15 Dec 2022
By Mark Feder

Are Firefighter Mortgages Legit?

Mortgage
As a firefighter, you put your life on the line every day. You are there when people need you the most, and you might be wondering how you can finance a home. Even though the housing market has gotten expensive, there are special programs that firefighters can take advantage of. That way, you might have an easier time purchasing the house of your dreams. Special Programs Are Available For Firefighters As a rule of thumb, people are expected to put 20 percent down for a home. This can cost tens of thousands of dollars, and it might be difficult for…
Read More
14 Dec 2022
By Mark Feder

How Do I Know If It’s a Good Idea to Refinance My Mortgage?

Home Mortgage Tips
Are you interested in paying less per month on your mortgage? Or perhaps you would prefer if your mortgage was paid off a couple of months – or years – faster? If you are a homeowner with a mortgage, one option that is open to you is refinancing. In today's post, we will explore the topic of mortgage refinancing and how to know if it is a good idea. How Does Refinancing Work? In short, refinancing is a process in which pay off your existing mortgage and borrow a new mortgage under a different set of terms. In most cases,…
Read More
13 Dec 2022
By Mark Feder

How To Finance A Home Renovation

Mortgage
The housing market continues to be very competitive, so you may have to be a bit more flexible with what you are looking for. For example, you may come across a home that is not quite perfect, but it has a lot of the features that you need. In that case, you may be wondering how you can finance a home renovation. One of the best ways to do so is using the FHA Streamline 203(k) program.  What Can The FHA Streamline Program Finance? There are several examples of home renovations you may be able to fund using the FHA…
Read More
12 Dec 2022
By Mark Feder

What’s Ahead For Mortgage Rates This Week – December 12, 2022

Financial Reports
Last week’s scheduled economic reports included preliminary monthly readings on inflation and consumer sentiment along with weekly reporting on mortgage rates and jobless claims. University of Michigan Reports Slower Inflationary Growth The University of Michigan predicted lower inflationary growth as December’s year-over-year reading for inflation fell to 4.6 percent from November’s year-over-year reading of 4.9 percent. This was the lowest inflation reading since September 2021. Analysts credited lower gasoline prices for slowing rapid inflation rates seen in recent months. Falling gas prices also contributed to higher consumer sentiment levels reported in December’s edition of the University of Michigan’s Consumer Sentiment…
Read More