Displaying posts tagged with: Homeownership

Remodeling Tips for Aging in Your Home

Remodeling Tips for Aging in Your Home

More than 60 percent of homeowners ages 55 and up say they would prefer to age in place versus downsize. Check out some remodeling strategies to ensure a safe and comfortable living environment that meets life's changing needs. More

Finding "the One"

Finding

Today we're wrapping up our new year, new home blog series with tips on how to choose the right location and the right type of home for you. More

The Cost of Moving In

The Cost of Moving In

Whether you're moving across town or across the country, you'll need to budget for the cost of transporting yourself and everything you own to a new home. More

The Down Payment Math Challenge

The Down Payment Math Challenge

If you're in the market to buy a home, the amount of your down payment is likely top of mind: three percent, five percent, 10 or 20. There's no right answer for everyone; what is right for you depends on some key factors, namely your savings and monthly budget. More

Hacks for Un-Decking the Hall

Hacks for Un-Decking the Hall

The decorations that are so exciting to hang up can be just as daunting to take down as we move from the season of “Deck the Halls” to the season of “What do I do with it all?” More

5 Ways to Reduce Heating Bills

5 Ways to Reduce Heating Bills

There are dozens of ways a homeowner can reduce their heating bills. Here are fives ways that provide a good return on investment, are fairly easy to accomplish and are relatively inexpensive when compared with other energy improvements. More

PMI: Your Top Questions Answered

PMI: Your Top Questions Answered

Private mortgage insurance (PMI) is a big topic for homeowners and homebuyers alike and there is good reason, namely your wallet. Follow along as we share the top questions received today, along with the answers. More

The Energy Revolution and You

The Energy Revolution and You

The topic of clean energy has been on the table for decades, with many left wondering if it would ever take flight. Well, it has, and it's power is making a big impact on the environment and your wallet. More

Myth vs. Fact Quiz

Myth vs. Fact Quiz

Over the last few months we've been dispelling the top two myths on everything from down payments to renting. See how well you know the facts in today's quiz. More

Do You Know Your Energy?

Do You Know Your Energy?

Knowing the facts about energy consumption and conservation is important for all families as the U.S. continues to advance its efforts to conserve. We've hand picked some important facts: do you know your energy? More

Green? Or Just a Shade of Green?

Green? Or Just a Shade of Green?

If you're in the market to buy an energy-efficient home, take note of a practice called "greenwashing" that may oversell the true "green." Is it really energy-efficient or are you being misled by a mere lightbulb? More

Knowledge is Power. Really.

Knowledge is Power. Really.

One of the first steps for saving on your utility bills is to determine how much energy your appliances use. What trumps what — the computer, dishwasher or clothes dryer — for making your bills soar? Find out. More

Going Green: Tax Credits & Rebates

Going Green: Tax Credits & Rebates

In the market to make energy-efficient improvements to your home? Be sure to check out federal tax credits and product rebates from your state and local governments and utility company to help offset your up front costs. More

Faces of HARP Success

Faces of HARP Success

Homeowners nationwide continue to reap significant savings by refinancing through the HARP, with an average savings of $2,400 per year. HARP expires at the end of this year - don't let the savings window close on you. More

HARP: Get the Facts and Act Fast

HARP: Get the Facts and Act Fast

Over 3.4 million homeowners have been helped through HARP, yet many eligible homeowners are still sitting on the sidelines due to common myths about the program. Follow along as we deliver the facts. More

$650 Billion And Going Strong

$650 Billion And Going Strong

We're celebrating an important corporate milestone – the transfer of a significant amount of mortgage credit risk on $650 billion in unpaid principal balance of single-family and multifamily loans. More

HARP: Two Ways to Save

HARP: Two Ways to Save

HARP, a federal program launched to help homeowners who owe more on their home than it's worth, helps borrowers save in two ways: through lower rates and lower terms. Find out if you're eligible for HARP and act fast as the program ends soon! More

4 Tips to Keep Your Cool on Closing Day

4 Tips to Keep Your Cool on Closing Day

The thing you'll probably remember years later about your closing is how many times you had to sign your name. No need to feel overwhelmed! Following these tips will help you stay calm, cool, and collected during your closing. More

Celebrating National Homeownership Month

Celebrating National Homeownership Month

Today kicks off the 14th annual National Homeownership month, a celebration focusing the nation's attention on homeownership's benefits to families and communities and demystifying the homebuying process. More

Dear Seller, Pick Me

Dear Seller, Pick Me

Congratulations, you’ve found the home of your dreams! Before you submit an offer, you may want to include one thing to set you apart from the competition — a letter to the seller. More

Who Let the Bugs In?

Who Let the Bugs In?

Spring has sprung and so have the bugs and rodents seeking to invade homes. Whether you are looking at homes to purchase or are a homeowner, there's no time like the present to inspect a home's exterior, especially after the long winter season, which can make it more inviting to house-hunting pests. More

Borrower Help Centers Guide the Path to Homeownership

Borrower Help Centers Guide the Path to Homeownership

The journey toward owning a home can seem long and winding, especially if you're a first-time homebuyer. A housing counselor can help you map a clear path and guide your way forward. Freddie Mac's Borrower Help Centers and Borrower Help Network offer the trustworthy, one-to-one help you may want. More

3 Tips to Find "the One"

3 Tips to Find

You’ve pored over local real estate listings and watched hours of house hunting shows. You’re ready to take the plunge and start seriously looking for a new home. How can you make sure you pick the right one? More

Avoid These 7 Borrowing Pitfalls

Avoid These 7 Borrowing Pitfalls

Because lending transactions often seem complicated, it's not unusual for borrowers to rely on the expertise of professionals for guidance. But what if the "professional" you choose is actually a scam artist or predator looking to push you into a costly or risky situation? More

How Much Home Can You Afford?

How Much Home Can You Afford?

Condo? Fixer-upper? McMansion? Starter home? Town house? Tiny house? Before you start looking seriously at buying ANY kind of home this spring, you'll first need to answer the single-most important question: How much home can I afford? More

You've Got Mail

You've Got Mail

Do you want to know more about buying or renting a home, the housing market and housing finance? It's quick and easy when you sign up for our weekly roundup. More

How It Works: The Closing Process

How It Works: The Closing Process

You'll sign many important documents at closing, the final step in the homebuying process when the property is legally transferred to you. Learn more about what to expect at closing and how it all comes together. More

How It Works: The Secondary Mortgage Market

How It Works:  The Secondary Mortgage Market

Follow along with our new blog series, where we discuss how things work in the mortgage market, from underwriting your loan to credit risk transfer. To kick off the series, we introduce you to the inner workings of the secondary mortgage market. More

The Top 10

The Top 10

The results are in. We've run the numbers and here are 10 most-read posts of 2015. See what interesting topics you might have missed. More

Get Ready, Here Comes Winter

Get Ready, Here Comes Winter

Winter is off to a mild start in many places across the country but, depending on where you live, that’ll change soon enough. So take this time to prepare yourself and your home for the wintry weather ahead. More

Refinancing: What to Expect

Refinancing: What to Expect

Throughout the term of your mortgage, you may choose to refinance. Find out what you can you expect from the refinance process and how it can affect your wallet – short- and long-term. More

Getting Down to Brass Tacks: Escrow

Getting Down to Brass Tacks: Escrow

You've done your homework and are ready to own a home. You know what you can afford and understand your rate and terms. And just when you thought you had all the real estate lingo down, a new term came along: escrow. What is it and do I need it? More

10 States with the Highest Foreclosure Rates

10 States with the Highest Foreclosure Rates

The national foreclosure rate reached a 19-month high in May, according to real estate information company RealtyTrac. As reported in USA Today, the rise is largely the result of a bottleneck of older foreclosures finally being pushed through the process. More

May Home Sales

May Home Sales

With new home sales data out for May, we're currently running 17,000 home sales (non-seasonally adjusted) above the May 2013 rate keeping us on track for the best year in home sales since 2007. More

4 Reasons Home Sales Are Surging

4 Reasons Home Sales Are Surging

Reports the Associated Press: "Home sales are on pace for their best year since 2007. First-time buyers are streaming back into the market." Why all the activity now after so many years of sluggishness? More

Get CreditSmart

Get CreditSmart

April is National Financial Literacy Month and a good reminder of how important it is to be financially literate. It's especially key if you're thinking about buying a home. Learn more about the tools you need to become a successful homeowner. More

Did You Know?

Did You Know?

If you're in the market to buy a home, it's good to be in-the-know. We're here to share some fun and interesting housing-related facts to keep you sharp and entertained. More

From ARMs to PMI, 10 Terms You Should Know

From ARMs to PMI, 10 Terms You Should Know

In just a short time, you'll notice For Sale signs sprinkled throughout your neighborhood. If you're a first-time homebuyer, ask yourself: Am I ready to talk the housing market talk? Your words are important and we're here to help you talk wisely. More

Spring Forward to Buying a Home

Spring Forward to Buying a Home

The crocuses will be poking up soon, and, with the change in weather, the housing market, too, will be warming up. Our new blog series on the Spring Homebuying Season starts this week — to help you get ready to buy a home. More

4 Tips to Finding a House You Love

4 Tips to Finding a House You Love

Buying a home can be an emotional experience. It's a big investment, and you want to be happy with your home. If you're ready to buy, here are a few tips — along with pitfalls to avoid. Let's start with 'Don’t fall in love with a house you can't afford'. More

Location, Location, Location... And Your Commute

Location, Location, Location... And Your Commute

The "location, location, location" mantra is important for many reasons — including your commute. Where you decide to live can mean the difference between commuting 15 or 90 minutes each way. Before you buy, do your homework and test the drive, not just once but twice. More

Are You Making Home Improvements? You're Not Alone

Are You Making Home Improvements? You're Not Alone

Home improvements and repairs — a $300 billion industry — are back on the rise and now generate about 1.8% of U.S. economic activity. A new report shows the U.S. home improvement industry is faring much better than the broader housing market. So who are our big spenders, and where do they live? More

The Urban Flock

The Urban Flock

Remember when families flocked to the suburbs to trade the "congestion and pollution" of city life for tree-lined streets and manicured lawns? We do, too, but today's market is eyeing the urban core. More

Boomerang Buyers Are Bouncing Back

Boomerang Buyers Are Bouncing Back

Boomerang buyers, those who lost their home during the crisis, are back in the market. In a new report from RealtyTrac, 7.3 million of them will return to the market over the next eight years, peaking at 1.3 million in 2018. More

Baby Boomers & Their Mortgage Debt

Baby Boomers & Their Mortgage Debt

Did You Know? Baby Boomers are carrying much more mortgage debt than earlier generations at this stage in life. The amount Boomers (age 50-69) have left on their mortgage has grown 142% since 1992. More

Best Bang for the Condo Buck

Best Bang for the Condo Buck

In today's purchase market, condos could be the answer for many first-time homebuyers and those with lower and/or limited incomes. See where you get the best bang for your buck. More

4 Resolutions for Prospective Homebuyers

4 Resolutions for Prospective Homebuyers

Look online and you'll find that the most popular New Year's resolutions are to lose weight, get organized and spend less/save more. If you're thinking of buying a home in 2015, we hope you'll add the following 4 resolutions to your list... More

In Good Faith

In Good Faith

Closing costs average about $2,539 – so it's important to understand what your costs will be before you commit to the loan. That’s where the Good Faith Estimate comes in. More

Best of 2014

Best of 2014

The list is made, we've checked it twice. This year's top blog posts have more than sufficed. The proof was there in the numbers, driven by links, Tweets and thousands of clicks. Here's a recap in case you missed them preparing for ole St. Nick. More

Top 6 Remodeling Projects for the Buck

Top 6 Remodeling Projects for the Buck

The six remodels adding the most dollar value at resale are: fixing up the basement, adding a family room, an upscale kitchen remodel, adding a moderate master suite, building a two-story addition and adding an upscale master suite. More

10 for 10

10 for 10

A new research paper examining the effect of payment reduction on default finds that a 10 percent payment reduction decreases expected defaults by 10 to 11 percent. More

The $1.5 M Question: Rent vs. Buy?

The $1.5 M Question: Rent vs. Buy?

Mike and Jen can afford $1,400 per month on housing and have saved $10,000 for a down payment. But, they're left wondering which option – renting or buying – makes best financial sense. Lets find out. More

Lower Interest Rates for Service Members

Lower Interest Rates for Service Members

A new White House program aims to increase mortgage benefits to service members. Participating banks and institutions will contact eligible military personnel to offer mortgage relief, including a six percent interest rate cap. More

Supersizing the American Dream

Supersizing the American Dream

Did you know that new homes today are 61% larger than in 1973? And, while the size of new homes has increased, the average household size has decreased, giving us even more living space. More

Why People Rent: Survey Says...

Why People Rent:  Survey Says...

Did you know in a recent survey more than 55% of people gave this reason why they’d rent instead of buy: not enough savings or too much debt. At the bottom of the list? Concern housing prices might fall. More

529: It's not Just for College Savings

529: It's not Just for College Savings

529 is not just a college savings plan. It's also the amount of the reduction in your monthly mortgage payment had you completed a Home Affordable Mortgage Program (HAMP) loan modification over the last five years. Learn if HAMP is right for you. More

Who's Who?

Who's Who?

The homebuying process: It's exciting, can be intimidating and there are a lot of people involved. The good news? All these people work hard to make your experience as smooth as possible, including several that will hold your hand throughout the process. Let us introduce you. More

Taking Responsibility

Taking Responsibility

While shopping for your home is fun and exciting, it's important to remember the responsibilities and financial commitments you’ll have as a homeowner. Saving for your down payment and signing on the dotted line are simply the first steps to homeownership. More

Are Americans Paying More or Less for Housing?

Are Americans Paying More or Less for Housing?

Did you know that in some states like Maine 3.3% more of its homeowners were spending more than 30% of their income on housing in 2012 than they were in 2005? In California, the opposite occurred. Looking at renters, we see an almost unilateral increase in their cost burden during the same time period. More

Five Generations in Housing

Five Generations in Housing

Did you know that 76% of first-time homebuyers are Gen Y? And that only 55% of The Silent Generation finances their home purchase? No matter our age, we all play an important role in today’s housing market. More

Dissecting High, Medium and Low Homeownership Rates

Dissecting High, Medium and Low Homeownership Rates

Did you know homeownership rates are very high (80 percent or more) in former Eastern Bloc nations like Romania (97 percent), Slovakia (90 percent), and Bulgaria (87 percent) because a wave of mass privatization following the fall of Communism in the 1990s enabled families living in public housing to take title to their flats at little or no cost? More

Millennials Hold on Homeownership

Millennials Hold on Homeownership

Did you know that the homeownership rate for young Americans under 35 is at its lowest ever? The rate is down to 36 percent for Millennials, our largest generation making up 25 percent of the U.S. population. More

Where Inventory is Better

Where Inventory is Better

Did you know that Florida metros boast some of the best opportunities to buy a home based on inventory? Based on the number of homes for sale per household, Miami-Ft. Lauderdale-Pompano Beach and Tampa-St. Petersburg-Clearwater top the list in inventory across the nation’s major metropolitan areas. More

All in the Family

All in the Family

Did you know that 14 percent of recent homebuyers purchased a home to accommodate growing households as their adult children, siblings or aging parents move in? More

Hot or Not?

Hot or Not?

Whether you live in a hot or cold real estate market could be the best determinant for setting your home’s listing price. New research shows that the largest driver for the optimal initial listing strategy is the health of the local market, not the underlying value of the home. More