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Home equity is one of the most important concepts to grasp when buying a new home, and one of the fundamental pluses of home ownership: Unlike a home you rent, a home you buy can actually pay you back.
How is that? Well, the reason for that is home equity, and we’re here to explain what it’s all about!
A new home is often the most expensive purchase you’ll ever make – Mortgage points could help you save money by lowering your mortgage interest rate.
When mortgage interest rates are rising, the decision to buy a new home can be tricky, but you may not need to put your dream on hold. Find out how a mortgage rate lock could help you secure a rate and provide protection against the significant impact rising mortgage rates can have on your ability to buy or afford a home.
You don’t have to delay that next chapter in your life or put off buying a home, there are options out there to help you adapt your home loan and ensure you get your ideal mortgage.
So, what exactly are closing costs? At their most basic level, they’re a bundle of fees that are due on the day a property sale closes – basically any expense other than the down payment. Closing costs can be paid by the buyer, seller, or both, and legally must be disclosed and agreed on in advance before the purchase can be completed.
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