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Purchasing a home is the most significant financial investment you will ever make. Understandably, you would want to safeguard this investment at all costs. Few things are more frustrating than watching the value of a home you have spent a significant amount of money on gradually decline. Fortunately, maintaining and…continue reading

Most homeowners secure a mortgage to finance their home purchases. When they do this, almost all mortgage companies will include your property tax bill and homeowner’s insurance in the monthly mortgage payment, through what is known as escrow. Although some lenders may allow you to pay both of these bills…continue reading

Condominiums are excellent investments for many reasons. They are ideal for first-time homebuyers looking for an affordable single-family home. They also require far less maintenance than a traditional single-family home and have amenities like gyms and swimming pools. However, while there are advantages to living in a condo, there may…continue reading

Mortgage interest rates have risen sharply in the past few months. At the beginning of 2022, a 30-year fixed rate mortgage was an average of 3.22% and now it has gone above 6.5%. Although this is still historically low compared to 1981 when the average interest rate of a 30-year…continue reading

So you have completed three or more years of university and have finally graduated. Even better, you have landed your first job and now have a regular source of income. Congratulations! Graduating from college and being independent is a rewarding experience. If you are ready to strike out on your…continue reading

Homeownership is one of the most important steps to building wealth in this fast-growing country, but it can seem out of reach for many. Luckily, there is help for certain professions to make their dreams of owning their own home a reality. If you are a pre-kindergarten to 12th-grade teacher…continue reading

Smart homes are becoming increasingly popular because they provide increased security, cost-effectiveness, control, and automation. While converting your home into a "smart home" may appear to be a far-fetched and expensive fantasy, it does not have to be so. There are quite a few simple and inexpensive ways to update…continue reading

You are not alone if you are a homebuyer who wants to back out of a purchase agreement. According to the latest data from Redfin 15% of home purchase agreements were canceled in June. This is an increase from the 11% of agreements that fell through this time last year.…continue reading

Government assistance provided at the start of the coronavirus pandemic triggered an unprecedented housing boom. Mortgage rates were at an all-time low, making homes more affordable. However, the pandemic-era mortgage deal is over. The real estate frenzy has abated and home sales have slowed dramatically in just a few months.…continue reading

Purchasing a home is not an easy task. The buyer and seller must agree to numerous terms, work with many professionals, and sign a large amount of paperwork. The complexities of a home sale can be intimidating, but it also means that there are numerous opportunities for negotiation. The most…continue reading