15 Dec 2021
By Mark Feder

How Long To Save Mortgage Documents

Mortgage
Purchasing a house involves a tremendous amount of paperwork. There is even more paperwork involved if the buyer goes through a lender. With so much paperwork, some homeowners might be wondering how long they have to keep all of these documents. Ideally, homeowners should keep these documents for the life of the loan, but there are a few other points to consider.  What Documents Come With The Home? Even though the exact documents that come with the home can vary depending on the type of purchase, there are a few common pieces of paper. The deed is one of the…
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14 Dec 2021
By Mark Feder

Housing Needs May Change Following Retirement

Mortgage
Life has changed for a lot of people during the past few years. Some people reached retirement age while other people decided to retire early due to other reasons. As the baby boomer generation reaches retirement age, millions more people are going to retire during the next few years. As a result, they might be thinking about moving to make some of their dreams come true. At the same time, retirement might change what people need in a home. What are some of the most important factors retirees need to consider when looking for a home?  Moving Closer To Loved…
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13 Dec 2021
By Mark Feder

What’s Ahead For Mortgage Rates This Week – December 13. 2021

Financial Reports
Last week’s economic reporting included readings on job openings and quits, month-to-month and year-over-year readings on inflation,  and the University of Michigan’s preliminary consumer sentiment survey for December. Weekly readings on mortgage rates and jobless claims were also released Job Openings Increase as Quits Decrease as Inflation Remains High The U.S. Labor Department reported that workers quit their jobs at record levels in October as job openings rose to 11 million openings as compared to expectations of 10.6 million job vacancies, which matched September’s reading for job openings. Fewer people quit jobs in October as 4.2 million workers left their…
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10 Dec 2021
By Mark Feder

Smart Ways To Create Equity Within Your Home

Homeowner Tips
Home equity is the difference between what your home can sell for and what you owe on it. Generally, the longer you own your home, the more equity you build. This is money you can use before you sell your home through a home equity loan. Just keep in mind that a home equity loan is secured with your home. If you can't make the payments, you can lose your home. Use Your Home Equity In Smart Ways: Remodel Your Home - If you've wanted to add on a family room or modernize your kitchen, consider using your home's equity to fund…
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