Last week’s scheduled economic reporting included readings on construction spending, public and private sector payroll growth, and the national unemployment rate. Weekly readings on mortgage rates and new jobless claims were also released.
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Last week’s scheduled economic reporting included readings on construction spending, public and private sector payroll growth, and the national unemployment rate. Weekly readings on mortgage rates and new jobless claims were also released.
Making major life decisions often involves a delicate balancing act. Among the most significant choices, individuals face are buying a new car and purchasing a new home. Both ventures represent milestones in one’s life, bringing excitement and anticipation. However, there is a complex interplay between these two financial endeavors that can significantly impact a person’s ability to achieve their dream of owning a new home. Here are some factors to consider:
Research the neighborhoods: Start by researching the different neighborhoods in the city you are moving to. Look into the amenities, crime rates, school districts, and transportation options in each area to help you narrow down your search.
Research the neighborhoods: Start by researching the different neighborhoods in the city you are moving to. Look into the amenities, crime rates, school districts, and transportation options in each area to help you narrow down your search.
In general, lenders typically allow you to borrow up to 80% of your home’s equity. For example, if your home is currently valued at $400,000 and you owe $200,000 on your mortgage, you may be able to borrow up to $160,000 (80% of the $200,000 in equity you have in your home).
Reliant Home Lending
8550 United Plaza Boulevard Suite 702
Baton Rouge, LA 70809