21 Feb 2018
By RESCO Realty

The 4-Step Financial Checkup to Get Ready for a Mortgage This Year

Home Mortgage Tips, ,
Are you ready to join the ranks of homeowners in our local community? Congratulations – homeownership is a big step towards building your net worth and financial freedom. However, it is also a significant transaction that will affect your finances for the foreseeable future. Let's take a look at a quick four-step checklist that will help you to get ready to buy a home with a mortgage this year. Step 1: Set Up A Monthly Budget It might sound a little basic, but the best first step is to commit to a monthly budget. After you buy a home using…
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20 Feb 2018
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – February 20th, 2018

Financial Reports, ,
Last week's weeks economic releases included readings on the NAHB Housing Market Index, housing starts and building permits issued and consumer sentiment. Weekly readings on mortgage rates and new jobless claims were also released. NAHB: Builder Confidence in Housing Market Holds Steady in February The National Association of Home builders reported an index reading of 72 for its Housing Market Index in February. January's reading was also 72; readings over 50 indicates that more builders than fewer are confident about housing market conditions. Three readings comprising the overall NAHB HMI reading include builder confidence in current market conditions, which was…
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16 Feb 2018
By RESCO Realty

Questions and Answers Regarding Escrow Accounts

Mortgage, ,
Whether you are purchasing a new home or you are considering applying to refinance your home, chances are the lender will require an escrow account. These accounts are often a source of confusion for homeowners. In reality, these accounts benefit the homeowner and help protect the lender. What is an escrow account? Escrow accounts are sometimes called "impound" accounts. These accounts are set up to help manage payments of property taxes and homeowner's insurance. Depending on the individual requirements of the lender, you may be asked to pay as much as one-quarter of these upfront and they will be put…
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