Buying and Selling a Home at the Same Time? How to Juggle These Two Transactions

There are few things that can be more stressful than buying or selling a home. When you are buying and selling a home at the same time, your stress level may understandably skyrocket through the roof. There may be financial aspects of both transactions that may be cause you stress, and you may be dealing with logistical issues or simply feel stressed by the stacks of documents piling up for both transactions. While this will inevitably be a challenging time in your life, you can more easily navigate through the transactions with success by following a few tips. Consider the…
Read More

What’s Ahead For Mortgage Rates This Week – March 29, 2021

Last week’s economic news included readings on sales of new and previously-owned homes along with final March index readings on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released. Sales of New and Pre-Owned Homes Fall in February Weather-related problems disrupted sales of new and previously-owned homes in February as low inventories of homes for sale further stalled sales. The National Association of Realtors® said that sales of new and pre-owned homes were slowed by persistent shortages of homes on the market. Shortages of available homes were common before the pandemic and are more pronounced now.…
Read More

An Overview of Amortization: It Plays A Role In Monthly Mortgage Payments

Even though this may sound like a fancy word, amortization is simply a long word for a straightforward topic. Furthermore, it plays a significant role in the determination of monthly mortgage payments. Before taking out a home loan, homeowners need to understand how their payment schedule works and what this means for the future of the home loan. Amortization refers to the way monthly payments are calculated to make sure that homeowners pay the same amount every month throughout the life of the loan. Even if homeowners do not stay in the house for the life of the loan, amortization…
Read More