In recent years, we have witnessed a notable increase in many household costs, including home insurance rates and interest rates. While cost fluctuations are influenced by a number of factors, one thing is for sure: These changes can have a direct impact on your mortgage payments, particularly through your escrow account.
Homeowners insurance isn't a luxury; it's a necessity. And not just because it protects your home and possessions against damage or theft. Mortgage companies generally require borrowers to have insurance coverage for the full or fair value of a property (usually the purchase price), andwon't make a loan or finance a residential real estate transaction without proof of it.Homeowners insurance costs can vary by insurance carrier, and there are many things that can affect the cost of covering your home. Let’s explore some of those.
As the housing market evolves, new opportunities for affordability have emerged, offeringprospectivehomebuyers greater flexibility in achieving their homeownership dreams. Let’s explore some options that have come to the forefront recently, including the 40-year mortgage and temporary buydowns. By understanding your financial options and defining the “must-have”features in your future home, you can make informed decisions to boost yourbuying power and make your homeownership dreams a reality.
The four pillars of Mobility, Stability, Purpose and Prosperity provide a basis for the impact that the Carrington Charitable Foundation (CCF), the nonprofit organization of the Carrington family of companies, makes in our communities. On July 21, 2023, CCFsponsored the 9th Annual American Heroes Dinner, hosted by the Honoring the Sacrifice Foundation, a registered nonprofit organization. Retired U.S. Marine Corps General John F. Kelly spoke on behalf of the Veteran community and their families, and the tremendous sacrifice each gave for the liberty and freedom our citizens enjoy.
Applying for Mortgage Assistance?
Our commitment to you is to provide support at every step of your homeownership journey, wherever you may be. Navigating the Mortgage Assistance process should not be an added layer of stress when trying to understand your options.
With today’s high-interest rates and affordability challenges, many homebuyers are focused on making the most out of their budget when purchasing a home.
Regardless of where you live, it’s important to have your home prepared for a potential natural disaster. If you experience a natural disaster, we are here to help. Please visit our Disaster Assistance page for resources available to you if you are impacted.
Buying a home or refinancing** in today’s market is costly, but we’re dedicated to making homeownership simple and attainable. One way that Carrington is helping homeowners with current affordability challenges is by offering our new 40-year mortgage, available on certain loan types. We’ve compiled some information and benefits about 40-year mortgages below to help you determine if a 40-year mortgage is right for you.
At Carrington, we understand how important it is to have the information you need available at the right time, and it’s our job to ensure you are aware of any situation that may affect your mortgage or online account.
Summer has officially started, and that can only mean one thing – outdoor gatherings with friends and family! If you’re looking for some inspiration for your next big cookout, then you’ve come to the right place. From delectable sides and salads to dessert, we’ve got everything you need to make your next BBQ a hit!
