What Are My Closing Costs When Buying a Home?

When buying a home, there are many costs associated with the purchase beyond the earnest money deposit, the remaining down payment, and mortgage payments. One of these costs is called “closing costs,” which can add up to several thousand dollars. Understanding what closing costs are and how they wor

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The Rise in Popularity of Home Equity Lines of Credit (HELOCs)

The Rise in Popularity of Home Equity Lines of Credit The real estate market has been in a state of flux over the past few years, and with the current state of the economy, homeowners who do not want to sell their homes are looking for ways to improve their properties without having to refinance the

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Mortgage Delinquencies Fall Despite Interest Rate Increases

Mortgage delinquency rates in the United States are showing a promising trend, with the national delinquency rate decreasing on a year-over-year basis while interest rates are on the rise. According to recent data*, the delinquency rate declined 10 basis points (bps) in January 2023 to 3.38%, markin

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