Home equity, what to know if you’re tempted to borrow from that

Your home is your greatest investment, and with record increases in home prices, it results in pushing up the amount of equity you have in your home. Homes have skyrocketed within the last few years, but what does that mean to someone who doesn't plan on selling? Have you just sat there and wondered what that means to you, someone who knows that their home has gone up in value, but doesn’t know what to do with that information? After all, if you don’t plan on selling, what does it matter to you if homes have gone up in value? That’s a valid point. However, there is something called home equity. In fact, a lot of homeowners don’t know or even consider it. But, according to CNBC an…

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 Some budgeting tips for new homeowners

In a market like this, with wildly competitive open houses, sky-high prices, and ever-escalating offers: there is a terrible lot to contend with when finding a new place to live. House hunting is fraught with frustration and challenges. Real estate is a lot like falling in love. Sure, sometimes it just happens at first sight, but most of the time it takes patience, understanding, and a lot of work. But there’s also no other process that deserves your time and attention, like discovering a new place to call your own. So, if you have just recently become a homeowner for the first time: I would like to congratulate you!

The last thing a home buyer wants is to be caught off guard. For one reason or…

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Mortgage rates keep surging, but would it be wise to buy?

The market has made it challenging for home buyers, who have to balance little inventory and a lot of competition.

According to a (past report in March 2021) from Zillow, it might make sense for buyers to act now — even in a competitive market. It could save people hundreds on their monthly mortgage payments if they move quickly, the report found, as experts predict home values and interest rates will rise.

“The best time to buy a home should always be when it’s the right time for you and/or your family. However, home shoppers would be wise to gather as much information as possible and use it to make smart decisions that maximize their buying power,” Zillow Home Trends Expert Amanda…

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