picture of scale home, calculator and plants in jars

Article Summary Sales of new single-family homes in the U.S. plummetted to a 14-month low in June. Also, sales in earlier months were lower then previously estimated. An increase in housing prices, expensive lumber and shortages of other building materials are impacting the housing market. Sales of new single-family homes drop Sales of new single-family […]

Housing Market -- Sold sign

The housing market was in good shape this year — so good, in fact, that demand for homes to buy was greater than supply. Some would-be home buyers may have found themselves unable to purchase for a variety of reasons, even as other factors like low interest rates were attractive for buyers. So should you […]

How to save money on mortgage closing costs

A home is probably the most expensive purchase you will make in your lifetime. Even relatively affordable houses cost hundreds of thousands of dollars, and mortgage loans can last decades. As such, choosing the right loan is an essential part of the home buying process. When comparing loans, people often look at the length of […]

SuperMoney mortgage

2021 Mortgage Industry Study

This comprehensive mortgage industry study investigates multiple data sources to reveal important mortgage industry trends and statistics. The mortgage industry plays an integral role in the U.S. economy. In 2020, 36% of people who bought a home paid for it entirely with cash. Everyone else got a mortgage. Mortgages are the only reason many of […]

how to calculate the APR of a loan

The key question to ask when comparing loans is, “how much will this cost me?” Learning how to calculate the APR of a loan will allow you to compare apples to apples when searching for the best deal available. The problem is millions of borrowers don’t even know what an APR is. So, how do […]

Mortgage interest deduction Should you get a mortgage cosigner?

Can you renegotiate your mortgage to get better terms without refinancing? It’s possible. Banks do renegotiate mortgage contracts in certain situations. However, you need to give your lender a good reason. Here’s everything you should know and mortgage renegotiations including valid reason lenders accept, the process, and answers to frequently asked questions. What are valid […]