Published on: November 20, 2024 Every business needs financial resources to fuel its operations, expand its reach, and support its growth. These financial requirements can be categorized based on their purpose and duration. Fixed capital is used for long-term investments, such as acquiring machinery or building infrastructure, while working capital meets the short-term needs of … Read more
As I’ve been saying for a while now, all the potential bad news (regarding mortgage rates) has been largely priced in over the past couple of months. And then some! Meanwhile, anything that could be positive for mortgage rates, such as lower inflation and higher unemployment, has been largely ignored. Rates can’t seem to catch … Read more
Lately we’ve been hearing a lot about trigger tracks due to legislation trying to ban them. If you’re not aware, when a lender pulls your credit, the credit bureaus will happily sell your information to competing banks and lenders, letting them know you’re looking for a mortgage. The result is being completely bombarded with phone … Read more
Lately, homeowners have been turning to their equity for their liquidity needs. After all, most already have a very low fixed mortgage rate and don’t want to disrupt it in any way. If they were to go the cash out refinance route, they would lose their old low rate and end up with a much … Read more
The big NAR regulation is expected to be finalized next week, but the changes already took effect in August. They include requiring a written buyer’s agreement before viewing a home and removing multiple listing service (MLS) compensation offers. This initial agreement is also supposed to outline the fee the agent will charge, such as a … Read more
Lately, I’ve heard a lot of people say that mortgage rates are “average” or “normal.” As in, they are neither high nor low. They’re just typical. This is usually in response to someone pointing out that they are much higher than they were just a few years ago. In some ways, this feels like a … Read more
Recently, many people have argued that we will not return to lower mortgage rates. That it is not possible to return to low mortgage rates. The thing is, when they say that, they always think of 3% mortgage rates, maybe 4%. In reality, mortgage rates could fall significantly from current levels while remaining much higher … Read more
If you’ve been home shopping since early 2022, when mortgage rates rose, you’ve probably encountered redemption. Buydown is used to reduce a buyer’s mortgage rate, either temporarily or permanently. This can make the mortgage payment cheaper for the first few years of the loan term, or for the entire 30 years. These buyouts serve as … Read more
Published on: June 12, 2024 Imagine you need to cover an unexpected expense, perhaps a car repair or medical bill. Should you use a personal loan or a credit card? Credit cards and personal loans offer a way to quickly access funds, but they are not one-size-fits-all solutions. Let’s take a look at the difference … Read more
Published on: June 14, 2024 Secured and unsecured loans are two broad categories of loans with one major difference: the need for collateral. For example, when purchasing your dream home, you might consider applying for a loan, but notice that the interest rates on home loans are significantly lower than on personal loans. Why then? … Read more