by lizlaurenb | Jan 8, 2024 | Financial Reports
With the first FOMC minutes of the year, it sets the tone of the potential moves the Federal Reserve will make, with them remaining firm in their current stance of not employing any rate cuts, however given the more recent end of year reports, there is a likelihood...
by lizlaurenb | Jan 5, 2024 | Mortgage
Mortgage prepayment penalties are fees charged by lenders when borrowers pay off their mortgages before the agreed-upon term. These penalties are designed to compensate lenders for potential lost interest income and can significantly impact borrowers who want to pay...
by lizlaurenb | Jan 4, 2024 | Home Care
Es importante estar preparado financieramente para emergencias para que pueda manejar situaciones o gastos inesperados sin tener que preocuparse por su estabilidad financiera. A continuación se muestran algunas formas de prepararse financieramente para emergencias:...
by lizlaurenb | Jan 4, 2024 | Mortgage
Choosing the right mortgage term is a critical decision when purchasing a home. The two most common options are 15-year and 30-year mortgage terms. Let’s compare the advantages and disadvantages of each to help you make an informed decision: 15-Year Mortgage...
by lizlaurenb | Jan 3, 2024 | Home Mortgage Tips
A mortgage escrow account, also known simply as an escrow account, is a financial arrangement set up by a mortgage lender to manage and disburse certain payments related to the property on behalf of the homeowner. The purpose of an escrow account is to ensure that...
