Here's Why Your Home Equity is Your Most Valuable Asset
A simple way to understand what home equity is is to think of it as the portion of your home that you truly own, that is, the value of your home not included in your current home loan. Home equity is what makes homeownership such a great investment. The opportunity to increase equity can be quite...
Real Estate News 5/20/19
First American Financial Corp., Santa Ana, Calif., said rising home affordability is benefiting home buyers at a key point of the spring home buying season. "The interest rate-driven affordability surge arrived just in time for the spring home-buying season," said Odeta Kushi,...
What's a Hybrid Loan and How It's Different Than a 30-Year Fixed Loan
Two common mortgage types that you've probably heard of are a fixed-rate and an adjustable-rate mortgage. A fixed-rate mortgage has a set rate for the whole life of the loan while an adjustable-rate mortgage, or ARM loan, usually begins with a lower rate than adjusts to a fixed-rate...
Real Estate News 5/13/19
Homebuyers may have fared better following the latest housing boom than renters, according to a report from CoreLogic. Data from CoreLogic’s Single Family Rental Index indicates that renters are more cost-burdened than homeowners, and that the monthly cost to rent a...
First-Time Homebuyers: Avoid These Mistakes!
Buying your first home is a thrill. Browsing homes online, daydreaming when driving through neighborhoods, and creating a Pinterest board to save remodeling ideas is great fun. But don't let the excitement of buying your first home cause you to make silly mistakes.
Here are the most...