When is my first mortgage payment due?
Your inaugural mortgage payment is generally due on the first of the month, 30 days after you close the deal. You're paying for the previous month, not the current one. After spending so much money to buy the home, this is often a welcome reprieve.
How Do Interest Rates Affect Home Ownership?
Interest rates are much higher now than they were a few years ago. But, they are still much lower than they have been in the past. Mortgage rates really soared during the late 1970s and early 1980s. It was not uncommon for mortgage rates to exceed 15% for a 30-year fixed-rate mortgage. You may be wondering how interest rates can affect your ability to buy a home? There are several ways…
Are Fiduciary Realtors Your Secret to Real Estate Success?
Buying or selling a property may be one of the most significant decisions you'll ever make in life. It's a journey filled with excitement, dreams, and, sometimes, a bit of anxiety. To ensure a seamless experience, you'll want a skilled professional who not only guides you through the process but also acts as a fiduciary—a trusted advocate with your best interests at heart. In this article, I'll explore what it means for real estate agents to be fiduciaries and how this dedication benefits their clients on their quest to find the perfect home.