Home loan

New home mortgage volume drops to 13-month low in June

Buying a new house volume of applications dropped every month in the second quarter, as construction costs and low inventories took loan amounts to an all-time high. June applications fell 3% from May and 23.8% year-over-year, according to the Mortgage Bankers Association’s Homebuilder Apps Survey. The seasonally adjusted annual estimate …

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What buyers should know

To qualify for a mortgage, you usually need to meet certain conditions. On the one hand, you will need: A sufficiently strong credit rating A reasonable and not excessive level of existing debt A stable job Funds for a down payment Many mortgage lenders have tightened their borrowing requirements during …

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How home hacking cuts your living expenses

Home hacking strategy in 7 steps Want to reap the benefits of home hacking? Here are the steps you will need to take to implement this strategy in your own life. 1. Choose the type of opportunity Home hacking comes in all shapes and sizes – there is no one-size-fits-all …

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