“Buying a new home can be quite the undertaking, and in many ways, it’s a numbers game.
Here are five stats, numbers and percentages you’ll need to be familiar with – to give you that winning edge…”
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“According to a recent Gallup poll, more Americans are beginning to view real estate as a viable long-term investment. Thirty percent of those surveyed early last month took this view, up from 25% just a year ago. Gallup credited an improving housing market as being the chief driver of the change in popular opinion on this matter…”
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The spring homebuying season is in full bloom, and odds are, if you’re reading this, you may be thinking it’s time to finally start looking for your first house. But before you dive in, it’s important to get your finances organized and know what you can afford. Here’s a checklist to get you moving toward this major purchase…”
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“If you’re wondering whether this summer is a smart time to buy a home, then let me cut to the chase. Thanks to still-historically low mortgage rates, housing may never again be as affordable as it is right now.
At present, the interest rate on a 30-year fixed rate mortgage is 4.19%. That’s the cheapest they’ve been all year, and they even recently dipped below half the long-run average of 8.52%…”
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“Think you can’t buy a home? Think again.
In November 2013, Trulia surveyed renters who want to buy a home, asking about the obstacles that hindered their goal. The survey respondents cited several barriers to buying a home, all of which are listed below.
Let’s explore these obstacles to homeownership, and look at how you can overcome each of them…”
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A study by Bankrate.com revealed that savings do not fluctuate with income. People typically spend what they make. This is due to impulse purchases.
Typical impulse purchases include lottery tickets, clothing, apps, larger food sizes, and games of chance. These purchases are usually not needed and they are instantly regretted.
Cutting down on some of these impulse purchases should increase your savings by a decent margin.
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Borrower advice website LoanLove.com has released a guide on getting a down payment on a home.
Potential home owners are given advice on the requirements necessary for getting a down payments and factors that can affect rates.
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When getting a mortgage, credit can be a major concern, and there are a few key factors that could make or break your mortgage.
While in approval stages, there are red flags that could have an impact on your mortgage.
For instance, if your mortgage is in its final stages, it is not a good idea to apply for other credit, dispute a creditor, max out a credit card, or carry a high balance of debt.
These could have a negative impact on your mortgage.
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Aviva Canada is warning potential insurance customers about possible frauds.
Scammers in Canada are acting as insurance sales people and taking money without giving people coverage.
Customers should be aware of who they are buying insurance from, and must make sure that he or she has a license.
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Drivers may be paying higher auto insurance premiums based on their credit scores.
A study by WalletHub.com finds that there is a 65% difference in insurance costs between those with high credit scores and those with low credit scores.
State law in California, Hawaii, and Massachusetts outlaws insurance providers from using credit score as a determinant, but it is a regular practice in the other states.
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