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Availability note: I am not originating construction-to-permanent loans at this time while I finalize a new underwriting relationship for this product. This article stays up because the information is still accurate, and I am glad to talk through a build with you regardless. See my construction loan guide for current status. Understanding Construction Perm Loans:…

Homeowners insurance is crucial for protecting your largest asset and covering liabilities. To find the best policy, compare quotes from multiple insurers, focusing on coverage limits, deductibles, and premiums. Gather necessary information about your home and personal details to expedite the quoting process. Look for discounts and consider the insurer’s financial strength and customer satisfaction…

Homeowners rush as 30-year fixed mortgage rate drops Mortgage rates trended down this week, with the 30-year fixed-rate mortgage (FRM) dipping to its lowest level in two years, according to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS). The 30-year FRM averaged 6.08% as of September 26, 2024, down just a fraction from last week’s 6.09%.…

The U.S. Department of Housing & Urban Development (HUD) has announced its most extensive update to the Manufactured Home Construction and Safety Standards in more than three decades, including 90 new or updated standards to increase innovation and production of homes with features that are sought-after by consumers, such as open floor plans and accessibility enhancements, open…

Hurricanes are among nature’s most powerful and destructive phenomena. On average, 12 tropical storms, 6 of which become hurricanes form over the Atlantic Ocean, Caribbean Sea, or Gulf of Mexico during the hurricane season which runs from June 1 to November 30 each year. In the Central Pacific Ocean, an average of 3 tropical storms,…

First-time homebuyers still have to compete for a small pool of houses. Like your upstairs neighbor’s leaky bathtub, the Federal Reserve’s interest rate cuts are beginning to trickle down: Mortgage rates are gradually declining, and to take advantage, homeowners and prospective buyers submitted a wave of refinancing and loan applications last week, new data revealed yesterday.…

The average American has thousands of dollars of credit card debt. As a whole, Americans hold a record $1.14 trillion in credit card debt as of the second quarter of this year, according to the Federal Reserve Bank of New York’s August report. Individually, they carry an average balance of around $6,330, per TransUnion data. That’s up from $5,947 at…

When diving into the realm of mortgage transactions, you might come across the term non-arms length mortgage transaction. But what exactly does it mean? Quite simply, a non-arms length mortgage transaction occurs when the buyer and the seller have a personal or business relationship. Here’s a closer look at the implications, examples, and considerations of…

NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. On Wednesday, the Fed announced that it reduced its key rate by an unusually large half-percentage point, to between 4.75 and 5 percent, the first rate cut…