Assessing Your ‘Debt-to-Income Ratio’ and Why This Number Matters When Getting a Mortgage

For those who are looking to buy a home soon, keep in mind that the Debt-to-Income ratio of the borrower plays a huge role in the approval of your mortgage application. A low DTI may make it easier for the lender and the underwriter to justify making a loan to the borrower.

Seeking the Perfect Summer Home Improvement Project? It’s Time for an Inground Pool

The warmer summer months provide homeowners with the ideal conditions for making improvements to their property, and many will want to put installing an in-ground swimming pool at the top of their list of improvement ideas.

House Hunting? Watch for These 5 Red Flags when Viewing Potential New Homes

While there are specific factors that buyers may be searching for in a new home, there are also a few warning signs that home buyers should keep their eyes open for. The following are among the top red flags that may serve as warning signs.

3 Reasons Why Your Closing Costs Will Vary Depending on the Type of Home You Buy

Savvy home buyers who are preparing to make a real estate purchase should do their research and understand that they need to save money for not only the down payment, but the closing costs as well. Some home buyers however, may not realize that the amount of closing costs can vary considerably based on the home that is purchased.

Dealing with the Summer Heat? How to Keep Your Home Cool Without Using a Ton of Energy

Many people look forward to the long, relaxed, sunny days of summer, but they also dread opening up their energy bills throughout the summer months. Cooling a home can be costly, and many are searching for convenient ways to lower cooling costs without sacrificing on comfort inside the home on the warmest days of the year.

The Pros and Cons of Paying Your Mortgage Bi-weekly Vs. Monthly

When applying for a new mortgage or after closing, many will have the option to choose between a single monthly mortgage payment or smaller bi-weekly payments. There are benefits and drawbacks associated with both options, and some personal financial considerations may need to be reviewed in order to make a decision that is best for the individual.

Let’s Talk Hardwood: Why Converting Your Home to Hardwood Flooring Will Boost Its Value

When a homeowner makes the decision to upgrade flooring in one area of the home or throughout the entire space, there are numerous materials that may be considered. While each material option has its unique benefits and advantages, many are drawn to hardwood flooring as an option.

What’s Ahead For Mortgage Rates This Week – July 6, 2015

Last week’s housing-related economic events included the Case-Shiller Home Price Index reports for April, the Commerce Department’s Pending Home Sales report and a report on Construction Spending. In other economic news, Non-Farm Payrolls, the ADP Employment report and Consumer Confidence reports were released. Freddie Mac’s mortgage rates summary and the weekly unemployment claims report were released as usual.

3 Reasons Why the Lowest Mortgage Interest Rate Isn’t Always Your Best Option

One of the more common methods that home loan applicants use to find the best loan program available is to compare interest rates, but choosing the lowest rate possible is not always the best option available. In fact, in some cases, it may be one of the least advantageous options when all factors are considered.

What’s Ahead For Mortgage Rates This Week – June 29, 2015

Last week’s economic news was largely positive as both new and existing home sales beat expectations. The Federal Housing Finance Agency reported that home price growth held steady in May, while weekly jobless claims edged up, but were lower than expected.

Safety Tips: 5 Ways to Prepare for a House Fire – and What to Do if One Breaks Out

House fires can break out for a wide range of reasons, and these include everything from grease fires while cooking in the kitchen to lightning striking the home.

Family Matters: How to Choose the Perfect Home for a Large or Growing Family

Selecting the right home to purchase for a family is a monumental task, and this process can seem even more challenging for those with a large or growing family.