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Avoiding Becoming House Poor: A Path to Financial Security and Balance

by lizlaurenb | Aug 16, 2023 | Mortgage Tips

As the housing market continues to evolve, it becomes increasingly crucial for aspiring homeowners to tread carefully and avoid falling into the trap of being house poor. The dream of owning a home should not come at the expense of financial stability and overall...

What’s Ahead For Mortgage Rates This Week – August 14, 2023

by lizlaurenb | Aug 14, 2023 | Financial Reports

Last week’s economic reporting included readings on inflation, consumer sentiment, and weekly readings on mortgage rates and jobless claims. Inflation Rate Holds Steady in July Month-to-month inflation rose at a pace of 0.20 percent in July and met...

Disputing Your Property Tax Assessment Can Save You Money

by lizlaurenb | Aug 10, 2023 | Mortgage

Property taxes can be a substantial financial burden for homeowners and property owners. Each year, local governments assess the value of properties to determine the amount of property tax owed. However, these assessments are not always accurate and can result in...

Why Is My Mortgage Escrow Account Sending Me a Check?

by lizlaurenb | Aug 9, 2023 | Mortgage

If you’re a homeowner with a mortgage, you may be familiar with the concept of an escrow account. This financial tool is designed to simplify the management of property-related expenses by combining certain costs, such as property taxes and insurance, into one...

Understanding the Distinction Between Mortgage Interest Rates and APR

by lizlaurenb | Aug 8, 2023 | Mortgage Rates

When it comes to securing a mortgage, borrowers are often confronted with various terms and figures that may seem confusing at first glance. Two key components that play a significant role in determining the cost of a mortgage are the interest rate and the APR (Annual...
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International Bankers Group | NMLS# 339877

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