19 Jul 2023
By Mark Feder

Why You Should Consider a Home Energy Audit

Around The Home
In today's environmentally conscious world, finding ways to save on energy costs has become increasingly important. One effective method to achieve both goals is by conducting a home energy audit. A home energy audit is a comprehensive assessment of your home's energy efficiency and helps identify areas where energy is being wasted. Identify Energy Inefficiencies: A home energy audit provides a detailed analysis of your home's energy consumption patterns. Certified auditors use specialized tools and techniques to evaluate various aspects of your property, including insulation, HVAC systems, appliances, lighting, and more. Save on Energy Costs: Identifying energy inefficiencies through a…
Read More
18 Jul 2023
By Mark Feder

Understanding Assumable Mortgage Loans

Home Mortgage
Mortgage loans are an essential aspect of financing the purchase of a property. Among the various types of mortgages available, one option that may be advantageous for both buyers and sellers is an assumable mortgage loan. An assumable mortgage loan is a type of home loan agreement that allows a homebuyer to assume the existing mortgage of the seller when purchasing a property. In other words, the buyer takes over the seller's mortgage terms and conditions, including the interest rate, repayment schedule, and remaining balance. Benefits of an Assumable Mortgage Loan: Favorable Terms: Assumable mortgages often carry lower interest rates…
Read More
17 Jul 2023
By Mark Feder

What’s Ahead For Mortgage Rates This Week – July 17, 2023

Financial Reports
Last week’s economic reporting included readings on month-to-month and year-over-year inflation and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also published. Month-to-Month Inflation Rises as Year-Over-Year Inflation Slows The Consumer Price Index for June rose 0.20 percent in June as compared to May’s reading of 0.10 percent growth and expectations of 0.30 percent month-to-month growth. The core CPI reading, which excludes volatile food and fuel sectors, fell to 0.20 percent growth in June as compared to May’s month-to-month reading of 0.40 percent growth. The year-over-year reading for the Consumer Price Index in June slowed to 3.00…
Read More
14 Jul 2023
By Mark Feder

Insufficient Property Appraisal: What to Do When the Appraisal Falls Short

Home Financing Tips
When buying or selling a property, one crucial step in the process is obtaining an appraisal to determine its value. Appraisals provide an objective assessment of a property's worth, influencing important decisions such as mortgage approvals, negotiations, and even insurance premiums. However, there are instances when the appraisal falls short, causing challenges and uncertainties for both buyers and sellers. In this blog post, we will explore what to do when faced with an insufficient property appraisal and provide some practical steps to navigate this situation. Understand the Appraisal Process: Appraisals are typically conducted by licensed professionals who evaluate various factors,…
Read More