The gig economy refers to a departure from the traditional employer-employee relationship in which flexible or temporary jobs are the norm like freelance or contract work. The growing number of gig economy workers or self-employed have the benefit of working flexible schedules and sometimes work from wherever they want. However,…continue reading

Purchasing your first home is an exciting experience. But the process may seem stressful when you do not recognize the many acronyms and real estate specific terminology used by the real estate agent, loan officer, and in your mortgage documents. Therefore, it is crucial that you learn the basic real…continue reading

Your home is one of your biggest investments and so it is crucial that you take good care of it. Benjamin Franklin said, “An ounce of prevention is worth a pound of care”. This adage is especially true when it applies to home maintenance tasks. There are many preventative actions…continue reading

The idea of updating your home to fit your style and increase the value over the long-term is one of the most attractive things about owning a home. These renovations might take some time to get going, especially if you do not have the cash on hand. So, if you…continue reading

Since the COVID-19 pandemic hit the US markets in March, the mortgage rates have dropped to record lows. According to data from Freddie Mac the 30-year rate mortgage decreased to 3.03% and a 15-year mortgage to 2.51% last week. These are the lowest in Freddie’s survey which dates back to…continue reading

The common objective for many people is to pay off their mortgage as fast as possible. This is based on two fundamental reasons. First, they want to save money on the amount of interest they are paying and, secondly, they wish to eliminate the mortgage so that they own the…continue reading

When you are buying your first home you most probably will be thinking about the down payment and the mortgage interest rate. But, it will be a mistake if you forget to take into account the closing costs associated with closing a home. In a time where unemployment is high…continue reading

Are you planning to buy a house soon? If you do, then knowing your debt to income ratio is as important as knowing your credit score and your credit history because it plays a vital role and can come in the way of you being able to qualify for a…continue reading

Buying a home with cash is no doubt the best option. But, many people do not have so much hard cash lying around that is why mortgage loans are a crucial part of the home buying process. As you prepare to purchase a home with a mortgage loan, you will…continue reading

Congratulations! The seller has accepted your offer and you are ready to move into your dream home. But, before you sign on the dotted line, it is imperative that you have a professional home inspection done within a week to 17 days after your purchase offer has been accepted. Here…continue reading