When you close on a mortgage, your lender may set up a mortgage escrow account where part of your monthly loan payment is deposited to cover some of the costs associated with home ownership. The costs may include but are not limited to real estate taxes, insurance premiums and private mortgage insurance. This practice ensures […]

When Buying a New Home Don’t Get Blindsided by Your Electric Bill! In states like California, Arizona, Florida, Massachusetts, Illinois, Pennsylvania, Maine, Nevada, and New Jersey electricity rates have DOUBLED in the last 7 years.  Now the second most expensive cost of homeownership outside the mortgage payment itself is the electricity bill.  There is a […]

With the year ending in a tough period for potential home buyers, many housing forecasts are predicting a shift for 2024. While prospective home buyers shouldn’t expect an immediate change to start the year, higher rates and costs should trend downward making purchasing a new home less discouraging and more of an affordable reality. Below […]

This year’s housing market was tough for both home buyers and sellers. Interest rates went up, housing inventory went down, housing prices stayed stagnant, housing sales decreased, and overall it has been more affordable to rent than to buy. Let’s dive deeper into a recap of the 2023 housing market. Interest Rates Went Up 2023 […]

Large expenses such as home improvements and college tuition typically require an amount of money that exceeds what you have in your bank account. This is where credit cards and other types of loans become beneficial. When deciding the best way to borrow money, it is important to look into all options and choose the […]