Refinancing your mortgage is something most homeowners consider at least once throughout the lifespan of their home loan. It allows you to pay off your previous loan by applying for a new one that has better financial advantages. While there are many good reasons to refinance, here are five common ones.
Whether you are looking to buy, sell or invest in real estate, it is important to understand market conditions. Real estate is hyper-local, with market dynamics changing from subdivision to subdivision. However, county trends generally give you a good idea of what to expect.
We saw mortgage interest rates drop again in the last 30 days. The recent change will save new borrowers another $3 per month for every $100,000 borrowed. Average U.S. rates for 30-year fixed rate mortgages were at 2.87% as of this week. Last month at this time, they were sitting at 2.93%. Of course, both are historically low.
For the first time since I started tracking local market data by price point every month several years ago, the luxury single family home market is balanced in both Manatee and Sarasota counties. Usually, the higher end of the market tends to favor buyers, with over seven months of available inventory for sale at any point in time.
Home ownership and home maintenance are joined at the hip, so I am sure you are aware that there is plenty of work you should be doing. Sorry to lengthen your list, but I thought you should know that there are actually a few more things that should be on it. Here are some important, but lesser known maintenance activities.