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Build Your Own Dream House!
So you're thinking about building your own house, are you? Well, you've come to the right place! It's a lot of fun (hard work and eventually fun!) to build your own home and it will save you thousands of dollars. we saved over a Hundred Grand by doing it ourselves - that's pretty significant cash!). If you happen to live in a Large City, like Los Angeles, or anywhere that Real Estate Values are 'close-to-insane', you could potentially save millions of dollars. Interested, you say?? Read on, My Friend, Read on...!
Here's a little list of things you'll need to know:
How to Get Money: You'll need lots of money! Don't stop reading! There are ways of getting financial support in order to build a house . It certainly helps if you have a stack of cash in the bank. I'd say at least $20,000. - $100,000. to have as a back up - there are a surprising number of things that seem to come out of nowhere that require a quick injection of cash. The amount you will need to 'get in the ground' is, of course, dependent on the style and size of your home.
Also, if you already own a home, you'll be familiar with the territory and may have a fair bit of equity, which you can use to leverage other cash. Contact your Bank to get an Appraisal of your current home and see how much you can qualify for a Line of Credit.
We'll look at Mortgages, Builder's Loans, Personal Loans and Line of Credit options. Often, it'll be a big 'ol combination of all of the money you can get your hands on in order to pull this off! Remember, this is not the same as buying a house already built, hiring a builder to build it, or buying a 'previously enjoyed' house. You'll be completely responsible for every aspect of the building process.
To get the money to Build Your House, the Banks send out Appraisers to determine how much of your house has been completed before they will release the Draw Money -- remember the Appraiser Scene in The Sopranos?? Well, that's one of our favorite scenes -- Dwight laughed so hard he nearly fell out of his seat! If you're not a Sopranos fan, the Appraiser gets into 'some trouble' with the Mob, if you know what I mean! ha,ha,ha!
I'm sure there are some good Appraisers out there, who actually know that when the Roof is done, the Subfloor is already in place... d'uh! But even if you have the weeniest appraiser known to mankind, you still have to be really nice and just be prepared with your own cash to continue on with the job. We had to carry the whole project right past the Lock-Up Stage, when the banks usually release the First Draw after the Subfloor is done.
Thank Goodness we had sold our other house first, so that Equity Cash was in the Bank, because that would have been a terrible situation otherwise. So now I would advise having at least $100,000. on hand before you start your own build, just in case. The amount is variant on the size of your house, of course, and we always build big, so do the math and come up with how much you will actually need to get yourself all the way to Lock up, and have that money available before you start.
How Long Will It Take To Build A House? Typically, it can take from 4-5 months if a Big Builder is Building a relatively Small Home, and up to 2 years (I know - that seems crazy, but it can be true, so be prepared if you're building a mansion! ha,ha!) for a very large Custom Home.
In general, if you're Building Your Own House, add a couple of extra months from any estimate for ease in your life, otherwise, your expected time-frame will be too tight and it won't be pretty!
A Larger Home, especially a Custom Home, will usually take between 6 to 12 months. Sometimes you will run into permitting delays, you can't get any Trades (if you live in an area with extreme growth or NO growth...!). Our house took Seven full months for the actual Build, but then you need to add another 6 weeks for the Permits to come through at the beginning. Also, we bought the Land a good 2 years before we actually started to build on it (when you build it yourself, you usually have to pay for the Land in Full before you can start the Dig...). I took a fair chunk of time to design the right house for this Lot, then had it professionally drawn.
We were in no hurry, because we wanted to be sure our other house was Sold before we 'Broke Ground', so we would never have to worry about carrying two mortgages (yikes!). Our House Sale went through in February and we broke ground on March 4th. Good timing, no?? We went ahead and got the Permits ready when the other house was Conditionally Sold.
Keep in mind that if you're hiring a Builder (Buying a Home through a Big Builder), and it's one of their 'stock houses' (meaning that the've built many, many houses in the same identical style...), that the Building Time will be much shorter than if you built on your own. Once you've built a house, it's much easier to build the same thing (or even a slight variation of that same home) again, because now you know the 'trouble spots', and changes that could be made to simplify the project.
When we are ready to Build again, I think we'll sell this house first, buy a smaller place that's 'an easy re-sale' in Town, buy a new Lot, then start another Build. It's important to look at every side before you even begin to get started, so you don't create chaos in your life. The further ahead you can plan, the better off you'll be.
In case you're wondering, 'an easy re-sale' is a house that is gorgeous but not too big and not too expensive. Big and Expensive happens to be my favorite kind of house, but not for a quick sale... and it needs to be in a really good location, preferably close to Schools and Shopping so it will appeal to young families. Also, I always choose a house with 3 Bedrooms on the same floor (Main Floor of a Bungalow or 2nd Storey of a 2 Storey home), because that's the easiest house to sell to a young mother. And by 'young', I mean any mother with kids at home that she still needs to wake up in the morning! ha,ha!
And, if you're really intuitive, this is already a plan I want to put into action, so I just have to convince Dwight that it's time to put this house on the market, since it can easily take a year to sell a really big house...sometimes they just fly off the market, but I want to be prepared! Let me know if you're interested in our gorgeous home! We'll miss it terribly, but I can always build another, right??
Hire a Builder: If the thought of having a few hundred Grand just sitting in a bank somewhere makes you feel faint, you should definitely consider Hiring a Builder. Quite often they will carry you through to the end of the Build with $20,000. down. Some really big builders will let you get in with much less - sometimes as little as $500. down. Good to really check around to see what you can get that's in your price range.
Always keep in mind that the more Custom your house is, the more you will have to pay up-front and again at the end. Makes sense, but sometimes that's forgotten.
Hire a Project Manager: I don't know how you would Build a house on your own if you were both working in a Nine-to-Five job -- I'm thinking it would be next to impossible. I don't know how many times Dwight had to leave what he was working on to come out to the house to deal with one problem or another. And if he wasn't available, or it was one of my areas, I would come out. Since Dwight is a General Contractor (as well as a Heating & Air Conditioning Specialist), he was able to correct any problems to prevent delays rather than having to bring in all sorts of other people.
Hiring a Project Manager for your Build is less expensive in the long run (as opposed to a regular Builder), but you will have to have your money in order first, as you would if you were building all by yourself. You can always start out on your own, and bring in someone when and if you need them, too. Find a General Contractor before you get started who would agree to those terms so you don't find yourself stuck at a crucial stage (and, yes, they're all crucial stages!).
How to Find Land This is key, since it can often be difficult to find land in the city that does not belong exclusively to a Developer or Builder, which means that if you buy their land, you have to hire their Builders to build your house. What you want to look out for is a B.Y.O.B. Lot (this does not mean 'Bring Your Own Booze' to the work site!). This means Bring Your Own Builder. That's you! It also means that you could contract the building out to an Independent Builder, who might build for significantly less than a big name builder.
Check the Internet, your local real estate papers, bargain papers (there's usually one in every city -- the one in Calgary is the Bargain Finder ), newspapers, etc., to see if you can find a B.Y.O.B. (Bring Your Own Builder) Lot or a good Builder. It's always a good idea to check out local Builders, first, in case they can build what you want for basically the same a what it would cost you to build on your own. If the difference is less than $50,000, it's probably better to buy through a Builder, whether Independent or a 'Big Name' company. You may be able to do part of the work, provided your skill level is adequate, which will knock the price back even further. Everything is food for thought when you're looking at an investment in your time and money of this magnitude. You're less likely to 'get in too deep' cash-wise, too.
You can always hire someone else this time around, then really watch to see how it works and try it yourself on the next house! You'll make a pile of money, either way, especially if you buy in an area with some positive growth potential! Remember, Real Estate rarely goes down in value, so it's a good investment. You'll have a nice place to live and when you sell it down the road, you'll make a bigger profit than most people make in the Stock Market. Plus, if the tax laws permit it, you won't have to pay taxes on the money you make from the spread (how much you paid for your house and how much it sells for). There's generally a time frame involved in this, so check with your accountant to get the low down for your area.
How to Design Your Home: The land you buy will determine what you can build, for the most part. If you're in the city, the neighborhood will be pre-planned, and the Developer you bought the lot from will let you know what's allowed. Many new neighborhoods are 'Front-car Garage' houses. Some will allow for a detached garage, or a garage attached at the back. Make sure you're comfortable with the restrictions that come with the lot before you buy it. If your lot is smaller (as most in-town lots are!), you'll probably have a basic shape that you can start with (say, a long rectangle, or a square box) - check out show homes for ideas (of course, you can not copy someone else's house, but you can gather ideas for features you like to see what you want to incorporate into your own house.
Once you've got the basic shape in mind, sit down with some graph paper and start playing around with what you want in the house. Three bedrooms on the main floor, four bathrooms (because you really love prunes!), large island in kitchen - you get the idea. The other thing that I highly recommend is the Internet (surprise, surprise!). There's a ton of information out there, and there is an incredible selection of house plans on the Net. They're way cheaper than having an Architect draw your own designs, and they will often accommodate them to suit your needs (small fee involved, but worth it if you really, really need a sauna off the Master!). The general cost of having your own House Plans drawn up is anywhere from $2,500.00 and up, depending on the house and the Architect. Perhaps you'd even like to build a Walk-Out Bungalow like ours!
Extra Costs of the Land: This applies primarily to buying an acreage, since you'll need to add about $25,000 into your budget to get the services in, but it's good to make sure that there are no hidden costs or amenities that you're required to pay for your lot. We really scored and found an acreage in an Estate Area that already has the services to the lot line -- WooHoo! That's a huge savings! (I'll put that money towards the development of the Garden Room!)
Every so often you may come across a Beautiful Piece of Land and the Developer will carry the price of the Land with a small Down-payment until you're finished the entire Build and your Mortgage Money has actually come through, then you pay the Developer for the Land at the end. This is very, very rare. More often than not, you may be able to hold the Lot with a Down-payment until you are ready to Build, but you will have to Pay for the Land in its' entirety before you can go and even get the Permits to Build. I know, I know ... it's a Big Money Game, but it can be done if you're really determined. All money-related info is much better to know in advance than to discover it later and lose your shirt... you want to make money on a build, not lose it, right?!
After Thought: Well, we're done the house, now, and Money was the most difficult part of the job. When you are building on your own, you actually seem to need a 3:1 ratio of Cash to Home. What that basically means is that if you want to borrow $100,000., your new home should be worth $300,000.
We were amazed at how little the Appraiser actually knew about the Building Process. We were also shocked at the tiny increments of cash that we got from the Bank. It was not done the way that you're generally told it will happen -- in three main sections -- Subfloor, Lock-Up and Completion.
We were given 10% here, and 5% there... it was a long and arduous process, and one we will try our best to avoid in any future Build. We'll set up a large Line of Credit based on the Equity of our House and go as far as we can before we attempt to get another Builder's Loan.
This is not to say that Builder's Loans are never good -- not by a long shot. They can be the difference between being able to Build the House or Not, so definitely pursue that avenue if you need to... you might get lucky and find a really great Appraiser who does know the building process.... they must be out there!
The other very difficult part of the Build was with the First Finishing Carpenter. We found him through a reliable source and followed through the regular way. Everything looked like it was going to go smoothly until he started fighting with me about how the Kitchen Island was to be built. He did his best to pit Dwight and I against one another -- I would give him the Drawing of how the Island was to be built and he would go to Dwight to say it had to be changed. (Little women don't know 'nothin' about buildin'... ugh! What a yuck!)
Every time I drove up to the new house and saw his truck I would feel physically ill -- not a good sign!
I can't tell you how many fights this caused... Finally, I said to Dwight that we needed to band together against this guy and stop letting him waste time (hours and hours at $45.00/hour...) by pitting us against one another. Dwight agreed and we went back in with a united stand. Much better.
Even after that, this guy couldn't stay on track with the work that had to be done before we could move in, so after I found another carpenter (no matter how annoying or slow someone can be, always wait 'til you have a replacement before you make any serious changes...I think that might go for some marriages, too! ha, ha!), I came into the house, nothing had been done, and I fired him. He stayed to finish out the day, and Dwight said he had never seen this carpenter work so hard! Now, that's funny!
It's incredible, really, how something in a relatively short time period of your life can cause so much upset -- this part was very difficult to get through, but we got through it and now it makes for a good story!
Our new Carpenter, Trevor Campbell, came in and saved the day... he fixed all of the other guy's many mistakes and finished everything that needed to be done before we could move into the house. AND, he never fights with us! It's a miracle! Trevor is a breeze to work with, so we can get the work done quickly and easily -- perfect! We would recommend Trevor to anyone planning any type of Carpentry Work for their home.
As an aside, this is generally good advice for any building project -- or anything else that is a huge thing in your lives -- stick together as a unit to get the job done. Any item can be compromised on -- there is never any one item that should cause so much grief that the whole job comes to a halt. Better to resolve to like it (or not look at it!) than to waste time and money (and potentially your relationship...) fighting over any aspect of the job.
This is not to say that you shouldn't try to persuade your partner in the right direction if you know they are headed down the wrong path, but do it gently like you're steering a car around a tight bend -- go slowly and carefully so you don't run the whole thing off into the ditch!
The most important thing is to Keep the Job Going and Get the Job Done. Then Hire a Mover and Move on in -- and hopefully, Up!
MORE RESOURCES updated Mon. August / 19 / 2019
Falling rates touch off a boom in mortgage refinancing STLtoday.com
The global economy's pain has become the Jones family's gain. Worries about trade tensions and slower growth have caused long-term bond yields to plummet ...
Is now the time to refinance? Las Cruces Sun-News
Since there is no “one size fits all” reason why one may desire to refinance, the first order of business is to identify the purpose of the refi.
Millennials drive mortgage refinance boom, and lenders are scrambling CNBC
Mortgage interest rates have been falling since May, especially sharply this month, so borrowers, especially millennials, are rushing to refinance. Refinance ...
Refinance rates ease for Friday Bankrate.com
Several benchmark refinance rates slid lower today. If you're shopping for a home loan, see how your payments might be affected.
Refinance mortgage rate slides for Thursday Bankrate.com
Refinance rates were mixed, but one key rate ticked downward. If you're shopping for a home loan, see what that means for you.
Mortgage rates are at a 3-year low—here are 3 questions to ask before you refinance CNBC
Mortgages rates hit a three-year low on Friday, August 2, when the average rate on a 30-year fixed mortgage hit 3.70%, the lowest they've been since November ...
Refinance mortgage rate increases for Monday Bankrate.com
Refinance rates were mixed, but one key rate climbed higher. See what that means for you if you're in the market for a mortgage.
Why to consider a mortgage refinance, even if you just bought recently cleveland.com
Mortgage rates have fallen so much lately that millions of homeowners might benefit by refinancing — even if they bought a home in 2018. Here's why, plus tips ...
When Should You Refinance a Home? Forbes
A home is the biggest purchase most people ever make. When buying a home, we are all impacted enormously by a factor largely outside our control: interest ...
Refinance mortgage rate falls for Thursday Bankrate.com
Refinance rates were mixed, but one key rate trended down. If you're shopping for a home loan, see what that means for you.
Fannie Mae predicts surge in mortgage refinancing following Fed rate cut Yahoo Finance
It is expected that 35% of all new mortgages in 2019 will be made up of refinanced mortgages, according to a report from Fannie Mae (FNMA) out on Thursday.
Refinance mortgage rate trends higher for Friday Bankrate.com
Refinance rates were mixed, but one key rate were higher. If you haven't locked a refinance yet, see how your payments might be affected.
Mortgage-Refi Fever Sweeps U.S., Forcing Brokers to Scramble Bloomberg
Suddenly, mortgage broker Mark Livingstone is working weekends and spending his meager free time reading resumes because he needs help handling the ...
Key questions to ask before you refinance your mortgage Bankrate.com
While refinancing your home mortgage might sound like a good idea in theory, especially with interest rates falling, it may not always be possible for every ...
Millennials move to refinance as rates approach three-year lows | The Mortgage Reports
With rates at three-year lows, Millennials are finally hopping on the refinance bandwagon. Refis accounted for 14 percent of all Millennial loans in June.
As mortgage rates tumble, rush to refinance for savings is on Star Tribune
There is a silver lining to the recent economic turbulence: Mortgage rates have tumbled in recent weeks, triggering a rush to refinance and a race to the closing ...
Nearly 10 million borrowers could lower their mortgage rate by 0.75% by refinancing right now - HousingWire
Nearly 10 million borrowers could lower their mortgage rate by 0.75% by refinancing right now HousingWire
Just three days ago, data from Black Knight showed that 8.2 million borrowers could save big on their mortgages thanks to the recent decline in mortgage ...
Refinance rates increase for Tuesday Bankrate.com
Several benchmark refinance rates moved higher today. If you're shopping for a home loan, see what that means for you.
You could save hundreds of dollars per month by refinancing your home—here's how to do it CNBC
With mortgage rates falling, borrowers are primed to save hundreds per month by refinancing. Here are six steps to follow to successfully refinance your home.
Refinance mortgage rates: 10 steps to get the best deal | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Refinance mortgage rates: 10 steps to get the best deal | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
How do you get the best refinance mortgage rates? Plan ahead and have a strategy. Here's how to do it in today's low-rate mortgage marketplace.
Refinance mortgage rates mixed for Wednesday Bankrate.com
Refinance rates were mixed today. See what that means for your chances of getting a better mortgage rate.
Will mortgage rates keep dropping? Homeowners and buyers benefit from lower interest rates - USA TODAY
Will mortgage rates keep dropping? Homeowners and buyers benefit from lower interest rates USA TODAY
Mortgage rates dropped to nearly three-year lows on China trade fears and a Fed rate cut. That's helping homeowners and buyers in the market now.
Refinance mortgage rate moves higher for Monday Bankrate.com
Refinance rates were mixed, but one key rate trended upward. See what that means for your refi.
Mortgage rates fall, reaching nearly three-year low The Washington Post
Mortgage rates dipped slightly to a nearly three-year low because of concern about a potential global economic slowdown and some weak home sale news.
Mortgage rates move lower for Wednesday Bankrate.com
Multiple closely watched mortgage rates ticked downward today. If you haven't locked yet, see how your future mortgage payments could be affected.
With mortgage rates this low, is late-2019 a good time to buy a house? | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
With mortgage rates this low, is late-2019 a good time to buy a house? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Mortgage interest rates have been dropping lately. So have home prices. There are real estate deals waiting to be claimed. So that begs the question: Is the rest ...
U.S Mortgage Rates Tumble as Trade War Angst Bites Yahoo Finance
An escalation in the U.S – China trade war and negative business sentiment weighed on mortgage rates. Any near-term upside will be limited at best.
Mortgage refinances spike 12% on a big rate drop, but homebuyers pull back again CNBC
Homeowners rushed to take advantage of a sizable drop in mortgage interest rates, but potential homebuyers were unimpressed.
Mortgage rates today, August 13, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates today, August 13, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Average mortgage rates should have fallen yesterday, in line with our prediction. But they didn't. They remained at the same, ultralow level. Under the headline ...
Should I refinance for 0.25% lower rate? Or wait for 1% or more? | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Should I refinance for 0.25% lower rate? Or wait for 1% or more? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
How much do refinance rates need to drop before I refinance? Is the rule 1%, or should I refinance for just a 0.25% lower rate?
How to tap into today's VA refinance rates with almost no paperwork | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
How to tap into today's VA refinance rates with almost no paperwork | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
VA refinance rates have fallen significantly since late last year. For many VA borrowers, this is the time to consider the savings which might be available with ...
U.S. Mortgage Debt Hits Record, Eclipsing 2008 Peak The Wall Street Journal
WASHINGTON—U.S. mortgage debt reached a record in the second quarter, exceeding its 2008 peak as the financial crisis unfolded. Mortgage balances rose ...
Is Refinancing a Mortgage Expensive? WTOP
Refinancing a mortgage could result in a lower monthly payment or a reduction in your interest rate. That could save you money, but is the cost to refinance…
Mortgage Rates Jump After Tariff Delay Mortgage News Daily
Mortgage rates were still unchanged for many lenders as of this morning. There were even a few offering slightly lower rates compared to yesterday morning's ...
Mortgage Lenders See Surge in Refinancing businessjournaldaily.com
YOUNGSTOWN, Ohio -- With mortgage rates sitting at their lowest in the last few years, lenders say now is the time to refinance – and customers are heeding ...
Mortgage demand falls again, despite lower interest rates CNBC
After rising the previous week, interest rates fell back again last week, but consumers were not enthused.
HUD slashes FHA cash-out refinance LTV limit. What you should do now | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
HUD slashes FHA cash-out refinance LTV limit. What you should do now | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
FHA cash-out refinancing rules will change starting September 1, 2019. The new rule will limit cash-out refinances to 80% of a property's fair market value.
Near-Record Low Rates Trigger Refi Wave Among US Homeowners pymnts.com
U.S. mortgage refinancing is on the uptick as fears about fluctuating global markets cause a drop in interest rates, the Financial Times reported Sunday (Aug.
How the Fed’s interest rate decisions affect mortgage rates Bankrate.com
The Federal Reserve lowered interest rates at its July meeting, but only some mortgage borrowers need to pay attention, including those with adjustable-rate ...
Low rates lead to a record wave of Danish mortgage refinancing Nasdaq
July 29- Danish homeowners have taken advantage of ultra-low interest rates to pay down mortgages worth 137 billion Danish crowns since May,.
Need a Mortgage Fast? You're in Luck: The Home Closing Process Is Speeding Up - San Antonio Express-News
Need a Mortgage Fast? You're in Luck: The Home Closing Process Is Speeding Up San Antonio Express-News
According to a recent study by LendingTree, the time it takes to get a mortgage (aka home closing) lasts an average of 40 days in 2019. Erica Sweeney ...
I'm going to refinance my mortgage. How can I raise my credit score? lehighvalleylive.com
Q. I'm going to refinance my mortgage by the end of the year and I want to improve my credit score, which is 742 according to Credit Karma. What's the fastest ...
The Time Is Right to De-Risk Your Retirement Portfolio Morningstar.com
For pre-retirees and retirees, the risk of standing pat with a too-heavy portfolio mix outweighs the downside of exiting stocks too early.
Mortgage Rates Miraculously Flat Despite Massively Lower Treasury Yields Mortgage News Daily
Mortgage rates were unchanged to slightly higher today--a claim that utterly boggles the mind of anyone who thought they understood the relationship between ...
Mortgage rates today, August 12, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates today, August 12, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Average mortgage rates fell significantly on Friday. We'd predicted they'd barely change. And we should have been right, according to all the markets that ...
ARM, HELOC mortgage borrowers just got a break in the wake of Fed announcement Bankrate.com
Some borrowers might see lower monthly payments come the end of July if Federal Reserve Chairman Jerome Powell lowers interest rates. The federal funds ...
U.S. mortgage rates hover near historical lows Dayton Business Journal
After plunging last week, U.S. mortgage rates head steady at a level not seen since November 2016, according to Freddie Mac. The 30-year fixed mortgage ...
Mortgage rates today, July 24, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates today, July 24, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Average mortgage rates provided another pleasant surprise yesterday when they held steady instead of rising. The bond yields they typically shadow did rise.
Surprisingly, lots of 2018 homebuyers could save money by refinancing now Charleston Post Courier
Economists thought mortgage interest rates would rise to 5.5 percent this year, but instead they've dropped so low that recent homebuyers could save money by ...
Fuel for the Next Mortgage Bust? WOLF STREET
Cash-out refi hype is back full-blast. And for the first time since early 2006, people are doing it in large numbers. This is the transcript from my podcast last ...
Pimco Income Fund, run by Dan Ivascyn, whipsawed by big bond rally KFGO News
By Jennifer Ablan NEW YORK (Reuters) - The massive rally in Treasuries has whipsawed the biggest name in the bond world. Pimco group chief investment ...
Mortgage rates today, July 26, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates today, July 26, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Average mortgage rates increased yesterday, as we predicted. It wasn't a huge rise, but it was enough to take them back to last Friday's levels. They're now ...
Mortgage rates today, July 22, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates today, July 22, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Average mortgage rates barely moved on Friday, as we predicted. However, the movement that did occur was different from what we expected. The average ...
Real-Estate Matters | Divorce decree supports ex-spouse, so refinance house The Columbus Dispatch
Q: I got divorced about four years ago. The deed to the house was, and is, in my name alone, and has been from the time we bought it.During our marriage, we ...
Mortgage Rates Fall As Stock Market Struggles Continue – Market Update - Zing! Blog by Quicken Loans
Mortgage Rates Fall As Stock Market Struggles Continue – Market Update Zing! Blog by Quicken Loans
Trade tensions were the order of the week with very little economic data released. We'll have all the highlights coming up in Market Update!
Consider a Mortgage Refinance, Even If You Bought Recently NerdWallet
Refinancing a mortgage might be a good idea, even for homeowners who bought a home in 2018. Mortgage rates have fallen so far that millions of homeowners ...
Good time to refinance your mortgage? Fox Business
The 30-year fixed mortgage rate recently reached its lowest levels since September 2017.
Refinance mortgage rate retreats for Wednesday Bankrate.com
Refinance rates were mixed, but one key rate fell. The nationwide average for a 30-year fixed-rate refinance receded, but the average rate on a 15-year fixed ...
'Now Is The Time To Refinance': Low Mortgage Rates Cause Surge In Refinancing Forbes
Last week's massive dip in mortgage rates apparently pushed homeowners into action. According to new data from the Mortgage Bankers Association, ...
Mortgage rates haven’t been this low since 2016 — here’s how to decide whether to refinance your home loan - MarketWatch
Mortgage rates haven’t been this low since 2016 — here’s how to decide whether to refinance your home loan MarketWatch
More people are pursuing refinances as mortgage rates have dropped.
Segway-Ninebot Debuts Self-Driving Electric Scooter pymnts.com
China's Segway-Ninebot has come up with an answer to everyone's eScooter charging woes. The company's KickScooter T60 can drive itself to the charging ...
UK’s Labour Party Wants To Take Over Vacant Retail Properties pymnts.com
The UK's Labour party is set to allow local authorities to take over vacant properties in an effort to give the country's retail market a boost.
Refinance rates fall for Wednesday Bankrate.com
Multiple benchmark refinance rates fell today. See what that means for your refi.
Refinance rates trend higher for Tuesday Bankrate.com
Several closely watched refinance rates moved higher today. See what that means for your refinance.
As mortgage rates plunge, should you refinance? Fox Business
Nearly 6 million people can now cut their mortgage payments with refinancing.
Refinance mortgage rates mixed for Thursday Bankrate.com
Refinance rates were mixed today. See what that means for you if you're in the market for a mortgage.
If You Ever Want To Retire, Here's The Best Way To Refinance Your Mortgage Forbes
The usual reasons to refinance are to reduce the monthly payment or to raise cash. The third option, which is under-appreciated, is to shorten the period of ...
Nearly 6 million people can now cut their mortgage payments with refinancing Bankrate.com
The recent drop in rates means that 5.9 million people can potentially save money by refinancing their existing home loans and securing a lower rate -- two ...
As rates drop, mortgage refinancing surges but home purchase loans remain tepid USA TODAY
Homeowners scramble to refinance mortgages as rates hit the lowest level in 17 months. But mortgage applications for home purchase rose just 0.5%.
Refinance mortgage rate eases for Thursday Bankrate.com
Refinance rates were mixed, but one key rate slid lower. If you're shopping for a mortgage, see how your payments might be affected.
Mortgage rates are falling—here's how to tell if you could save money by refinancing CNBC
As mortgage interest rates drop, homeowners could save hundreds per month by refinancing. However, it's not a smart financial decision for everyone.
How to Refinance a Mortgage and When to Do It TheStreet.com
Your mortgage can cost a lot of money over time. Here's how it might just cost a little less....BAC.
Will mortgage rates drop even more? Should I wait to refinance? | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Will mortgage rates drop even more? Should I wait to refinance? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Mortgage rates are near historic lows, but maybe you've heard that nagging voice, the one which says “wait just a little longer. Rates can drop lower.
Home Values Are At Their Highest Point In More Than 12 Years Zing! Blog by Quicken Loans
Property values are the highest they've been in quite some time. Additionally, homeowners and appraisers are now more in line on property value.
Mortgage refinancing spree becomes a race against the clock Bankrate.com
Some 2.43 million homeowners can reduce their mortgage interest rate by refinancing, according to a recent mortgage report by Black Knight, a mortgage data ...
An 11.4% Yield Trading At A Double-Digit Discount To Book Value: Dynex Capital Seeking Alpha
The Agency mREIT sector has been subjected to headwinds through the first half of 2019. While declining rates are generally positive for Agency mREITs, ...
Sam Chang Scores $83M MRC Mortgage at Shuttered Midtown Hotel Commercial Observer
Sam Chang's hotel firm has pinned down a $83 million from Madison Realty Capital (MRC) to refinance a hotel it owns near Rockefeller Center, according to ...
Refinance mortgage rate slides for Friday Bankrate.com
Refinance rates were mixed, but one key rate slid lower. See what that means for your chances of scoring a killer refi rate.
Refinance mortgage rate moves up for Friday Bankrate.com
Refinance rates were mixed, but one key rate ticked up. See what that means for your refinance.
Mortgage refinance boom goes bust as rates shift higher CNBC
A turnaround in interest rates turned borrowers back on their heels last week, deflating a quick boom in refinance demand.
Mortgage Rates Drop Again -- Homeowners Can Save Hundreds Per Month By Refinancing Forbes
Mortgage rates are continuing their downward spiral. According to Freddie Mac, the average rate on a 30-year fixed-rate loan has dropped to just 3.82%—down ...
These are the best (and worst) reasons to refinance your mortgage Bankrate.com
Whether you've owned your home for a short time or you've had your mortgage a bit longer, a mortgage refinance involves careful consideration. After all, you'll ...
Refinance mortgage rate moves up for Monday Bankrate.com
Refinance rates were mixed, but one key rate cruised higher. See what that means for you if you're in the market for a mortgage.
4 irresistible perks of a VA mortgage refinance Bankrate.com
Interest rates are near historic lows, and one particular VA loan refinance option that is easy to qualify for can enable homeowners to save thousands on their ...
Refinance mortgage rate moves up for Thursday Bankrate.com
Refinance rates were mixed, but one key rate cruised higher. See what that means for your refinance.
5 Signs It's Time To Refinance Your Mortgage Forbes
You've probably heard that refinancing your mortgage can save you money. While that's true in many cases, refinancing needs be done at the right time in order ...
Weekly mortgage rates fall further, but only refinance applications rise CNBC
Mortgage application volume was 40% higher than a year ago, largely because lower rates are strengthening the refinance market.
Debt Consolidation with Mortgage Refinancing: How to Pay Off Debt with a Refinanced Mortgage - Zing! Blog by Quicken Loans
Debt Consolidation with Mortgage Refinancing: How to Pay Off Debt with a Refinanced Mortgage Zing! Blog by Quicken Loans
Considering a mortgage refinance to consolidate debt? Before you do, read our guide to make sure you understand how it works along with the pros and cons.
Refinance mortgage rate moves higher for Friday Bankrate.com
Refinance rates were mixed, but one key rate were higher. If you haven't locked a refi yet, see how your future mortgage payments could be affected.
Refinance rates ease for Wednesday Bankrate.com
Several closely watched refinance rates dropped today. If you're shopping for a mortgage, see how your payments might be affected.
Refinance mortgage rate retreats for Tuesday Bankrate.com
Refinance rates were mixed, but one key rate ticked downward. If you're shopping for a mortgage, see how your payments might be affected.
How to get the best deal on your home mortgage refinance cleveland.com
Mortgage rates may be rising but there's still room to refinance your home loan. You might have heard much said about the constant rise of interest rates over the ...
More than 8 million homeowners are leaving big money on the table by not refinancing CNBC
Mortgage rates have been on a roller coaster for the last year, but now they're sitting at the bottom of the track, and that is giving a major boost to the number of ...
Nearly 6 Million People Can Now Cut Their Mortgage Payments With Refinancing | RisMedia.com
With interest on the low side, there is a potential to refinance and save.
What to consider before determining whether to refinance your mortgage Washington Post
REAL ESTATE MATTERS | For a home-run refinance, try to find a deal that helps you do these four things: lower your interest rate, shorten your loan term, lower ...
Your money: Buying or refinancing? The mortgage rate frenzy is back Reuters
Mortgage rates are nearing historic lows again in the United States, making it an ideal time to buy a home - or refinance.
Should you refinance your mortgage now? Clark.com - Clark Howard
Money expert Clark Howard has a simple rule for when to refinance your mortgage. See if it applies to you and how you can hit a "grand slam" if you do it.
Cash-out mortgage refinancing: Here’s where homeowners are using it most Bankrate.com
Homeowners who snagged a low-interest mortgage in recent years generally avoid refinancing the loan because interest rates are higher now. When they need ...
Refinance Your Mortgage Quickly: Prequalify in Just 3 Minutes Credible News
Let us do the heavy lifting for you. Compare rates from multiple lenders with no impact to your credit score. Refinance your mortgage with peace of mind.
THE WOLF STREET REPORT: Fuel for the Next Mortgage Bust? WOLF STREET
Here we go again: Cash-out refi hype is back full-blast, and for the first time since early 2006, people are doing it in large numbers (11 minutes).