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Smart Refinancing: Discover Hidden Cost-Saving Tips

Evaluate Cost Savings Determine if refinancing is beneficial by calculating potential monthly savings with a mortgage calculator. Understand Refinancing Fees Recognize various fees involved in refinancing, including origination fees, recording fees, and local taxes

2025 Housing Market Projections

Mortgage Rates to Decrease Slightly Rates may drop as inflation eases and unemployment slightly rises. Home Sales Expected to Increase Both supply and demand are projected to rise, with sales forecasted at 5.4 million homes.

Saving for a Down Payment

Before saving for a home down payment, calculate the amount needed and set a deadline. Automatic deposits can simplify saving, and cutting expenses can increase savings. Down payment assistance programs may offset costs. The down payment influences affordability, interest rate, loan eligibility, and monthly payment. The minimum down payment depends on the loan program, and … Continued

How Much Does It Cost to Sell a House?

Overview of Selling Costs – Commonly 10% to 15% of the home price – Includes both mandatory and optional expenses Taxes and Fees – Property tax: prorated share owed at sale – Real Estate transfer tax may apply based on location – Capital gains tax on profits over $250K (or $500K for couples)

How to get a mortgage interest rate below 6% now

Homebuyers can secure a mortgage interest rate below 6% by following three strategies. First, consider buying mortgage points, which can lower the rate but require an upfront fee. Second, an adjustable-rate mortgage with a 3/1 framework can offer a rate of 5.90% initially. Lastly, boosting your credit score is crucial, as the best rates are … Continued