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28 Apr 2020
By 24hr Mortgage

The ‘Golden Girls’ Strategy? Elderly Adults Share Home Ownership

Real Estate, ,
The "Golden Girls" trend got its name from the popular television sitcom about four elderly women who live together to share expenses. It is becoming a popular way in real life for elderly adults to share homeownership and it has many benefits. The cost of assisted living is quite high. The median cost in the United States for assisted living is $4,051 per month. In many parts of America, that amount makes a substantial mortgage payment. Rather than pay that high price to live in an adult assisted-living community, many able-bodied elderly are choosing to pool their resources and live…
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27 Apr 2020
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week – April 27th, 2020

Financial Reports, ,
Last week’s scheduled economic news included readings on sales of new and previously-owned homes and consumer confidence. Weekly readings on mortgage rates and new jobless claims were also released. COVID-19 Requirements Impact Home Sales Widespread state and local requirements for sheltering at home negatively impacted home sales in March. New homes sold at an annual pace of 627,000 sales as compared to 741,000 sales reported in February. Analysts estimated 628,000 sales for March according to the Commerce Department. The National Association of Realtors® reported lower sales of previously-owned homes in March with an annual pace of 5.27 million sales. February’s…
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24 Apr 2020
By 24hr Mortgage

First-Time Buyers’ Guide: How To Get A Mortgage And Buy A House

Mortgage
When you are in the process of buying a home, there are a lot of moving parts that need to work together. It can be hard for you to keep track of everything that has to happen, particularly if you are going through this process for the first time. With this in mind, there are a few basics that you should remember when you are looking for a home loan. Work With A Professional  It is critical for you to work with a real estate agent who can act as a guide during this process. A real estate agent has…
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24 Apr 2020
By 24hr Mortgage

How Does A Home Appraisal Work?

Mortgage, ,
Whether you're a buyer or a seller, a home appraisal is a critical component of the home selling process. An appraisal is also required in situations where a home is gifted to a family member, so it's important to have a clear understanding of what it entails.  What Is A Home Appraisal? A home appraisal is an unbiased estimate of a home's fair market value conducted by a professional appraiser. All 50 states require that appraisers be licensed and/or certified and demonstrate knowledge of the specified area. The purpose of a home appraisal is to determine whether the home's asking…
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23 Apr 2020
By 24hr Mortgage

Staying Social While Distancing

Mortgage, ,
For many months, the COVID-19 (Corona-virus) pandemic appeared to be a problem that only existed in foreign lands. Now, this virus has arrived on the shores of the United States and has disrupted jobs, hospitals, and lives. People are being asked to practice social distancing measures to curtail the spread of the virus while some parts of the country are being asked to stay home entirely. The good news is that there are still ways for people to remain social while being safe.  Get Outside Safely One of the first tips that people need to remember is that they are…
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22 Apr 2020
By 24hr Mortgage

Disruptive Technology And The Real Estate Market

Real Estate, ,
Recent advancements in technology continue to disrupt the real estate market. This includes the use of "Big Data" for data mining, artificial intelligence combined with machine learning, augmented and virtual reality, use of drones, blockchain technology, and the ongoing deployment of 5G. The Use Of Big Data Consumers have access to more information about real estate market conditions because of the collection and online presentation of the results of data mining "Big Data." For example, it is easy to learn if a market is a buyer's or a seller's market by searching for the median number of days a house…
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