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How an Expert Can Help You Understand Inflation & Mortgage Rates
For Buyers For Sellers Housing Market Updates Interest Rates

How an Expert Can Help You Understand Inflation & Mortgage Rates

If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates....
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The True Strength of Homeowners Today
For Buyers For Sellers Housing Market Updates

The True Strength of Homeowners Today

The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past...
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Decluttering Tips That Really Work

Decluttering and organizing are rarely easy. They are not high on most people’s agendas. But if you can’t find the...
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Fall Home Selling Checklist [INFOGRAPHIC]
For Sellers Infographics Move-Up Buyers

Fall Home Selling Checklist [INFOGRAPHIC]

Some Highlights When it comes to selling your house, you want it to look its best inside and out so...
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Travel Tips for Aging Travelers

After more than two years of pandemic-induced restriction, we have only to note the crowds at most airports to know...
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What Experts Say Will Happen with Home Prices Next Year
For Buyers For Sellers Housing Market Updates Pricing

What Experts Say Will Happen with Home Prices Next Year

Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain...
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Looking 5 Years Ahead: A Pre-Retirement Checklist

Retirement is an exciting life transition—so much so, that you may already be dreaming of all the things you will...
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Top Reasons Homeowners Are Selling Their Houses Right Now
For Sellers Interest Rates Move-Up Buyers

Top Reasons Homeowners Are Selling Their Houses Right Now

Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want...
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FOR TODAY’S BUYERS, STORAGE IS DECOR

FOR TODAY’S BUYERS, STORAGE IS DECORPop culture is driving a need for pretty storage. Here’s what home buyers are asking...
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Watching the Stock Market? Check the Value of Your Home for Good News.
For Buyers For Sellers Housing Market Updates

Watching the Stock Market? Check the Value of Your Home for Good News.

While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should...
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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.
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