Election uncertainty causes financial anxiety, influencing 60% of homebuyers' decisions to wait or buy now.Housing markets typically slow down during election years as buyers and sellers hesitate, awaiting results.
Cut Cable Costs: Switching from cable to streaming can save over $2,600 annually. Reduce Subscriptions: Regularly review and cancel unused streaming and subscription services to avoid overspending.
Borrowing through a home equity loan or HELOC can be a cost-effective option in today's high-rate environment, especially as homeowners have an average of $200,000 in tappable equity. To secure the best deal this fall, consider locking in a rate after the Federal Reserve's expected rate cut, compare offers from various lenders, improve your credit … Continued
Check your credit score early; aim for 740+ to secure the lowest mortgage rates.Utilize your bank’s online tools, including affordability calculators and educational resources.
BNPL options are becoming popular for spreading payments on large purchases, including home-related expenses.BNPL loans don't require hard credit checks, making them easy to qualify for.
Fox Money, a personal finance hub, provides insights on credit scores and their impact on mortgage loans. Credit scores, primarily based on payment history, credit utilization, and credit history length, influence loan approval and interest rates. Minimum scores vary by loan type: FHA loans require a score of 500 with a 10% down payment, while … Continued
Updating your kitchen with quartz countertops and smart appliances significantly enhances resale value. Adopting a neutral color palette makes your home more appealing to potential buyers and feels modern.
Idaho is recognized for its low property tax rates and affordability, making it an attractive state for homeowners. Key locations include Blackfoot, with a median home value of $136,700; Burley, known for its recreational activities and a median value of $128,100; Mountain Home, offering a rural setting and a median value of $144,200; Pocatello, with … Continued
Pros of buying in 2024: – Lower interest rates – Price certainty – Early equity building Challenges of buying in 2024 include: – Market volatility – Competition – Financial readiness required
Home prices continued to rise post-pandemic due to low mortgage rates and limited housing inventory. Housing competition has slowed, increasing inventory and giving buyers more leverage in negotiations.