Tuesday, 23 April 2024

Finance & Mortgage

Mortgage rates hit an all-time low

'Homeowners Now Forking Out $2,800 Just To Cover Monthly Mortgage Payments: Survey

Monthly mortgage payments now represents 58% of the median pre-tax monthly income of $4,773 for full-time workers in the US.

When to Pay Off Your Mortgage Early?

'4 Things You Should Never Tell Your Loan Officer When Getting a Mortgage

When you're applying for a mortgage, there are certain things you should reconsider before disclosing to ensure smooth and successful process. Here are four.

Renters insurance: what it is and why you need it

'3 Florida Property Insurance Companies Announce Plans To Reduce Rates

The reduction kn insurance rates will range between 0.5% to 2%.

EDITOR'S PICKS

'14 States Where Americans Earning Less Than $75,000 Can Afford a Home: Analysis

That number dropped from 36 states over the last four years amid soaring home prices and mortgage rates.

By D. Ong
'3 Signs You Are Ready To Refinance Your Mortgage

Are you planning on refinancing your mortgage? Here are signs you are ready for the next step.

By D. Ong
'5 Types of Tax-Deductible Home Improvement Projects

Some home improvement projects may grant you a tax deduction. Here are five types of home improvement projects that qualify.

By D. Ong
'Biden Administration Mulls Reducing Closing Costs Amid Housing Affordability Crisis

The measure could provide relief to home buyers struggling to purchase homes due to rising closing costs and home prices.

By D. Ong
'More Americans Are Skipping Meals and Medical Treatments To Afford Housing Payments: Report

A striking share of homeowners and renters are skipping essentials as housing increasingly becomes financially burdensome.

By D. Ong
'Home Prices ‘Will Go through the Roof’ When Mortgage Rates Fall: Corcoran

The mortgage rate for the 30-year fixed-term loan is currently 6.79%, according to Freddie Mac.

By D. Ong
'A Family of Four Needs an Income of $300,000 To Live Comfortably in the US: Analysis

Living comfortably was defined as having enough income to cover a 50/30/20 budget for a family of two adults and two kids.

By D. Ong
'10 US Cities Where Renting Is Better Than Buying a Home: Report

Renting has become a more affordable option than buying a home in the country's 50 largest metropolitan areas.

By D. Ong
'Here Are the Cities Where Rents Are Falling the Most

The median asking rent in the US in February 2024 fell by $50 from its peak in August 2022.

By D. Ong
'If You Sold a Home in the Last Four Years, You May Get a Piece From the $418M Realtor Settlement

Sellers who sold a home after Oct. 31, 2019, through Feb. 1, 2024, may be eligible to receive settlement payments.

By D. Ong
'Navy Federal Asks Judge To Dismiss Racial Lending Discrimination Lawsuit

Navy Federal was previously accused of having mortgage approval practices that discriminated against Black and Latino borrowers.

By D. Ong
'Mortgage Rates Expected To Stay Above 6% Through 2025: Report

Mortgage rates were previously forecasted to drop to 5.9% by the end of 2024.

By D. Ong