Home ownership may be closer than you think. There’s a lot of myths about down payments. So, to set the record straight, here are four facts to consider when looking for a home.
We all want the perfect home that reflects our tastes, sensibilities, and unique styles. But sometimes, it doesn’t exist. At least not yet. If you’re thinking about building, follow these five tips to make the construction financing process…well, less of a process.
You’ve had plenty of time to sit and stare at the interior of your house over the past few months. But you haven’t let the lack of sunshine stop you from daydreaming about a new backsplash, wood floor, or a bathroom vanity. And now that you’re done hibernating, LMCU’s MaxEquitySMcan help turn your winter cave into your spring castle.
The sun is shining. The birds are singing. And winter is long gone…sort of. Winter weather can cause significant damage to your home that lingers long after the snow has melted. Here’s a helpful list of where to look and what to check for from the Department of Housing and Urban Development.
Which option is right for you—Line of Credit or Fixed Loan?
Home Equity Line of Credit (HELOC)
Just like a credit card, you can buy the things you need now and pay off your balance over time— borrowing against the value of your home. As you repay your balance, the funds become available again.
Tis’ the season for home shows featuring the latest in design trends for your home throughout Michigan and Florida. Couple that with the average homeowner seeing an increase of $12,400*** in 2018 in their home’s value, and it makes for a perfect recipe to get that dream kitchen you’ve been waiting for.
Welcome to 2019!
This month’s newsletter is packed with helpful advice on how to improve your finances both now and down the road. Just a few simple changes can be the key to making 2019 your best financial year ever.
Sure, you’d be fine with new socks and a gift card. But here are five reasons why December is the ideal time to purchase your next home.
1. You hold the cards.
Nobody wants to think about moving when there’s pie to eat and stockings to stuff. So, anyone who’s selling probably needs to do it fast. And their need for speed could work to your advantage when negotiating.
For the past decade, borrowers have enjoyed historically low mortgage rates. So why are rates suddenly on the rise?
A strong economy tends to force mortgage rates up because of inflationary fears. Rising inflation causes fixed-income investments, such as bonds, to lose value. And that causes their yields to rise. Mortgage rates usually follow long-term bond yields. When yields go up, home loan rates tend to go up, as well.
Build it instead.
We all want a home that reflects our tastes, sensibilities and unique styles. But sometimes, it doesn’t exist. At least, not yet. Here’s a quick guide to building your dream home.
