Khadine Fisher’s Blog
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Should You Pay Off Your Mortgage Early or Invest? Maximize Your Wealth
Deciding whether to pay off a mortgage early or invest involves several factors. Mortgage prepayment reduces the principal and shortens the loan term, while investing aims for higher returns through various financial channels. Compare mortgage interest rates with expected investment returns, ensure financial stability, and consider tax implications. Paying off a mortgage early can save…
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Mid-Atlantic Home Inventory Hit 24%
Mid-Atlantic inventory has increased, providing buyers more options with a 24.7% yearly rise. Homes are selling quickly, with half selling in nine days or less in Early-Q3.
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Going to an open house? Now you might have to fill out a form, per new homebuying rules
Changes in home buying and selling practices are underway following a settlement by the National Association of Realtors regarding commissions. Starting August 17, open house visitors will be required to fill out a form indicating whether they have representation. Buyers must now negotiate their own contracts with agents, determining their commission, which they must sign…
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H2 2024: Maryland Homebuyers’ Fall & Winter Benefits
Autumn sees determined sellers open to negotiations in Maryland, accepting lower prices in September through November. In winter, housing prices drop and reduced competition helps you find negotiable deals on your dream home.
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Why Buy a House Now Before Year-End Rate Cut?
Fannie Mae and NAR expect the 30-year mortgage rate to lower to 6.7% by year-end. The Mortgage Bankers Association forecasts a slightly lower rate of 6.6%.
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How to buy a house with no down payment
Buying a house can be a financial milestone, but the down payment can be a barrier. Government-backed loans like VA and USDA loans require no down payment. Down payment assistance programs from state and local agencies offer grants and loans. Alternative options include seller financing, lease-to-own agreements, and co-borrowing. Strengthening credit, managing finances, and getting…
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Quality Pays Off: Is Maryland an Expensive State?
Maryland is the sixth-most expensive state to live in. Maryland's cost of living index is 119.50, 19.5% above the national average.
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Happy Labor Day
Happy Labor Day! Labor Day is a day dedicated to honoring the contributions and achievements of workers and the labor movement. It marks summer's informal end in the U.S., as schools often start after the holiday. It offers a chance to ponder the historical strides in workers' rights and labor advancements. Cheers to hardworking individuals…
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How to buy a house: 13 steps to getting the keys to your new home
If you're looking to buy a house, follow these 13 steps to simplify the process. Start by determining how much you can afford, including all costs like taxes and insurance. Prepare financially by saving for a down payment, paying off debt, and checking your credit score. Shop around for mortgage lenders and get preapproved. Find…
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Forecast: Gradual Rate Cuts Ahead
Inflation has decreased significantly, yet the Fed has maintained high interest rates.Forecast suggests gradual interest rate cuts in 2024 and 2025 to manage inflation and economic stability.