Welcome to 2022 and while I’m sure each of us over the next week will inevitably write, type, text, or data, enter the wrong year somewhere 2022 is here and we’re ready. This is the first time since 2018 where we enter a year not really having a line of sight as to what the first quarter is going to
Independent contractors account for a huge portion of the U.S. economy. According to the Freelancers Union, more than 50 million Americans operated this year as freelancers, which translates into about 35 percent of the country’s workforce. And while freelancing has many perks, getting approved for a mortgage isn’t one of them. Unfortunately, the ongoing coronavirus pandemic has put additional hurdles in
Even in the best of times, house hunting comes with built-in stressors ranging from mortgage approvals to bidding wars and beyond. But house-hunting during the coronavirus pandemic can change the game entirely. Toward that end, here are five surprising lessons one homebuyer learned while house-hunting during these ongoing difficult times. 1. Don’t expect bargains Early on during the pandemic, some
Written and published on 3/26/20 by: Barry Habib and Dan Habib, “Mortgage Crisis and Fed Unintended Consequences” The Coronavirus Meltdown The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers around capital that’s required by Mortgage Lenders to be able to function
Whether it’s choosing the wrong location or buying more house than you can afford, almost everyone makes mistakes when it comes to purchasing a home. That being said, certain age groups are more susceptible to particular missteps than others. Here, Bankrate discusses some common mistakes homeowners make at each age, and a few ways to avoid them. 20s: Getting the wrong
Thinking about buying your first home? That worrisome down payment has probably kept you awake for more than a few nights. That’s understandable. Although a pre-approval is crucial for determining your buying power, it’s the down payment that shows you mean business. Saving up is difficult, however, and it’s often a roadblock that keeps many individuals from buying a home.
If you’re a homeowner, there’s one thing that won’t change: your obligation to make a monthly mortgage payment. The good news? A loan term doesn’t have to dictate when you free yourself from this financial commitment. Here, Trulia gives 5 tried-and-true ways to pay off and cut the ties early while lowering the total amount paid in the process. 1. Refinance
When it comes time to purchase a home, a proof of funds letter shows that a buyer has enough liquid cash to complete the deal. If fact, buyers shouldn’t feel prepared to make an offer without this document because buyers will want to see this essential paperwork to determine whether the purchaser is truly able to afford the house. Here, Realtor.com
Springtime means warmer temperatures, blooming flowers—and prime real estate season. However, the market is different every year, and spring 2018 is a uniquely challenging time for buyers, especially those looking for starter homes due to low inventory, higher prices and rising interest rates. Here, Trulia offers some smart choices and tips that can help homebuyers in this spring’s tight housing market.
A closing disclosure form outlines the terms and costs of your mortgage, and it’s one of the most important pieces of paperwork to check before you close on a home. Lenders must provide borrowers with a closing disclosure (or a CD) at least three business days before closing—that day when all of the remaining paperwork is signed and you get the
