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Investment Property Down Payments: How Much Will You Need?

February 6, 2020 by Kay Monigold

Investing in real estate is a great way for someone to diversify his or her assets; however, there is a common hurdle that almost all real estate investors face. This comes in the form of a down payment.

Filed Under: Mortgage Tagged With: Down Payment, Investment Property, Mortgage

Green Energy Tax Credits For Home Improvement & Energy Efficiency

February 5, 2020 by Kay Monigold

Many individuals and families are looking for ways to reduce their energy consumption. Running the heater during the winter and the air conditioner during the summer can have significant impacts on someone's energy consumption and costs. It should come as no surprise that many people are trying to reduce their HVAC usage to save money; however, there is a better way.

Filed Under: Mortgage Tagged With: Green Living, Market Trends, Mortgage

4 Things To Do Before Co-Signing A Mortgage For Your Child

February 4, 2020 by Kay Monigold

It can be hard to convince a lender that a young person is ready to buy a house. There may not be a long credit history, a lack of assets might make it hard to fund a down payment, and the buyer's age can cause banks to hesitate. One of the ways for parents to help with this process is to co-sign on the mortgage. Before doing this, there are a few important steps to keep in mind.

Filed Under: Mortgage Tagged With: Co-Sign, Financing Options, Mortgage

What’s Ahead For Mortgage Rates This Week -February 3rd, 2020

February 3, 2020 by Kay Monigold

Last week's economic reports included readings on home prices, new and pending home sales and a statement from the Federal Reserve's Federal Open Market Committee. The University of Michigan issued its monthly statement on consumer sentiment and weekly reports on mortgage rates and first-time jobless claims were also released.

Filed Under: Financial Reports Tagged With: Financial Reports, Interest Rates, Mortgage Rates

FOMC Statement: Key Fed Rate Unchanged; Policymakers Monitor Impact of Asian Flu Outbreak

January 31, 2020 by Kay Monigold

The Federal Open Market Committee of the Federal Reserve issued its scheduled post-meeting statement Wednesday. Policymakers unanimously decided to leave the target federal funds rate range unchanged at 1.50 to 1.75 percent.

Filed Under: Market Outlook Tagged With: FOMC, Market Conditions, Market Outlook

The Average Mortgage Payment Is Declining. Here’s Why.

January 30, 2020 by Kay Monigold

According to a report that was recently published by the United States Census Bureau, the average mortgage payment has been dropping. According to the bureau, the average payment is just over $1,500 per month. This is shockingly close to the average cost of renting, which is just under $1,500 per month.

Filed Under: Mortgage Tagged With: Market Trends, Mortgage, Mortgage Rates

Case-Shiller Reports Growth In Home Prices In November

January 29, 2020 by Kay Monigold

Case-Shiller Home Price Indices reported that national growth of home prices rose by 0.30 percent in November. Analysts said that slim inventories of available homes boosted home prices. Whether or not home price growth continues gaining speed depends on variables including supplies of homes for sale, affordability and home-buyer confidence in the economy.

Filed Under: Market Outlook Tagged With: Case Shiller, Market Conditions, Market Trends

Eight Signs You’re Ready To Stop Renting And Buy A Home

January 28, 2020 by Kay Monigold

For many people, owning a home is seen as a rite of passage. At the same time, purchasing a home is expensive. As a result, many people end up renting for an extended period of time.

Filed Under: Real Estate Tagged With: Market Trends, New Home, Real Estate

What’s Ahead For Mortgage Rates This Week – January 27th, 2020

January 27, 2020 by Kay Monigold

Last week's economic reporting was slim due to the observance of the Martin Luther King Jr. holiday. The National Association of Realtors(R) reported on sales of previously owned homes and the Veterans Administration announced changes to its home loan programs. Weekly reports on mortgage rates and initial unemployment claims were also released.

Filed Under: Financial Reports Tagged With: Financial Reports, Mortgage Rates, Veteran's Loans

The Secrets Of Selling Real Estate

January 24, 2020 by Kay Monigold

When it comes to selling a home, there is a lot to think about. While most people know that the best time to list a home is in the Spring (due to the fervor of the summer), the real estate market keeps rumbling along no matter what time of year it is.

Filed Under: Real Estate Tagged With: House Listing, Real Estate, Selling Tips

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Our Team

Kay MonigoldKay Monigold
Owner/Mortgage Broker/Residential Mortgage Loan Originator
NMLS#1086176

Steven LoweSteven P Lowe, Sr
Residential Mortgage Loan Originator
NMLS #1085638

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