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The Difference Between A Home Equity Loan Versus A HELOC

August 1, 2023 Katrina Moyer Mortgage Comments Off

When homeowners need to tap into the equity they’ve built in their homes, two popular options are Home Equity Loans (HEL) and Home Equity Lines of Credit (HELOC). Both types of loans allow homeowners to access funds for various purposes, such as home improvements, debt consolidation, or unexpected expenses. However, it’s essential to understand the differences between these two mortgage products to make an informed decision that aligns with your specific needs and financial goals. Here are some important differences between the two.

What’s Ahead For Mortgage Rates This Week – July 31, 2023

July 31, 2023 Katrina Moyer Financial Reports Comments Off

The Federal Reserve raised its target interest rate range to 5.25 to 5.50 percent; this announcement signaled that rates for home loans and unsecured credit would also rise.

Quick and Simple Home Improvements: Transform Your Space with Ease

July 28, 2023 Katrina Moyer Homeowner Tips No comments yet

When it comes to home improvements, you might envision lengthy renovation projects or a significant investment of time and money. […]

Selling a House “As-Is”: Pros, Cons, and Considerations

July 26, 2023 Katrina Moyer Selling Your Home Comments Off

Selling a house as-is can be a viable option for homeowners looking for convenience and cost savings. However, it’s crucial to carefully consider the potential drawbacks, such as a lower sale price and limited buyer pool. Assessing the property’s condition, seeking professional advice, and evaluating the financial implications are essential steps in deciding whether selling a house as-is is the right choice for you.

Financial Considerations When Buying a Home

July 25, 2023 Katrina Moyer Mortgage Comments Off

Purchasing a home is one of the most significant financial decisions many individuals make in their lifetime. It involves a substantial investment of money and requires careful consideration to ensure long-term financial stability.

What is a Home Warranty?

July 21, 2023 Katrina Moyer Home Buyer Tips Comments Off

Home warranties are purchased by homeowners to protect against unexpected expenses for repairs or replacements that may occur due to normal wear and tear.

Critical Tips To Consider When Hiring A Home Contractor

July 20, 2023 Katrina Moyer Mortgage Tips Comments Off

Do thorough research on potential contractors before hiring them. Check their credentials, licenses, certifications, and experience. Also, look for reviews and testimonials from past clients to get an idea of their work quality.

Why You Should Consider a Home Energy Audit

July 19, 2023 Katrina Moyer Around The Home Comments Off

In today’s environmentally conscious world, finding ways to save on energy costs has become increasingly important. One effective method to achieve both goals is by conducting a home energy audit. A home energy audit is a comprehensive assessment of your home’s energy efficiency and helps identify areas where energy is being wasted.

Understanding Assumable Mortgage Loans

July 18, 2023 Katrina Moyer Home Mortgage Comments Off

An assumable mortgage loan is a type of home loan agreement that allows a homebuyer to assume the existing mortgage of the seller when purchasing a property. In other words, the buyer takes over the seller’s mortgage terms and conditions, including the interest rate, repayment schedule, and remaining balance.

What’s Ahead For Mortgage Rates This Week – July 17, 2023

July 17, 2023 Katrina Moyer Financial Reports Comments Off

The Consumer Price Index for June rose 0.20 percent in June as compared to May’s reading of 0.10 percent growth and expectations of 0.30 percent month-to-month growth. The core CPI reading, which excludes volatile food and fuel sectors, fell to 0.20 percent growth in June as compared to May’s month-to-month reading of 0.40 percent growth.