18 Dec 2025
By RESCO Realty

The Real Cost of Homeownership, What Buyers Must Know Before They Commit

Home Buying Tips, ,
Buying a home is an exciting step and a powerful wealth building move, but the purchase price is only part of the financial picture. Many buyers focus on the down payment and monthly loan amount, then feel surprised by the ongoing costs that come with owning a home. Understanding these expenses ahead of time helps you buy with confidence and avoid unnecessary financial stress. Your Monthly Mortgage PaymentFor most homeowners, the mortgage payment is the largest recurring expense. This payment includes the principal balance and the interest charged for borrowing the funds. The amount depends on your loan size, interest…
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28 Oct 2025
By RESCO Realty

Understanding Mortgages and Inflation and How Borrowers Can Benefit

Home Mortgage Tips, ,
Inflation affects nearly every part of the economy, from grocery prices to the cost of borrowing. For homeowners and buyers, understanding how inflation impacts mortgage rates and payments can be a powerful advantage. While rising prices can feel discouraging, there are strategic ways borrowers can benefit during inflationary periods. How Inflation Impacts MortgagesWhen inflation rises, the value of money decreases, and interest rates increase. This is because lenders want to protect the value of the money they lend. Higher inflation can mean higher mortgage rates for new loans, which may reduce affordability for buyers. However, for existing homeowners with a…
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06 Dec 2024
By RESCO Realty

Steps to Prepare for Future Real Estate Purchases

Home Buyer Tips, ,
As the year comes to a close, it’s the ideal time to take a step back and assess your financial situation, especially if you're planning to buy real estate in the coming year. Whether you're a first-time homebuyer, looking for an investment property, or aiming to upgrade, being financially prepared can make all the difference. 1. Review Your Credit Score Your credit score is a key factor in determining whether you’ll be approved for financing and what kind of interest rate you will receive. Obtain your credit report from the three major bureaus—Equifax, Experian, and TransUnion. Check for errors, and…
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