Home Equity

Thanks to the recent housing market boom, the property value of most homes has increased. According to a recent National Association of Realtors report, home prices have soared about 30% since 2019. “As a result,” the report says, “a typical home is about $80,000 more expensive than pre-pandemic.” That means most owners have seen the […]

Average closing costs of a mortgage are anywhere from 2-to-6% of the total loan amount. A no-closing-cost mortgage refinance rolls those costs into the overall mortgage amount, or trades them for higher interest rates. No-closing-cost refinances almost always cost you more money in the long run, but can be a good short-term solution when money […]

If you’ve ever borrowed money to buy a home (aka obtained a mortgage), you’re probably familiar with home appraisals. Most lenders will require an official home appraisal before they fork over the money. They just need the approval of a professional that the house is worth as much as you’re trying to pay for it. […]

If you’re a first-time homebuyer, you may be asking yourself, “Hey, what is title insurance, anyway?” Once you decide to take the plunge into homeownership, it can feel like there are never-ending administrative processing fees and insurance plans that factor into the process. When you’re already spending so much money, it’s natural to feel frustrated. […]