Blog - Page 67 of 125 - Lori Blank & Associates

16

Feb

Real Estate

ITIN Loans: Are These Loans Right For You?

As you take a look at your mortgage options, you might find that a conventional mortgage presents a few qualification challenges. Fortunately, there are other options available, and you might be able to pursue an ITIN loan. This stands for Individual Tax Identification Number, and Individual Tax Identification Number loans could be beneficial for people cannot get approved for a qualified mortgage. What do you need to know about the process? What Are The Requirements Of An ITIN Loan? First, you need to get an Individual Tax Identification Number. While you do not need a Social Security Number, you might need to fill…

15

Feb

By lizlaurenb

Real Estate

What Is an Assumable Mortgage Loan: What You Need To Know

Everything has its benefits and drawbacks, and that includes mortgage loans. There are plenty of options available, and you need to find the best one to meet your needs. You have probably heard about conventional mortgages, FHA loans, and even VA loans. On the other hand, have you heard about assumable mortgages? What do you need to know about this option, and how do you know if it is right for you? An Overview Of An Assumable Mortgage So, what is an assumable mortgage loan? This means that the buyer is responsible for taking over the mortgage obligations of the…

14

Feb

By lizlaurenb

Real Estate

What To Know About Living In A 55 And Up Community

Are you thinking about moving in the near future? If you are approaching your golden years, you might be able to move into a community specifically designed for people 55 years of age and older. What are some of the top reasons to consider this type of community? No Maintenance To Worry About One of the biggest headaches of owning a home is the maintenance that goes along with it. As you get older, you might find that the maintenance gets more difficult, but in a 55 and up community, you might not have to worry about this. Many older…

13

Feb

By lizlaurenb

Financial Reports

What’s Ahead For Mortgage Rates This Week – February 13, 2023

Last week’s economic reporting included coverage of Federal Reserve Chair Jerome Powell’s speech to the Economic Club of Washington and the University of Michigan’s data on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also published. Federal Reserve: Chairman Jerome Powell Says the “Disinflationary Process” is Ongoing Fed Chair Jerome Powell said in remarks made to the Economic Club of Washington that the “disinflationary process” has started, but he also indicated that January’s unexpectedly strong jobs report indicated that further interest rate hikes are necessary: “We think we need to do further rate increases and we…

10

Feb

By lizlaurenb

Real Estate

The Top Reasons To Stop Renting And Buy Today

Buying a house can be expensive, and it can take a long time to save up money for a down payment; however, it might be time for you to stop renting and buy your own place. What are some of the top reasons why it might be time to put down some roots? Your Rent Is Going Up The reality is that your rent will go up with time. Every time you renew your lease, it can be frustrating to see that rent check continue to increase. If you are tired of your rent going up, get a mortgage. You…

08

Feb

By lizlaurenb

Home Buyer Tips

Is It Worth It to Put More Than 20 Percent Down?

Are you thinking of buying a new home this spring or summer? If so, you're not alone. Many thousands of individuals and families alike will become homeowners this year. Whether you're a first-time buyer or a seasoned veteran of the housing market, you probably know there are significant choices to make. One of the big decisions you will have to ponder is how much you want to invest in your down payment. With that in mind, let's try to answer the question of whether or not it is worth it to put more than 20 percent of the home's price…

07

Feb

By lizlaurenb

Real Estate

Getting A Mortgage When Self-Employed: What You Need To Know

There is a common misconception that someone who is self-employed will not have the tax records or income necessary to qualify for a mortgage; however, that is not necessarily the case. In reality, if you are self-employed, there are a lot of home loan options available to you. It is true that it might require some additional paperwork and planning, but as long as you have the necessary information, you should be able to qualify for a mortgage. What Is Necessary To Qualify For A Self-Employed Mortgage Loan? If you are interested in taking out a mortgage when you are…

06

Feb

By lizlaurenb

Financial Reports

What’s Ahead For Mortgage Rates This Week – February 6, 2023

Last week’s economic reporting included readings on home price growth from S&P Case-Shiller and the Federal Housing Finance Administration. Monthly reports on job growth and unemployment were released by the federal government and ADP. Weekly readings on mortgage rates and jobless claims were also released. S&P Case-Shiller HPI: Home Prices Drop in November S&P Case-Shiller Home Price Indices revealed that U.S. home prices fell for the fifth consecutive month in November. The National Home Price Index fell by -3.1 percent year over year in November as compared to a positive reading of 2.8 percent home price growth in October. Miami,…

03

Feb

By lizlaurenb

Home Mortgage Tips

3 Reasons Why Buying an Investment Property Is the Best Way to Build Your Net Worth

Whether you have recently graduated from college or are getting close to retirement, it's likely that you have given some thought as to how you can grow your net worth. You might have invested in stocks, picked up a few bonds or have a 401(k) plan set up to help fund your retirement. But have you considered buying real estate as part of your portfolio? In today's blog post we'll have a look at three reasons why real estate investing is one of the most effective ways to grow your overall net worth. Reason #1: It Generates Passive Income One…

02

Feb

By lizlaurenb

Financial Reports

S&P Case-Shiller Home Price Indices: Home Prices Fall In November

U.S. home prices continued to fall in November according to S&P Case-Shiller’s month-to-month national and 20-city home price indices, but home price growth rates remained in positive territory year-over-year. The national home price index posted a 7.70 percent year-over-year home price growth rate as of November 2022. 20-city home price index posts 5th consecutive month-to-month decrease in November The S&P Case-Shiller 20-city home price index for November reported that the top three cities for home price growth were Miami, Florida with a year-over-year home price growth rate of 18.4 percent; Tampa, Florida followed with a year-over-year home price growth rate…