17 May 2023
By Aadil Nathoo

What You Need To Know About Your Home Appraisal And Your Mortgage

Mortgage, ,
When buying a home, there are certain steps a buyer should go through before the home sale is official. First the buyer makes the offer, then the offer is accepted. Next the buyer schedules the inspection and home appraisal. Finally, everyone is ready for closing. It’s easy to overlook the impact of some of these steps, but when it comes to a mortgage, the home appraisal is actually quite important. Banks want to see that they are lending money for an investment that is worthwhile, so that appraisal is a crucial step to getting financing. Here is what buyers need…
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16 May 2023
By Aadil Nathoo

Buying A Home With Cash Versus Low Interest Rate Mortgages

Mortgage, ,
When deciding whether to buy a home with cash or to obtain a low-interest rate mortgage, there are several factors to consider. A cash offer can be very competitive in a real estate market, as it can give the buyer a significant advantage over buyers who need to obtain financing through a mortgage. Here are additional advantages and disadvantages of both. Advantages of buying a home with cash: You own the property outright, which means no mortgage payments are necessary. You may be able to negotiate a lower purchase price if you're able to pay in cash. You avoid interest…
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15 May 2023
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – May 15, 2023

Financial Reports, ,
Last week’s scheduled economic reporting included readings on inflation, consumer sentiment, and weekly readings on mortgage rates and jobless claims. Inflation Rate Rises in April, Slower Pace Expected in Coming Months The  U.S. Labor Department reported the month-to-month pace of inflation rose by 0.40 percent in April and matched analysts’ expectations. April’s reading surpassed the March reading of 0.10 percent month-to-month inflationary growth. Inflation rose by 4.90 percent year-over-year in April. Analysts expect inflationary growth to continue, but at a slower pace through 2023. Core inflation, which excludes volatile food and fuel sectors, rose at a month-to-month pace of 0.40…
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12 May 2023
By Aadil Nathoo

Should You Help Your Kids Pay for Their Mortgage?

Mortgage, ,
Whether or not to help your kids pay for their mortgage is a personal decision that depends on your financial situation, your relationship with your children, and your beliefs about financial independence. It's important to evaluate your own financial situation before deciding whether to help your kids pay for their mortgage. Make sure that you can afford to provide financial assistance without jeopardizing your own financial security. Your relationship with your children can also be a factor in your decision. If you have a close relationship with your children and want to help them achieve their financial goals, then providing…
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11 May 2023
By Aadil Nathoo

Should I Airbnb My Home?

Mortgage, ,
One of the main reasons people Airbnb their homes is to earn extra income. By renting out their homes to guests, hosts can earn money that can be used to pay bills, save for a vacation, or invest in their future. The decision to Airbnb your home ultimately depends on your personal circumstances and preferences. Here are some factors to consider that can help you make an informed decision: Legal Requirements: Before you decide to list your home on Airbnb, make sure you are legally allowed to do so in your area. Check your local regulations, zoning laws, and HOA…
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