As home prices continue to rise, more buyers are pooling resources to enter the market, whether as friends, siblings, or unmarried partners. But buying a home together is only the beginning. From mortgage payments and property taxes to repairs and utility bills, co-owners take on a range of financial responsibilities that need to be shared
Even the most powerful couple in music has a mortgage — or two. Beyoncé and Jay-Z took out a $57.75 million mortgage on their Bel Air mansion in Los Angeles, the Daily Mail reported. The superstar pair boasts a combined estimated net worth of $3 billion and an impressive real estate portfolio on both coasts,
A recent Cotality report shed light on alarming data around mortgage delinquency rates. While rates declined in the past three years, that trend began reversing course in mid-2024. Cotality found that half the states experienced this uptick, but it was much more pronounced in places such as Florida, South Carolina, and Georgia, which have “faced considerable
Mortgage rates this week for a 30-year fixed loan decreased to 6.74%, down from 6.75% last week. So what impact does this have on your monthly mortgage payment? And what does this mean for homebuyers? Here’s the monthly cost of purchasing a typical home today, according to the Realtor.com® mortgage calculator. Monthly mortgage payment today
Mortgage rates this week for a 30-year fixed loan increased to 6.75%, up from 6.72% last week. So what impact does this have on your monthly mortgage payment? And what does this mean for homebuyers? Here’s the monthly cost of purchasing a typical home today, according to the Realtor.com® mortgage calculator. Monthly mortgage payment today with a
High home prices and mortgage rates have made it much harder for Americans—especially first-time buyers—to purchase homes. Many current homeowners, especially those with low or no mortgage payments, are staying put rather than selling, further limiting supply and keeping prices high. Now that more Americans own their homes outright and are building wealth, fewer are
Janelle from Raleigh, North Carolina, says she “did the ultimate no-no” when she bought a house with someone to whom she wasn’t married. After about a year, they broke up and she moved out. Now, they’re four months behind in mortgage payments, haven’t been able to sell the house and are facing foreclosure. She’s also
A reverse mortgage is a type of home loan for older homeowners who have significant equity in their property. Rather than making monthly mortgage payments to a lender every month to pay down your balance, the reverse mortgage lender sends you payments as you tap your home’s equity. It can be a good source of