What income is considered when applying for a mortgage? Home buyers often have multiple income streams. Some have two part-time jobs, a full-time job, and a side hustle, contract work, gig work, or income from investment accounts. Others bring in cash from bonuses, commissions, or government-issued benefits. Fortunately, mortgage lenders are happy to accept most
Mortgage rate forecast for next week (Sept. 26-30) Mortgage rates grew for the fourth week in a row and broke 6% for the first time since 2008. The average 30-year fixed interest rate rose from 5.89% on Sept. 8 to 6.02% on Sept. 15, according to Freddie Mac. With another week of growth, the lending market
Today’s mortgage and refinance rates Average mortgage rates edged modestly higher yesterday, setting another 14-year high. So far this week, we’ve seen three modest rises, one big one and no falls. By approaching 10 a.m. (ET), markets were signaling that mortgage rates today could fall. That would make a welcome change. But, as always, things might
Being a homeowner has its perks and privileges but it also comes with a lot of responsibilities which all involve money. You need to think of repairs, taxes, insurance and maintenance. Not to mention city maintenance and repairs for streets, sewers, curbs and sidewalks near your home. If your house is in the corner of
Your success in the realty market lies in how well you negotiate. But negotiation is a complicated matter. All the parties involved want things to go their way. Given these conditions, how can you make things work for your favor? How does one become a succesful negotiator? Based on experience, these five aspects determine a
When you sell your home, especially at a time when your taxes are due, you could get financial shelter. Thanks to The Taxpayer Relief Act of 1997, the real estate sector can receive what is considered the best tax shelter through their homes. According to the federal tax law, when you sell your home, you
