What’s Ahead For Mortgage Rates This Week – February 5th, 2024

The largest and most impactful financial data being released is as always the Federal Reserve rate decision. This time it fit well within the expectations across the broader market and lending partners, in that the Federal Reserve still remains to hold the current standing, and is showing push back on any potential rate cuts coming March when the next rate decision is planned.  Most of the economic indicators from last year and this month have added fuel to the speculation that the Federal Reserve has largely met their goals and there is a strong upside pending rate cuts.  The other…
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Beyond the Mortgage: True Cost of Homeownership

Owning a home is often hailed as the pinnacle of financial achievement, a symbol of stability, and a smart investment for the future. However, behind the allure of homeownership lies a maze of hidden expenses that can catch even the most diligent buyers off guard. We will discuss the less obvious costs associated with owning a home, shedding light on the financial realities that every prospective homeowner should consider. 1. Maintenance and Repairs: The Silent Siphon Beyond the initial excitement of moving into a new home lies a realm of ongoing maintenance and repair costs. From HVAC servicing to unexpected…
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How to Invest in Property with a Crowd

Real estate has long been considered a lucrative investment, but for many, the barriers to entry can be daunting. Enter real estate crowdfunding, a game-changing concept that allows investors to pool their resources and collectively invest in property. This innovative approach has democratized real estate investing, making it accessible to a broader audience. In this guide, we'll explore the ins and outs of real estate crowdfunding and provide you with the tools to navigate this exciting investment avenue. Understanding Real Estate Crowdfunding: Real estate crowdfunding involves a group of investors coming together to fund a real estate project. This can…
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First Things First, What To Do Upon Moving Into Your New Home

If you have purchased a new home and are going to move in soon, what are the first few things that you will need to do upon moving into your new home? Moving can be very stressful, but having a checklist can make your move to a new home effortless. Here are 6 easy steps that can eliminate any frustration and help you feel safe and secure:  Change Your AddressYou will need to change your address for all magazine subscriptions, bills, and other services. You can update your mailing address online or visit your local post office to find out…
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Millennials and the Pursuit of Homeownership

With rapid technological advancements and shifting societal norms, millennials find themselves facing a unique set of challenges and opportunities when it comes to securing a mortgage. The journey toward homeownership for this generation is a multifaceted one, influenced by factors ranging from soaring student loan debt to evolving housing preferences. The Student Loan Conundrum: One of the primary obstacles that millennials face when considering homeownership is the burden of student loan debt. With the rising cost of education, many find themselves struggling with substantial loan balances, which can impact their ability to qualify for a mortgage. Lenders typically assess debt-to-income…
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