CBC National Bank | First Federal Bank Mortgage

28
Apr
2021

Stimulus Checks And Your New Mortgage

CBC National Bank Mortgage 0 Comment

Most of the focus on stimulus checks has been on “when” they will arrive, but if you are in the market for a new home (and mortgage) you should know how that payment will impact your financing. Part of the latest Covid 19 relief package includes payments and protections for existing borrowers and renters, but what about those who are looking to buy? According to the IRS, here are a few things to know about how your stimulus impacts your upcoming mortgage.

27
Apr
2021

The Potential Pitfalls of Buying a Second Home for Income

CBC National Bank Mortgage 0 Comment

Aside from owning a business, owning rental property has been one of the top investment choices for people, most commonly done through buying a second home. Handled right, income properties can generate significant gains for investors, both in terms of real estate appreciation as well as monthly income from tenants.

26
Apr
2021

What’s Ahead For Mortgage Rates This Week – April 26, 2021

CBC National Bank Financial Reports 0 Comment

Last week’s scheduled economic news included readings on sales of new and previously-owned homes and weekly reports on jobless claims and mortgage rates.

March Sales of Previously-owned Homes Dip; New Home Sales Rise

Sales of single-family homes fell in March as demand for homes exceeded availability. 6.01 million previously-owned homes were sold in March on a seasonally-adjusted annual basis; analysts expected a pace of 6.11 million sales based on February’s reading of 6.24 million sales of existing homes. The March reading for sales of pre-owned homes was 3.70 percent lower year-over-year and was the lowest sales pace reported since August 2020.

23
Apr
2021

Do You Need a Real Estate Attorney to Help Close Your Home Purchase? Let’s Take a Look

CBC National Bank Home Buyer Tips 0 Comment

When buying a new home, you may have a close eye focused on your budget and expenses, and your goal may be to keep related expenses to a minimum. However, you may also be well aware that a real estate purchase is a legal transaction, and you may be wondering if you need to pay for legal services from a real estate attorney.

21
Apr
2021

Do Not Procrastinate On These Spring Maintenance Tasks

CBC National Bank Home Tips 0 Comment

At the flowers begin to bloom and the weather starts to warm up, everyone is thinking about spring cleaning. It is critical to make sure the house is ready for the warmer weather. What are the top spring maintenance tasks that have to be completed? Do not procrastinate on these tasks, as the price could be high.

20
Apr
2021

7 Inexpensive Upgrades You Can Make To Your Rental Property

CBC National Bank Investment Properties 0 Comment

Upgrading your rental doesn’t need to cut deeply into your profits. You can add curb appeal and help prospective tenants see your rental as their next home by making some simple changes. The following upgrades are all things that a handy landlord can do without needing to hire professional contractors.

19
Apr
2021

What’s Ahead For Mortgage Rates This Week – April 19, 2021

CBC National Bank Financial Reports 0 Comment

Last week’s economic news included readings from the National Association of Home Builders on housing markets along with Commerce Department readings on housing starts and building permits issued. Fed Chair Jerome Powell appeared on 60 Minutes. Weekly readings on mortgage rates and jobless claims were also released.

16
Apr
2021

NAHB: Home Builder Confidence Ticks Up in April

CBC National Bank Real Estate 0 Comment

The national reading for home builder confidence rose one point to an index reading of 83 in April; the National Association of Home Builders predicted a reading of 84. Component readings for April’s national index readings were mixed. Builder confidence in current market conditions for single-family homes rose one point to 88. Builder confidence in market conditions for single-family homes in the next six months fell two points to 81 but homebuilder confidence in buyer traffic in new home developments rose two points to an index reading of 75.

15
Apr
2021

It’s Almost Spring Cleaning Time! Kick Clutter To The Curb With These Home Cleaning Tips

CBC National Bank Around The Home 0 Comment

Spring is around the corner, and it’s time to get your home in order!

14
Apr
2021

3 Easy Ways to Put Aside a Bit of Extra Cash So You Can Pay off Your Mortgage Faster

CBC National Bank Home Mortgage Tips 0 Comment

If your personal budget is similar to many other people’s budgets, your home mortgage payment is by far the largest expense that you pay for each month. In fact, this payment may easily account for 20 or 25 percent or more of your take-home income. Understandably, you may be focused on trying to pay this expense off early.

Author: CBC National Bank