In the realm of home financing, one of the pivotal decisions prospective homeowners face is whether to opt for an adjustable-rate mortgage (ARM) or a fixed-rate mortgage (FRM). Both options come with distinct advantages and drawbacks, and understanding them thoroughly is crucial for making an informed choice that aligns with your financial goals and circumstances. Let’s […]
Continue ReadingTag: Housing
What Is A Housing Counseling Session And How Can It Help You?
One of the major decisions to make in your life is the choice of housing. Should you rent or buy? This is a long-term commitment, and it comes with lots of responsibilities. You must avoid making costly mistakes on matters that are concerned with housing, and you must be keen to realize optimal outcomes. This […]
Continue ReadingNew Survey Reveals Top Barriers To Homeownership
The 2019 Consumer Financial Literacy Survey reveals the most significant obstacles faced by prospective homeowners, underscoring the need for homebuyer counseling and education. As Financial Literacy Month is recognized throughout the nation in April, Advantage Credit Counseling Service and the National Foundation for Credit Counseling® (NFCC®) are working together to spotlight the results of the […]
Continue ReadingIt’s All About Property Taxes And Reassessment
As many as 60 percent of properties across the country are over-assessed, according to the National Taxpayers Union, a nonprofit group that promotes lower taxes. Many people don’t fully understand what a reassessment is and what it could mean for your property taxes. What is a reassessment? – Let’s start with the definition of Reassessment […]
Continue ReadingForeclosure Prevention
Owning a home or condo can be a rewarding experience in the life of many people. While home ownership can be an emotionally rewarding experience for an individual or family, it can sometimes be difficult to manage some of the financial matters associated with home ownership. Since many people use mortgages to purchase a new […]
Continue Reading