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NAHB Housing Market Index Ticks Upward

Housing Analysis , ,
Spring is almost here, and the National Association of Home Builders Housing Market Index (NAHB HMI) thawed slightly in March. The current reading of 47 is one point higher than for February, but still indicates pessimism among a majority of builders surveyed. Analysts expected a March reading of 50. The gauge of builder confidence stayed near its lowest level since May. March's NAHB HMI reading remained below the benchmark reading of 50, which indicates that an equal number of builders are positive about housing market conditions as those who are negative. A reading over 50 indicates that more builders are…
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4 Important Questions To Ask Before Refinancing Your Mortgage

Home Mortgage Tips , ,
So you are thinking of refinancing? Well you are in luck because I have 4 quick and important questions you should ask yourself before doing so. 1) Do I Have Enough Equity To Get A Mortgage? To get a conventional loan, you will usually need to have at least 20 percent equity. This means that your house will have to be worth at least $250,000 to get a $200,000 loan. If you have less equity, you could end up having to pay for private mortgage insurance, which can easily add $100 or more to your monthly payment. 2) How's My…
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Understanding Why You Don’t Need To Pay Off Your Mortgage Early

Home Mortgage Tips , ,
For those of us who have a mortgage, we know very well how stressful it can sometimes be to make the monthly payment on time. And then for some of us, late payments are inevitable. In fact, in 2013, from October to December, a whopping 3.85 percent of homeowners were behind on their mortgage payments. And while this percentage may seem a bit high, it's actually quite lower than it was earlier in the year of 2013, when more than five percent of homeowners were failing to make mortgage payments on time. As odd as it may seem, while some…
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What’s Ahead For Mortgage Rates This Week – March 17th, 2014

Mortgage Rates , ,
Last week's economic reports provided rays of light as compared to the recent slump in positive economic news. Unusually severe winter weather conditions affected housing-related indicators as home builders and home buyers stayed on the sidelines. With spring on the horizon, last week's economic news showed welcome signs of growth. Job Openings Up, New Jobless Claims Fall Employment is a major factor in the decision to buy a home; would-be home buyers received a vote of confidence last week as January's job openings increased by one million to 40 million as compared to December's reading of 39 million job openings.…
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Make Your Home Green This St. Patrick’s Day

Around The Home , ,
You're ready to make some changes to your home, but you want to be smart with your money and see a positive return on your investment. While most homeowners don't see that return until they sell their home, you can start seeing the benefits now through conserving energy by making your home green. So in honor of the upcoming green holiday, stop searching for that pot of gold. Get inspired by St. Patrick's Day to go green to cut your energy costs with the environmentally friendly renovations below. You'll soon see the savings building up at the end of the…
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Legal Secrets For Homeowners

Homeowner Tips , ,
Being a homeowner is exciting. It can be financially rewarding, too. Unfortunately, it can also put you in a tough legal position. Between the complexities of owning a house, having to deal with lenders and the risk that comes from owning something valuable, keeping yourself legally protected is a good idea. Here Are Some Risks And Some Ways To Handle Them HOAs. If you own a condo, townhome or other property in an association, the homeowner association is extremely powerful. Not paying their dues, violating their rules, or doing just about anything else to end up on the wrong side…
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What Financial Preparations Should I Make Before Applying For A Mortgage?

Home Mortgage Tips , ,
Getting a mortgage isn't an easy thing to do. Before a lender will put down tens of hundreds of thousands of dollars, it wants to know that the borrower can handle the loan so that it will get paid back. to this end, there are three things that a potential homebuyer can do to prepare for the mortgage approval process. Managing Debts For many homebuyers, managing their credit score is the biggest challenge. Mortgage lenders like buyers with strong credit. While getting strong credit usually isn't something that can be done overnight, paying bills on time, all of the time…
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How Do Mortgage Lenders Decide How Much You Can Borrow?

Home Mortgage Tips , ,
When you visit your lender to get a mortgage for your home, they will tell you the maximum amount that you are allowed to borrow. But how do they reach this total and what factors do they take into consideration? How do they determine that one borrower can take on a bigger mortgage than the next? This decision is made by mortgage companies by considering a wide range of factors, including your credit information, your salary and much more. Here Are Some Of The Common Ways That Lenders Determine How Much You Can Borrow: 1. Percentage Of Gross Monthly Income Many…
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What’s Ahead For Mortgage Rates This Week – March 10, 2014

Mortgage Rates , ,
Last week's economic news included construction spending and the CoreLogic Home Price Index for January.  Reports for February included ADP Employment, Non-Farm Payrolls and national unemployment data. The Federal Reserve's Beige Book report and weekly reports on mortgage rates and new unemployment claims rounded out the week's economic news. Highlights for last week include: Consumer spending gained 0.40 percent for January. The expected reading was 0.20 percent and the reading for December was flat. The Commerce Department reported that increased spending was less an indicator of consumer discretionary spending than an indicator of high utility costs caused by severe winter…
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How To Add Color To Your Home Decor Without Going Overboard

Around The Home , ,
There is a fine line between adding color to your home décor and using too much color, so that you feel like you are living inside a rainbow. A little bit of color will add a lot of fun and interest to your home design, but too much color can be overwhelming. How can you achieve that perfect balance? Here Are Some Tips To Keep In Mind For Using Color In Your Home In A Subtle And Balanced Way: Use Color Schemes Before choosing the colors for your décor, do a little bit of research into color schemes and how…
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