Mortgage points are fees a homebuyer can pay upfront in exchange for a lower interest rate. It’s important to understand the effect of paying points on the long-term cost of a mortgage.
Is your inbox and mailbox filling up with offers from mortgage companies? These unsolicited offers are not just annoying, they can be downright deceitful, sometimes using your existing mortgage lender’s name or loan amount to appear as though they are connected to your current financial provider.
The homebuying experience today doesn’t look like it did when your parents bought their home. Old rules of thumb and advice often don’t apply in the kind of high-demand seller’s market we have seen the last few years, which is changing the rules of homebuying.
Interested in spreading your wings to a new location or purchasing a second home in a different market? A decision of that magnitude is best made after gaining personal experience of the area. Let your curiosity guide your vacation planning this winter season and try out one of the communities on your list.
The popularity of remote working has given people flexibility to choose where they live and how often they relocate, which can significantly expand the possibilities when you’re in the market for a home. Alerus’ analysis of the hottest housing markets provides insight into trends.