How to finance a second home Whether you are purchasing a vacation home in a warmer climate or buying a lakeshore home in northern Minnesota, you’ll follow the same basic steps when it comes to financing a second home. Here are insights you can use as you purchase a second property. 1. Budgeting for a … Read more
February 2022 Market Insights Individual circumstances are more important than current mortgage rates Key insights from January 2022 (compared to January 2021)* New listings: 3,605 | -11.5% Median sales price: $332,500 | +10.4% Closed sales: 3,020 | -10.4% Pending sales: 3,170 | -11.7% Days on market: 41 | -2.4% Inventory: 4,221 | -24.2% Months’ supply: 0.8 | -20.0% Pricing, pace of sales … Read more
9 Things to Know Before You Refinance Your Mortgage Individual circumstances are more important than current mortgage rates By MICHELE LERNER Updated May 31, 2021 Reviewed by LEA D. URADU Fact checked by KIRSTEN ROHRS SCHMITT Table of Contents 1. Know Your Home’s Equity 2. Know Your Credit Score 3. Know Your Debt-to-Income Ratio 4. … Read more
October 2021 Market Insights Key insights from September 2021 (compared to September 2020)* New listings: 7,238 | -8.6% Median sales price: $341,750 | +10.2% Closed sales: 6,304 | -5.9% Pending sales: 5,590 | -14.4% Days on market: 23 | -37.8% Inventory: 8,306 | -15.6% Months’ supply: 1.5 | -21.1% September market remains historically hot as metrics continue slow swing toward balance The … Read more
Understanding Your Credit Score How is your Score Determined? Payment History 35% of your credit score is determined by your payment history. Simply, if you make your debt payments on time, your credit score may be on the rise. Late debt payments are reported to the credit agencies and can damage your credit. Amounts Owed 30% … Read more
5 Essential Home-Selling Tips You Might Be Ignoring To sell your home, you have a long list of chores to do. Some of these are common sense tasks, like finding an agent and getting the word out that your house is for sale. There are a few more steps that people forget about. So, to … Read more
5 Odd Things That Will Keep Your Home from Selling So, you’ve chosen to put your home on the market. You’ve arranged your first open house, started hunting down a new home, and even made a mental packing checklist. This doesn’t mean you can simply relax and wait for the highest offer. Simply waiting for … Read more
Ways You Can Increase the Price of Your Home When you’re selling your house, there are about a thousand thoughts running through your head. Something that you don’t want to overlook is that the house needs to be in its best shape. When buyers walk in, they pay attention to detail. All the small things … Read more
Housing Demands Remain Strong: U.S. Mortgage Applications for New Homes Increases 7% According to the Builder Application Survey (BAS) for March 2019 released by the Mortgage Bankers Association (MBA), U.S. mortgage applications for new homes has increased by 7% in one year. The price of applications increased by 19% in comparison to February 2019. This … Read more
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