31 Mar 2023
By Mark Feder

White Lies That Could Make It Harder To Buy A Home

Mortgage
Right now, the real estate market is very competitive, and you might be tempted to use a few white lies to make your offer seem more competitive. No matter how much you want to purchase a home, you need to make sure you are completely honest and open when you go through the process from start to finish. What or a few examples of common white lies that people tell that could jeopardize your application or your mortgage as a whole? Lying About Your Primary Residence If you plan on living in the house full-time, make sure you say so.…
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30 Mar 2023
By Mark Feder

Rebuilding Costs: Rethinking How Much Homeowners Insurance You Really Need

Mortgage
Buying a home comes with numerous financial planning obligations. It's far from a turn-key operation and one of the significant challenges involves developing a working knowledge about things often outside your area of expertise. For example, working as an educator, police officer, investment banker or office staffer does not necessarily make you an expert about home repairs or insurance coverage. Yet, the average homeowner is tasked with carrying a certain level of homeowners insurance coverage without a strong working knowledge. Many homeowners just purchase enough insurance to cover the purchase price or take the advice of others. Both of those…
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29 Mar 2023
By Mark Feder

5 Tips for Crafting a Counter-offer That Doesn’t Scare Away a Potential Home Buyer

Home Seller Tips
If you've recently put your home up for sale, one of the most exciting parts of the selling process is getting an offer. However, all is not said and done once you've received an offer, as you'll probably want to negotiate a better price. If you're wondering how you can counter without losing a potential buyer, here are some tips when the time comes to negotiate. Lower Your Price (A Little) As a seller, it's important to believe in the price you've put your home on the market for, but lowering your asking price after getting an offer will tell…
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27 Mar 2023
By Mark Feder

What’s Ahead For Mortgage Rates This Week – March 27, 2023

Financial Reports
Last week’s financial and economic reporting included readings on sales of new and previously-owned homes, along with weekly data on mortgage rates and jobless claims. Single-Family Home Sales Rise in February Year-over-year sales of previously owned homes rose 14.5 percent to a seasonally-adjusted pace of 4.58 million sales. Analysts expected 4.20 million sales of pre-owned homes as compared to January’s year-over-year reading of 4.0 million sales. February’s increased sales halted 12 months of falling sales of previously-owned homes. February’s reading marked the highest pace of sales since July 2020, when sales of pre-owned homes rose by 22.40 percent. The National…
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