The Federal Reserve announced, as expected, that they would raise the prime rate by .25%. Does this mean that interest rates on mortgages will increase? What does it mean for the average Joe? According to Dave Holding, VP of Production and Capital Markets at Mortgage Equity Partners, “while this would not mean that interest rates …
7 Reasons You Should Get a VA Home Loan
1. No down payment VA loans can be 100% financed, meaning you don’t have to save up for a down payment. Keep in mind, paying a small amount toward a down payment will save you money in the long run. 2. Affordable closing costs With traditional loan programs, you could pay anywhere from 2% to …
To renovate or relocate? That is the question.
How do you know when your home is no longer meeting your needs? Your life events will be the best indicator. People who are just starting out have different needs than those of a growing family. In either case, you always have a choice to stay where you are and renovate or pack it up …
5 quick tips that will save you money and increase your home’s value
When you are getting ready to sell your home there are many things to consider. The first and most important is the price for which it will be listed! The higher the better! Should you do a major home renovation project because you think you can gain resale value or should you let the next …
When the Fed Talks Mortgage Lenders listen and you should too!
What could an increase of the Fed Funds rate mean to you? Are rates going up?? It is widely speculated today that the FOMC (Federal Open Market Committee) will recommend to increase the Fed Funds rate by .25. The rate increased is a short-term rate that has direct effect on debt such as credit cards …
What do you need to know to protect your home this Hurricane Season?
Every year around this time consumers start to hear about flood insurance again. It is Hurricane season! Once a storm becomes imminent, it may be too late. Maybe you think you will be covered by your homeowners’ policy, but will you? Homeowners insurance provides coverage for wind damage to your dwelling, the detached units, and …