While strolling through your neighborhood (or scrolling through online listings), you might see signs on homes that read “pending” or “contingent.” When a home you’ve been eyeing finds itself in either status, you may wonder if it’s now too late to buy. The two concepts can stir up a lot of confusion: What exactly do […]
Make Sense of a Wild Week
May 6, 2022. Mortgage rates change quickly – and last week was no exception. Read what happened with the market, along with key takeaways from Wednesday’s Fed meeting and what it could mean for you in the long run.
Financial Literacy Resource Roundup
Achieving financial literacy is an important goal for anyone who wants to take control of their finances and put themselves on a path to long-term financial wellness. And, it’s especially so for homebuyers in today’s market. “As rates have risen and inventory continues to be low, it’s important to consider your long-term financial goals and […]
What Is a Condo? Everything You Need to Know Before You Buy
You’ve heard the word “condo” or “condominium” before – but what is a condo, exactly? How is a condo different from an apartment? And, what’s the difference between a condo and a townhouse? There are often some misconceptions about what constitutes this type of housing unit. With so many different (but similar) types of homes, […]
How to Avoid PMI (Private Mortgage Insurance)
If you’re shopping for a mortgage, you may have already identified a few things you have to budget for, such as a down payment and closing costs. But if you opt for a conventional mortgage – mortgage loans not backed by a government entity – you might also need to budget for a less well-known […]
What Is a Townhouse and Is It Right for Me?
What do you think of when you hear the word “home?” Maybe you’re picturing a location, with a community and a neighborhood. Or maybe it’s a plot of land or a physical structure. But no matter what image comes to mind, “home” is an important place in your life – and you want to find […]