Slide One

CORY THOMPSON

Mortgage Consultant

Slide One
Slide Two
Slide Two
Slide Three
Slide Three
37247968_ML_1120px
37247968_ML_1120px
previous arrow
next arrow
 

5 Ways That a Mortgage Can Be a Huge Benefit to Your Financial Future

For many people, investing in a house is one of the most important purchases they will make in their lifetime. However, alongside having the comfort of your own home, there are many financial benefits associated with buying in. If you’re currently perusing the market for opportunities, here are some reasons to consider investing a little sooner. Get Away From Inflation If you have an adjustable-rate mortgage, your interest rates will certainly fluctuate from time to time, but owning a home actually allows you to guard against the reality of inflation, which can be a significant burden as a renter. While the price of housing and apartment rentals can rise considerably with inflation, your monthly mortgage cost will be relatively fixed. Hold On To More Of...

Read More

What’s Ahead For Mortgage Rates This Week – December 5, 2022

Last week’s economic news included readings on home prices, inflation, and data on public and private-sector jobs. Weekly readings on mortgage rates and jobless claims were also released. S&P Case-Shiller Posts Lower Home Prices in September September home prices fell in all cities tracked by Case-Shiller’s 20-City Home Price Index. Home prices were – 8.7 percent lower year-over-year in September than August’s reading of -10.40 percent. Home price declines showed signs of increasing after a period of rapidly rising home prices sidelined would-be home buyers. The Federal Housing Finance Agency Home Price Index rose by 0.90 percent in September as compared to home price depreciation of -7.50 percent posted in August. Home prices rose in all 50 states and the District of Columbia between Q3...

Read More

Understanding ‘PITI’ and What Goes in to Your Monthly Payments

Ask any friend or family member that owns a home and they will share that it takes a bit of management to keep all the expenses under control. Let’s explore the concept of PITI and why it is vital to have a clear picture of how much your home is costing you each month. Just What Is PITI, Anyway? PITI is an acronym that stands for “principal, interest, taxes and insurance,” which are the four main components that make up your housing costs. Principal – this is the amount that you are paying against the total amount that you borrowed when you purchased the home. For example, if you used a mortgage to cover $200,000 of the home’s purchase price, the remaining balance of that...

Read More

What Are The Different Types Of Investment Properties You Can Purchase?

If you are looking for a way to diversify your investment portfolio, there are different options available. One option is to invest in real estate. With so many different choices, how can you select the right one for your needs? There are a few key points to keep in mind. A Single-Family Home One of the first options you might be considering is a single-family home. This is a versatile option that you can use to host long-term renters or vacation visitors. Single-family homes come in many shapes and sizes, but the variation can also make it a bit of a challenge. You need to think about landscape maintenance, potential repairs, and real estate taxes. Single-family homes can also be expensive, so they might require...

Read More