the details with the seller and have finally agreed to the purchase price. Now what?
When times are tough, you can count on scammers to take advantage of the situation. Homeowners who are experiencing financial hardship and have fallen behind on their mortgage payments are particularly vulnerable to these crooks. Fraudsters promise to help homeowners avoid foreclosure, but they just end up causing more harm. In this article, we’ll look at some common mortgage relief scams, red flags to watch out for, ways to protect yourself, and resources that can help you.
Are you in you ready to take control of your life? Sidestepping these 10 mistakes can move you closer to financial freedom.
Equipment financing can be a powerful tool for growing your small business. Whether you’re looking to ramp up production, expand your geographical reach, or enter into a promising new product line, you may be wondering whether equipment financing is the right way to achieve your goals. In this article, we’ll briefly define equipment financing, cover some advantages and disadvantages of this form…
Interest rates are driven by the Federal Reserve, also known as The Fed, which is the central banking system of the United States. They set the Federal Funds Rate, which in simplest terms, is the rate at which depository institutions lend each other money.
Understanding credit scores and credit reports is crucial for anyone looking to achieve financial success.
You have decided to build your dream home. You found the perfect lot. You have hired the best builder and now you need the loan. Construction loans are different from a traditional mortgage, and we will give you the basics to get you started. There are two main types of construction loans, Construction-Only and a Construction-to-Permanent loan.
After months of looking, you finally found your dream home. It’s located in an area with a low crime rate, in one of the top school districts in the region, and to top it off - your move-in ready home is a few short miles from your employer. You’d move in next week if you could. But, before you rush…
A draw period is the period of time you can access funds available on a Home Equity Line of Credit. It can vary from bank to bank and even from product to product and is typically in a range of 10-25 years.
