When you earn a six-figure salary and are looking for a new home, your first question might be “How much house can I afford on $100k a year”? An income of $100,000, which is higher than most other U.S. households, certainly allows you plenty of options for your dream home. But your price range depends on […]
How to Make Sellers’ Agents Know You Are a Serious Buyer Today’s housing market is experiencing increased competition. With lower housing inventory and fast-moving buyers, bidding wars and competitive offers have become more common. As a result, buyers may need to act more quickly to have an edge in this crowded landscape. One way to […]
Fed Hikes and Mortgage Rates Explained How will the Fed’s recently announced quarter-point hike to the Fed Funds Rate affect mortgage rates? The answer may surprise you. The Fed Funds Rate is not the same as a mortgage rate because it can change from one day to another, while mortgage rates can be in effect […]
“You’ve Been Pre-Qualified!” We’ve all received mailers and emails letting us know that our finances are in good shape to buy a house. The message usually goes on to say that you’re a great potential customer to become a homeowner. After a pre-assessment of your finances, credit history, and earning potential, a lender has determined […]
When you refinance your house, the new loan pays off the existing loan. The most obvious advantage of refinancing is helping financially strained borrowers to use some of the money from their home’s value to cater to other needs. This is especially helpful when you’re anticipating an increase in your budget. Other benefits include shortening […]
