Archive of entries posted on

How Retirees Will Transform the Housing Industry

Those that are preparing to enter into retirement are expected to alter the housing market in four major ways, according to a new report. Lesley Deutch, Principal at John Burns Real Estate Consulting said in a report that “tomorrow’s retirees will completely transform the housing industry.” According to the report, the retiree explosion began in 2012 and has […]

New Mortgage Rules For Self-Employed Borrowers

If you’ re self-employed, you must meet different requirements than a salaried person to qualify for a mortgage. The rules about how that works were updated in recent months to take an even closer look at your business income, so let’s review the rules for self-employed people borrowing for the first time, and for those […]

Smart Homebuyer Strategies

The National Association of REALTORS® has announced that there’s a housing supply shortage. Homes are selling quickly and home prices are starting to inch up again. It’s becoming a seller’s market in many areas. Any time the market changes, it’s time to change strategies. During a buyer’s market, buyers have the upper hand and can […]

Student Debt and Millennial Homeowners—Maybe They Can Live Together After All

Is student debt hurting the housing market? Conventional wisdom and its pundits say yes. But the answer might not be that clear cut. A new analysis suggests that a college education does more to help than hurt homeownership, even it it means taking on debt. The biggest gap in homeownership isn’t between grads with and […]

States With The Highest Property Taxes

At 2.67%, Illinois has the highest median property tax rate in the U.S., according to a report by CoreLogic. On the other hand, Hawaii has the lowest median property tax rate in the nation at 0.31%, according to the report. The national median is 1.31%. Property taxes vary state to state, and include the total […]

What is PMI?

What is Private Mortgage Insurance (PMI)? Mortgage insurance, which is also known as Private Mortgage Insurance or PMI, is generally required when a homebuyer purchases a home with conventional financing using a down payment less than 20% of the purchase price of the home. PMI allows lenders to provide low down payment options, because it […]

Best Suburbs in America

                The US is full of incredible places to live — cities, yes, but also unique small towns and villages that people call home. After examining data on 2,754 municipalities across the country, we put together a list of America’s 50 best suburbs. We considered suburbs with populations between 5,000 and […]

Understanding Hard Inquiries on your Equifax Credit Report

Equifax explains in detail the importance of understanding hard inquiries on your credit report.             As we’ve written about previously on the Equifax Finance Blog, some consumers are reluctant to check their credit report because they are concerned that doing so may impact their credit score. While pulling your credit […]