With Mortgage Interest Rates Low, Should You Refinance?
(CrossCountry Mortgage, LLC NMLS #3029)
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Do you have a mortgage? You’ve likely seen or heard a lot about mortgage refinancing as interest rates remained low in recent months.In today’s blog post we’ll explore the topic of mortgage refinancing, including when you should consider refinancing and how to take advantage of low interest rates...
What’s Ahead For Mortgage Rates This Week – January 11, 2021
(CrossCountry Mortgage, LLC NMLS #3029)
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Last week’s economic reports included readings on construction spending and reports on the national unemployment rate and job growth. Weekly reporting on mortgage rates and jobless claims were also published.Construction Spending Increases as Demand for Homes RisesHomebuilders responded to increa...
Smart home technology is useful for many reasons. It improves security, helps improve energy-efficiency, and makes it more convenient for the home’s occupants. There is also a new trend in the use of smart home technology as a sales tool to help sell a home or a condominium.A real-estate agency i...
Decorating and putting the finishing touches on your new home is definitely one of the most fun parts of moving. It’s satisfying to fill your new home with furnishings and décor choices that reflect your personality and lifestyle.One of the most overlooked aspects of decorating is the hardware. H...
It’s more likely that someone will incur an injury on moving day than on an ordinary day. The reason is that people are moving in ways that they don’t normally move, loads can be heavy, and accidents do happen. However, most injuries on moving day can be prevented by taking a few simple precautio...
It’s often harder to make friends as an adult than it is when you’re a child. It’s even more challenging to make adult friends when you move into a new neighborhood. You may feel like people already have their own group of friends and aren’t looking to include newcomers. Of course, that’s just an...
There are a few things to consider, when selling a home, that will help you maximize your potential for a better sales price. Seasoned real estate professionals are one of your best resources for these tips.The Buyer’s First Impression Is EmotionalThe first goal is to improve the buyer’s first im...
Boom Or Bubble? – Home Prices Hit Record Highs Across America
(CrossCountry Mortgage, LLC NMLS #3029)
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The rapidly rising home prices currently found in many parts of the United States make it seem like the Great Recession of 2008 never happened. It took approximately eight years for home prices to recover the values that were equivalent to those they had before the recession.After reaching this p...
The Monopoly Technique – Build Value By Acquiring Adjacent Properties
(CrossCountry Mortgage, LLC NMLS #3029)
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Have you ever played the classic board game called Monopoly? The object of the game is to collect all the properties until one winner bankrupts all the other players. The other part of the game is that accumulating properties adjacent to each other increases the value of the individual properties...
A hot market in real estate is identified by a few things, which include higher prices, lower amounts of unsold inventory, and desirable neighborhoods. Neighborhoods can increase in value because of having an excellent location, high-paying jobs, quality schools, and a variety of attractive ameni...
3D Printing Used For Home Renovations And Construction
(CrossCountry Mortgage, LLC NMLS #3029)
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3D printing technology is a game-changer in the home construction business. Not only is the technology capable of printing a home, but it can also be used to print one at a much lower cost when compared to traditional home construction.All3DP reports on homes printed using 3D technology that cost...
Having a “smart home” is a trend that is popular. What does it actually mean? Smart home technology improves energy-efficiency, increases security, and creates more convenience for the home’s occupants.Innovative smart home technology improves with the deployment of the Internet of Things (IoT), ...
As you come up to the date of your closing, there’s time to reflect on everything that led to this step. Your real estate agent, mortgage broker, title company and others all work hard to ensure a successful closing for you. They’re all in your corner, hoping for the same outcome as you. They’ve ...
Home Staging Tip – Urban Gardening in Small Spaces
(CrossCountry Mortgage, LLC NMLS #3029)
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Home staging means getting a home ready for sale with the goal to maximize the sale price and close a sale as fast as possible. Some home staging tasks are very dreary, like having to get the place sparkling clean. That is really not fun work. It may be better, if it is affordable, for the homeow...
Simple Tips To Pay Off A Home Mortgage Loan Faster
(CrossCountry Mortgage, LLC NMLS #3029)
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It is a major life decision to buy a home and yet many do not consider how much they will pay on the interest over the life of the loan. All they usually think about is if they can afford to pay the monthly mortgage payments.It is helpful to learn how different loan structures impact the amount o...
Fed Holds Key Rate Steady As It Watches Economic Trends
(CrossCountry Mortgage, LLC NMLS #3029)
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Federal Reserve policymakers held the federal funds rate at its current range of 2.25 to 2.50 percent. Analysts speculated that the Fed may lower its key rate based on signs of slowing economic growth and the President’s encouragement to lower the Fed rate.Federal Open Market Committee members ci...
What’s Ahead For Mortgage Rates This Week – June 17th, 2019
(CrossCountry Mortgage, LLC NMLS #3029)
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Last week’s economic reports included readings on inflation, retail sales and consumer sentiment. Weekly readings on mortgage rates and first-time jobless claims were also released.Consumer Price Index Lower in May as Retail Sales Hold SteadyLast month’s Consumer Price Index, which is a widely-us...
A short sale is when the mortgage lender(s) agrees to sell the property for a lower amount than the loan-balance remaining.During the worst moments of the 2006 to 2008 real estate crisis, homes sold as short sales for a fraction of their value. Lenders had so many properties with loans in default...
A reverse mortgage is a way to use the equity value that built up in a home to improve the quality of life for those who have appropriate circumstances when they reach the retirement age of 62 or older. With a reverse mortgage, a person continues to live in their own home and retains the title to...
How does an average homeowner become a real estate investor? Certainly, owning a home is an investment in real estate. However, this guide discusses the next step for many to become a real estate investor. This is to buy another property and use it for a commercial purpose. Owning another home is...
What happens when you suddenly get a notice to pay your mortgage to a company you may have never heard of? How do you determine if this is a legitimate request or a scam?A borrower may get a written notice or an email that their mortgage sold to another entity or that a new loan servicing company...
NAHB: May Home Builder Confidence Hits Highest Level in 7 Months
(CrossCountry Mortgage, LLC NMLS #3029)
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The National Association of Home Builders reported the highest builder confidence reading in seven months for May. May’s reading exceeded expectations for an index reading of 64 and rose three points to 67.Component readings for the main NAHB reading were also higher. Builder confidence in curren...
