Closing costs are an essential part of the real estate process. These costs pay for a variety of things that would cause the real estate process to stall without them. Depending on your home’s value, closing costs can add up and make buying a home or refinancing not worth it. ...
Continue ReadingBeing a homeowner has plenty of advantages. One of the most significant advantages is receiving tax benefits granted by the federal government to encourage homeownership, in turn reducing your tax bill at the end of the year. This can help save you thousands of dollars and allow you to reinvest ...
Continue ReadingInterest rates in real estate refer to the cost of borrowing required by the lender issuing a mortgage. Interest rates are also one of the main factors that determine your monthly mortgage payment, and a higher interest rate corresponds with a higher monthly payment. This is why it’s so important ...
Continue ReadingIn 2020, home sales rose to their highest levels in nearly 15 years. Record-low interest rates spurred a ton of refinance activity and borrowers started to take advantage of these low rates when buying a home. However, buying a home isn’t always the right move for some people in certain ...
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