Posted on by Beth Nordaune
One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter. Maybe it’s time to start thinking about buying a home, especially when they’re so affordable in today’s market. Every three years [...]
Posted on by Beth Nordaune
If you’ve been paying attention, interest rates have been historically low this year. In a statement to the press mid-month, Federal Reserve Chair Jerome Powell announced that the Fed would most likely not raise interest rates until at least 2023. This decision was made to help the economy recover as we continue working through the [...]
Posted on by Beth Nordaune
Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to stabilize, but it is evident that the [...]
Posted on by Beth Nordaune
Unless you are a cash buyer, settling on the amount you will pay for a home isn’t always as simple as agreeing to pay the listing price. If you are applying for a home loan, you have to get an appraisal. So what is an appraisal for? When do you have to get an appraisal? [...]
Posted on by Beth Nordaune
Pre-qualification, pre-approval, fully underwritten pre-approval: What are the differences? Are all of them necessary or just some? While aspects of pre-qualifications and pre-approvals are similar, there are some key differences. Pre-Qualification This is just an estimate to get an idea of what mortgage you can probably afford. A mortgage pre-qualification is generally quick to get, [...]
Posted on by Beth Nordaune
If you’ve been searching for a home to buy but can’t find what you want, is building a new home the answer? Beth weighs in. Â Find more helpful real estate tips here. [...]