MY BLOG

4 Key Tips for Selling Your House This Spring
For Sellers Housing Market Updates Selling Myths

4 Key Tips for Selling Your House This Spring

Spring has arrived, and that means more and more people are getting their homes ready to sell. But with recent...
Read More
How Homeownership Is Life Changing for Many Women
Demographics First Time Home Buyers For Buyers

How Homeownership Is Life Changing for Many Women

Throughout Women’s History Month, we reflect on the impact women have in our lives, and that includes impact on the...
Read More
Get Ready: The Best Time To List Your House Is Almost Here
For Sellers Selling Myths

Get Ready: The Best Time To List Your House Is Almost Here

If you’re thinking about selling this spring, it’s time to get moving – the best week to list your house...
Read More
Have You Thought About Why You Might Want To Sell Your House? [INFOGRAPHIC]
For Sellers Infographics

Have You Thought About Why You Might Want To Sell Your House? [INFOGRAPHIC]

Read More
Why Buying a Home Is a Sound Decision
First Time Home Buyers For Buyers Move-Up Buyers Pricing

Why Buying a Home Is a Sound Decision

If you’re thinking about buying a home, you want to know the decision will be a good one. And for...
Read More
Uncategorized

Moving to a New State? Here’s What You Need to Know!

Thanks to Melanie Nelson of DisasterPrepared.Info for today's guest post! There is some very good information in here. Image via...
Read More
Reasons To Consider Condos in Your Home Search
First Time Home Buyers For Buyers Rent vs. Buy

Reasons To Consider Condos in Your Home Search

Are you having trouble finding a home that fits your needs and your budget? If so, you should know there’s...
Read More
The Role of Access in Selling Your House
For Sellers Housing Market Updates Selling Myths

The Role of Access in Selling Your House

Once you’ve made the decision to sell your house and have hired a real estate agent to help, they’ll ask...
Read More
What’s Ahead for Home Prices in 2023
First Time Home Buyers For Buyers Housing Market Updates Move-Up Buyers Rent vs. Buy

What’s Ahead for Home Prices in 2023

Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop...
Read More
Here’s Why the Housing Market Isn’t Going To Crash [INFOGRAPHIC]
For Sellers Foreclosures Housing Market Updates Infographics Pricing

Here’s Why the Housing Market Isn’t Going To Crash [INFOGRAPHIC]

Read More

Although interest rates are predicted to rise in 2022, the mortgage market has already seen major fluctuations. So, if you’re watching the rates with refinancing in mind — either to lower your payments or tap into your home’s equity — here are some things to consider.
A rate/term refinance can lower your loan’s rate, change its term, or both. For example, if your income’s increased over the past years, you can apply to refinance to a shorter loan term. This provides major savings by lowering your loan’s total interest.
In addition to shortening your loan’s term, if you prefer to keep more of your take-home, you may be able to refinance to a longer term.
Thinking of tapping into your home’s equity with a cash-out refinance? Ask me to compare your refinance costs with a home equity line of credit (HELOC). Both are smart options for financing anything from a major remodel to a new vehicle, as they can save you money with their lower interest rates.1

Thank you to Mark Sanders, Prosperity Home Mortgage, for this guest blog post. You may contact him at 609-707-4756.

It never hurts to shop around for a better deal…including homeowners’ insurance. Even if you “bundled” your homeowners’ and auto insurance with one insurer in exchange for a discount, there are other ways to lower your premiums.

Bump up your security. Adding a monitored alarm system, high-tech locks, or a combined fire alarm/sprinkler system can earn you a 5% to 20% discount while providing an extra bonus: additional peace of mind.
Check out lesser-known discounts. If you work as a teacher, firefighter, or engineer, you may qualify for a lower rate. If you don’t have any smokers in your household, you may also save.
Get credit for home improvements. If you’ve recently installed storm shutters, tough roofing, or replaced your plumbing or electrical systems, any or all of these could increase your savings.2

 

Thank you to Mark Sanders, Prosperity Home Mortgage, for this guest blog post. You may contact him at 609-707-4756.

The Federal Reserve raised interest rates by .25% last month, with more rate hikes to follow. While higher rates contribute to higher prices, they also battle inflation by lowering consumer demand and slowing economic growth (think of rate hikes as bad-tasting but effective medicine).
This inflation-fighting strategy may create a “good news, bad news” scenario for this year’s home buyers. While higher rates will push home prices higher, they’re also expected to help cool hotter real estate markets and eventually increase inventory. However, it may take some time for this to happen.
Rate hikes won’t just affect mortgages. Other types of loans, including consumer credit, may also become more expensive. Since economists are predicting rate hikes up to 2.8% by the end of the year, you may want to plan your winter holiday shopping in advance.3

 

Thank you to Mark Sanders, Prosperity Home Mortgage, for this guest blog post. You may contact him at 609-707-4756.
Find Your Dream Home
Price
Beds
Baths
Save Search
Get In Touch!
MY BLOG - Central New Jersey Real Estate