Homeowners can save significantly by paying off their mortgages early through various strategies. Setting a clear goal, making biweekly payments, rounding up monthly payments, and using unexpected cash like tax refunds can all help reduce principal and interest. Refinancing to a shorter loan term may also be beneficial, though it requires careful consideration of current rates. It's essential to...
January 2026
Home equity loans allow homeowners to access cash by borrowing against their home equity, typically ranging from $35,000 to $300,000. To qualify, borrowers need at least 15-20% equity, a good credit score (preferably over 700), and a low debt-to-income ratio. The application process involves comparing rates, submitting financial documents, and may take one to two weeks for approval. Alternatives include...
Many future homebuyers are curious about mortgage points, which allow borrowers to pay a fee to reduce their interest rate and lower monthly payments. One point typically costs about 1% of the mortgage and can reduce the rate by approximately 0.25%. The savings depend on how long you stay in the home, with a break-even point indicating when savings equal the cost of the points. Mortgage points can be...
Paying off a mortgage early can save significant interest costs. Increasing monthly payments slightly or making one extra annual payment reduces loan length and interest. Switching to weekly payments aligned with paydays also helps. Refinancing from a 30-year to a 15-year loan cuts interest substantially. However, ensure paying off the mortgage early doesn't hinder other financial goals or debt...
Home sales projected to decline -2.5% in 2026. Median home prices expected to rise 0.6%. Market shows minimal growth. Buyers face slight price increases. Sellers experience steady demand....
Buyers decide within 8 seconds if they want a home, so sellers should de-clutter and de-personalize to make spaces inviting. Consult a realtor before major renovations, focusing on cost-effective updates like kitchen and bathroom fixtures or fresh paint. Explore lender programs that offer financial credits to sellers. Being prepared is crucial in a competitive market. Continue to full...
Qualifying for a mortgage involves lenders reviewing your finances, including income, debts, and assets. Key documents include tax returns, W-2s, and credit reports. To improve your chances, maintain a good credit score, lower your debt-to-income (DTI) ratio, and save for a larger down payment. Avoid job changes during the application process and consider a co-borrower if needed. Obtaining a mortgage...
Las Vegas–Henderson–North Las Vegas, NV is projected to see a modest monthly housing cost decline among the top 50 US metros in 2026. Monthly housing payments in the Las Vegas area are projected to fall 2.50% yearly, averaging ~$2,361/mo. Lower mortgage rates combined with modest home price growth are expected to reduce monthly housing costs. Las Vegas...
Shopping for a mortgage involves understanding mortgage points, which allow borrowers to pay a fee to lower their interest rate and monthly payments. Typically, one point costs about 1% of the mortgage and reduces the rate by 0.25%. The savings depend on how long you stay in the home. Points can also be used with adjustable-rate mortgages, but the discount applies only during the initial fixed-rate...
Las Vegas housing market shows slower sales and lower prices. Median home price in October was $474,370, down 0.2% from last year, while condos dropped 9.5% to $285,000. Listings without offers rose over 30% for homes and nearly 48% for condos. Sales fell 10.1% for homes and 8.9% for condos. Housing supply increased to over 4.5 months, favoring buyers. Cash sales rose to 26.5%, with distressed sales...