How Young Is ‘Too Young’ to Buy Your First Home? Getting Started Early Has Its Ups and Downs

Many millennials are expected to enter the housing market in the next year with the interest rates still low. However, while it may be a good time, it does not necessarily mean that it’s the right time for you to make the investment. If you’re currently weighing your options when it comes to home ownership, here are some things to consider before you decide put the money down. Are You Struggling With Student Debt It’s possible to invest in a home when you’re still paying down student debt, but if you’re also struggling with a low-paying job and a high debt load, it may not be the right time to buy. Instead of trying to make ends meet to pay a monthly mortgage payment, it...

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What’s Ahead For Mortgage Rates This Week – April 24, 2017

Last week’s economic reports included NAHB Housing Market Index, Commerce Department readings on housing starts and building permits issued. The National Association of Realtors® released data on existing home sales; Freddie Mac released average mortgage rates and new jobless claims were also released. Builder Sentiment Dips in April, but Remains Strong The National Association of Home Builders reported that home builder sentiment dipped three points in April to an index reading of 78. Any reading over 50 indicates that more builders are positive about housing market conditions than not. Builders continued to cite concerns including shortages of labor and buildable lots and increasing materials costs. Builder confidence in housing market conditions do not always reflect building activity. March housing starts were lower at 1.215 million...

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Did You Know? How Accelerating Your Mortgage Payments Can Help Your Credit Score

The tough part might be over after your mortgage has been approved, but it’s still important to keep on top of your monthly payments and maintain a good credit score for your financial future. If you’re currently wondering how increasing your mortgage payments can help your credit outlook, here are some things to consider. Change Your Payment Schedule Most people opt for a monthly mortgage payment, which can certainly stretch the budget but is still something that can be maintained consistently. However, what many homeowners don’t realize is that more consistent payments, like a bi-weekly or even weekly payment, can actually pay down the principal that is owed on your home. While this may seem like enough of a benefit on its own, this will...

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Going on a Nice Vacation? Protect Your Home and Valuables With These 3 Key Tips

It’s always exciting to pack up and get away from your home for the sake of escape, but going on vacation also means leaving your home behind. While a good neighborhood can go a long way towards making sure your home stays safe in your absence, here are some additional tips for how to ensure you’ll be coming back from your trip without incident. Take Care Of Your Property Thieves will often assume that an unkempt yard and home maintenance issues are a sign of a homeowner that doesn’t care, and this will often attract them to a property. Instead of giving potential trespassers the wrong idea, ensure that your yard is well kept in your absence with no overgrown bushes, maintenance issues or items...

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