If you’ve spent any time reading or listening to the news, you’ve likely heard mention of “the Fed,” a somewhat ominous and very mysterious organization that seems to have tremendous power. But what exactly is the Fed and what does it have to do with the price of tea? In actuality, the Fed, short for Federal Reserve, has a lot to do with the cost of just about everything, including how much you have to pay for a home. Read on →

If you’ve spent any time looking at pictures of homes for sale, going to open house events or even watching home shows on TV, you’ve seen staging. If it was done well, you didn’t even notice you were looking at it, though. Staging, quite simply, is a bit of marketing used in home sales. It ranges from the simple (putting out some vases of fresh flowers and lighting a candle or two) to the very involved, which might include bringing in a complete house’s worth of brand-new furniture. Read on →

For many first-time buyers, one of the most significant surprises of purchasing a home is the monthly private mortgage insurance charge tacked onto their payments. For those just starting out who don’t have a significant down payment saved up, the cost is predictable but often unexpected. Private mortgage insurance (PMI) is typically collected by the lender on conventional loans funded with down payments of less than 20%. It provides a bit of protection for lenders against default and thereby helps keeps rates for everyone lower since it helps cover costs of default. Read on →

Summer is the season of the honeydew and the honey-do, the time when we get to all those home projects that are either impossible or too unpleasant during colder times. We’re in the thick of it now, but before you know it we’ll be digging out our winter coats again. If you haven’t gotten to all the items on your list for this summer or don’t know where to start, here are some projects that are perfect for this season and can even prepare you for the ones ahead: Read on →

When it comes to water leaks in your home, some are obvious because they leave floors soggy or mark walls or ceilings with stains. However, other water loss can be hidden—and you may not realize it’s happening, though you might notice your utility bills climbing. Whether you suspect there’s a leak somewhere or you don’t yet have a reason to think anything’s going on, there are some signs you can keep an eye out for to help you discover water loss. Read on →

If you pay attention to home improvement shows or publications, there’s a good chance you know there are some home improvement projects that can increase the resale value of your property. You may also know some projects many people expect to pay off in the end often don’t. Regardless of how much you know about what projects pay dividends and which don’t, here are some pointers on choosing efforts that will actually help when it comes time to sell. Read on →

As vast swaths of the American economy were shut down in recent months, the economy took quite a hit. Unemployment rates hit record levels in more than half of states and major business sectors, including retail and food service, experienced revenue drops of as much as 75%. Despite all that, there is one bright spot for many Americans: Their largest investments, their homes, are so far holding their values. There’s a good chance you’ve heard anecdotal evidence of this by way of stories of people selling their homes at asking price or above in a matter of hours or days after listing. Read on →

The answer to the question posed in the title here is mixed and depends entirely on the circumstances of your working from home. As millions of people were moved into remote work by their companies in the last few months to reduce exposure in the spread of the coronavirus, interest in this question peaked. Unfortunately for most, if not all, of those folks, the answer as of 2018 is no, there is no opportunity for deductions for home office space. Read on →

Purchasing a home during a pandemic was probably not what you originally had in mind when going on the hunt for the perfect home. But you shouldn’t let that stop you from going on the search for the home of your dreams, as there are still plenty of fun ways to go house-hunting during this time. Our team at Journey Home Lending wants to share some tips about how you can conquer the house-hunt experience during the pandemic: Read on →

What better investment is there than investing in yourself? One big way that you can invest in yourself is through home ownership. But are you ready? Our team at Journey Home Lending wants you to know the benefits that can come with investing in a home, as well as the steps you need to take in order to make buying a home happen sooner rather than later. Make the Right Investment for You There are a number of reasons why investing in a home is a good idea. Read on →