24hr Mortgage

20 Jul 2020

What’s Ahead For Mortgage Rates This Week – July 20, 2020

Financial ReportsFinancial Report, Housing Market, Mortgage Rates

Last week’s economic reports included readings from the National Association of Home Builders on housing markets along with Commerce Department data on housing starts and building permits issued. Weekly reports on mortgage rates and unemployment claims were also released. NAHB: Builder Confidence in Housing Markets Increases in July Homebuilders gained confidence in housing market conditions as home buyers sought homes in less-congested suburban areas. Builder confidence rose 14 points to an index reading of 72 in July. NAHB Chair Chuck Fowke said, “Builders are seeing strong traffic and lots of interest in new construction as existing home inventory remains lean.”…

17 Jul 2020

By 24hr Mortgage

Get Your Finances In Order With A Few Simple Steps

MortgageDown Payment, Finance's, Mortgage Tips

If you are looking to buy a home one day but don’t think you are ready just yet, you are not alone. One of the most important tasks that you have to complete involves getting your finances in order. There are a few ways to get your finances in order before you buy, no matter how long you have been waiting to buy a home. Getting your finances in order with these simple steps can help you become a more competitive applicant both for a mortgage and a home that is on the market. Focus On Your Credit Score While…

16 Jul 2020

By 24hr Mortgage

Three Key Tips for Assessing Value To Find Out How Much Your Home Worth in Today’s Market

Mortgage TipsHome Sales, Home Valuation, Selling a Home

If you're thinking about putting the house on the market, or are simply curious about its value in the current economic atmosphere, it's essential to get an honest assessment of its value. An overly inflated figure won't hold up and will only turn potential buyers away. It's best to get a fair assessment in order to ask a reasonable price or avoid over-extending oneself when it comes to taking out a home equity loan. Consider these three key tips to get a true assessment of a home's value. Identify Positive Features About The Home And Property When seeking an appraisal…

15 Jul 2020

By 24hr Mortgage

Considering a Major Home Addition? Why a Detached Garage Can Drastically Improve Your Resale Price

Mortgage TipsHome Sales, Home Valuation, Selling a Home

Before you make a major structural change to your property, it is important to consider how this will affect your resale value. While there are many steps that you can take to improve your property, the addition of a detached garage may be beneficial to you and may drastically improve your resale price when you are ready to sell. You can contact a trusted real estate agent today to obtain customized information about how the addition of a detached garage may affect your property's value. Adding Square Footage to Your Home As a property owner, you may be well aware…

14 Jul 2020

By 24hr Mortgage

4 Ways To Choose The Right Home Service Professional

Mortagage TipsMortgage, Service Professional, Work Permit

As a homeowner, there are numerous situations in which someone might need a home service professional. On the other hand, this can also create a sense of vulnerability because people might not know who to choose. In order to find the right home service professional, there are a few tips that people need to follow. Confirm Credentials Credentials and experience are great markers of a home service professional’s training and track record; however, it is still important to confirm these credentials. Be sure to ask the contractor for references regarding his or her prior work. Then, take the time to…

13 Jul 2020

By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week – July 13, 2020

Financial ReportsEconomic News, Financial Report, Jobless Claims

Last week’s scheduled economic news included readings on consumer credit, job openings, jobless claims, and mortgage rates. Consumer Borrowing Declined at Slower Pace in May According to Federal Reserve data, consumer borrowing fell at a slower annual pace of -5.30 percent in May as compared to April’s reading of -20 percent. Non-revolving consumer credit, which includes vehicle and student loans, increased by 2.30 percent in May. The Federal Reserve does not report on real estate loans. Federal assistance programs including the first round of stimulus checks, additional unemployment payments and support for businesses contributed to better readings for the economy…