by Alterna Mortgage | Mar 20, 2021 | Home Buying, Housing Market, Inflation, Interest rates, Real Estate, Refinancing
It was another rough week for mortgage markets. Generally, things looked promising Wednesday when the Fed meeting revealed no policy changes. As a result, rates dropped from their peak. The next day, however, rates resumed their rise, and mortgage rates finished the...
by Alterna Mortgage | Mar 7, 2021 | Home Buying, Housing Market, Mortgage Programs, Real Estate
One of the most common reasons people buy homes is for the immediate benefit of stable monthly payments. Once you own a home, you have a steady monthly mortgage payment for years with a fixed-rate mortgage. No more worrying about rental prices continuously going up. ...
by Alterna Mortgage | Feb 16, 2021 | Financing, Home Buying, Real Estate
Owning a home can be a very smart financial decision. The value of your home is likely to increase over time. If you stay in the house long enough (typically at least 5 to 7 years), you could profit when selling your home. Housing prices can shift for various reasons,...
by Alterna Mortgage | Feb 8, 2021 | Home Buying, Investment Properties, Real Estate, Taxes
One of the biggest benefits of owning a home is the tax breaks. Tax breaks are available for single-family homes, townhomes, condos, and manufactured homes. Homeownership tax benefits specifically come in the form of deductions. The most common types of tax deductions...
by Alterna Mortgage | Jan 28, 2021 | Credit, Financing, Interest rates, Real Estate, Refinancing
As we said before, those Christmas credit card bills are starting to roll in. As a result of Christmas 2020, you may find that you have a sizable amount of high-interest credit card or personal loan debt. A cash-out refinance can improve your cash flow situation and...
by Alterna Mortgage | Dec 3, 2020 | Financing, Housing Market, Mortgage Programs, Real Estate
The Federal Housing Finance Agency recently announced a new baseline conforming loan limit for Fannie Mae and Freddie Mac in 2021: $548,250. This means that you can now borrow an additional $38,150. This can get you a house with more square footage, more land, better...
Recent Comments