Proof of Funds Letter for a Real Estate Purchase: Why Home Buyers Need It.
Is your Realtor asking for proof of funds? What is proof of funds in real estate anyway? A proof of funds letter is a document that proves that a home buyer has enough liquid [...]
I Want To Refinance My Mortgage, but I’m About To Turn 70. Is It Wise To Refinance at My Time of Life?
Dear MarketWatch, I hope you can help me figure this out. I am 69 years old and will turn 70 at the end of the month. I’ve been offered a cash out refinance loan [...]
Pay Off Your Mortgage or Save for Your Kid’s College: How To Make the Choice
Purchasing a home and paying for a child’s college education are some of the biggest expenses parents will face. So if you come into some extra cash, such as an inheritance or major bonus [...]
Mortgage News Weekly 1/3/22
In this Issue… A Look Into the Markets Mortgage Market Guide Candlestick Chart Economic Calendar for the Week of January 3, 2022 A Look Into the Markets As we enter 2022, let's discuss what's [...]
How Much Is Enough for a Down Payment?
Most would-be homebuyers start their journey by gathering a down payment. This money is crucial to snagging a mortgage and getting that much closer to homeownership. But when you’re shelling out for hefty rent [...]
Buying a Home in Today’s Market Can Lead to the 5 Stages of Grief—Here’s How To Survive Them
Matthew Libassi and his husband had been looking for a home for months when they found what they thought would be The One. The recently renovated three-bedroom Cape Cod would be less than a [...]