• Pros and Cons of a 15 Year Mortgage
  • How to Set Up Automatic Recurring Mortgage Payments
  • Freddie Mac Projects Rising Rates
  • Comparing the Cost of Homeownership vs Renting
  • Home Prices Are Rising
RW8 - How to Prepare Your Home Before Putting It Up for Sale

How to Prepare Your Home Before Putting It Up for Sale

Planning to move? Preparing your home with staging techniques may result in less time on the market and an increased sale price.  According to the National Association of Realtors® 2017 Profile of Home Staging, 62% of sellers’ agents say that staging a home decreases the amount of time a home spends on the market. In addition, 49% of buyers’ agents say that staging a home increases its dollar value. Here…

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Freddie Mac Projects Rising Rates 1024x537 - Freddie Mac Projects Rising Rates

Freddie Mac Projects Rising Rates

Interest rate projections from Freddie Mac show an upward trend as we head further into 2018, predicted to increase by a ½ percentage point. While this may not seem like a big jump, this ½ percentage point can make a big difference in your monthly mortgage payment. The below chart highlights mortgage rate fluctuations over the last 3 years, demonstrating the predicted increase on the horizon. Thinking about purchasing a…

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Mortgage Affordability vs Rent Affordability 1024x539 - Comparing the Cost of Homeownership vs Renting

Comparing the Cost of Homeownership vs Renting

According to Zillow, the typical U.S. renter spends nearly $2,000 more per year than they would if that money was going toward their home. Here are some interesting statistics: The median U.S. rent accounts for 29% of a typical household income – up from 25.8% between 1985 and 2000. Today, renters in 34 of the nation’s largest markets spend a greater share of income on rent than they did historically….

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Home Prices Are Rising 1024x536 - Home Prices Are Rising

Home Prices Are Rising

If you are considering a move, now may be a smart time to investigate the possibilities of homeownership. As we look at market predictions, Zillow’s average scenario shown below predicts that home prices will rise by 23.4% over the next five years. Based on this prediction, for example, if you purchased a home for $100,000 today, that same home would be expected to increase in value to $123,400 by the…

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A Home Equity Line of Credit vs. a Cash-Out Refinance: How Do They Compare?

Do you need to tap into your home’s equity to finance a big purchase or consolidate debt? Are you comparing a Home Equity Line of Credit (HELOC) to refinancing your mortgage and taking cash out? Here are 8 comparison points to consider for a Cash-Out Refinance Loan from Freedom Mortgage: Unlike a line of credit’s varying rates and increasing payments, cash-out refinance loans offer a fixed interest rate that keeps…

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Tax Blog Image 1 1024x755 - How Will the New Tax Law Impact Homeowners?

How Will the New Tax Law Impact Homeowners?

Find out how it will affect your wallet. Congress ended 2017 by passing a sweeping tax reform law that changes tax rates, brackets and deductions. As the law impacts America’s homeowners, it’s important to consult with your tax advisor to determine how the changes impact your deductions. Here are some details as to what these changes could mean for you and your wallet. Mortgage interest deductions. Homeowners will be allowed…

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Tax Blog Image 1024x663 - Keep an Eye Out For Important Tax Forms

Keep an Eye Out For Important Tax Forms

Updated 1/29/2018: To access your 2017 year-end tax document online please login and click on your January statement. Freedom Mortgage Year-end Statements (Form 1098) are mailed to customers by January 31. It’s important to keep an eye out for these forms as you’ll need them at tax time! What is the Year End Statement or Form 1098? Your year-end statement (Form 1098) is used to report mortgage interest paid during…

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Friends dinner 1 1024x683 - 5 Ways to Save for a Down Payment

5 Ways to Save for a Down Payment

One of the biggest challenges for first-time home buyers is saving for a down payment. Often, new home buyers mistakenly believe they must save 20% of their home price as a down payment.  However, depending on your credit and loan terms, you may be able to put down much less. Another misnomer for first-time home buyers is believing they will never be able to save enough for a down payment….

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