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At a 2.50% mortgage rate, around 47% of your very first P&I payment already goes toward principal. For a borrower with a 10.00% interest rate, that share drops to just 5.0% on the first payment ResiClub PRO Report Every fixed-rate mortgage payment has a split between principal and interest (P&I), but the ratio isn't fixed. It shifts every month as your balance shrinks. This is due to amortization: because interest is charged on your remaining balance, and your balance shrinks

If you’re looking for a unique property, you’re in luck! The world’s tallest thermometer recently hit the market for sale! It’s perfect if you happen to have a 134-foot tall roadside attraction with 4+ acres on your wishlist. While you probably aren’t in the market for a giant thermometer in the middle of the desert, it’s a great metaphor for something that happens constantly in real estate. Whether they’re aware of it or not, people often decide whether they should buy a hom

CNBC reported that an estimated 7.9 million renters were actually “income mortgage ready” — meaning they were qualified and could have bought a home — according to an analysis of the 2022 American Community Survey by the U.S. Census Bureau. While some of those folks likely chose to rent instead of buying, many of them might not have been aware that they could qualify for a mortgage, and would have chosen to buy if they’d simply gotten pre-approved and knew they could. If you’

Real estate agents deal with so many different buyers. While every home buyer is different, and there isn’t a book or class that teaches them to say certain things, it’s uncanny how so many different individuals say such similar things during the course of buying a house. What’s even more interesting is how many of the things they say end up being things they either regret, or take a 180 degree turn on over time and change their tune about… Here are the top five “famous last

When people talk about why they’re not sure they can buy a home yet, they usually point to the obvious things. Prices feel high. Interest rates aren’t what they used to be. It sounds like every decent house has ten offers by Sunday night. All of that is real. And for some people, those factors genuinely do make buying unrealistic. But for a lot of first-time buyers, there’s something sitting just below the surface that they may not even be able to pinpoint themselves: the fea

It’s a new year, and if buying a home in 2026 is on your mind, there’s one simple piece of advice worth hearing first: get started now. Not in March. Not in spring. Not “when the weather gets better.” Now. Why? For starters, buying a home takes time. A recent Realtor.com article suggests getting started at least six months before you plan to close. That doesn’t mean starting in January automatically puts you on track for a June closing. In fact, if you get started now, there

Most home buyers would love to know if there’s a secret day on the calendar to get the best deal on a house. It’s understandable considering it’s such a large purchase and many people will line up at dawn for Black Friday, and set price alerts on everything from airfare to air fryers throughout the year. So if there were a magical 24-hour window where homes suddenly went on sale… you’d probably be tempted to try and buy a house on that day if possible, right? Well, accordin

Unless you’re a real estate agent, you probably don’t think about home appraisals more than a few times in your life. (Considering how much time real estate agents spend worrying about them, you’re probably better off!) But when you buy a house, chances are a third-party appraiser will need to inspect the house and analyze whether you’re paying an appropriate amount for it. That’s a good thing, because it ensures you’re not overpaying for a house, but sometimes an appraiser c

Buying a home isn’t an overnight process. (Well, unless you’re a cash buyer, find the perfect home in a single day, and a seller who is able to accommodate such a quick closing!) But for many buyers, it can feel like the process of buying a house takes forever. The good news? A lot of that timeline is in your hands… Real estate agents are patient. They know every buyer has their own pace, and they roll with it. But they also see buyers unintentionally slowing themselves down

For many college grads, student loan debt can feel staggering. Six figures of debt isn’t unusual, and on paper, it can make buying a home...

When you’re buying a house, your real estate agent will do a lot of the heavy lifting and behind-the-scenes work, and much of it will...

Unless you’re living entirely off the grid—or at least in an extremely rural area—having neighbors is a fact of life. Some become...

With home prices and interest rates still relatively high, many potential homeowners are trying to figure out a way to get the best deal...

If real estate agents earned a dollar every time they heard someone say, “I’m waiting until the new year to buy a house,” they wouldn’t...

You probably know you should clean your house and make sure it passes the sniff test before your agent holds an open house. But there are...

The owner of the iconic Breaking Bad house is looking to sell it for $4 million, which is ten times higher than the estimated value....

If you’ve been thinking about buying a house, you’ve probably heard that there aren’t that many homes for sale. And if you’ve been...

If you’re thinking about moving, you might want to dedicate some of that thought to how you feel about buying a place in a homeowners’...

For the past few years, homebuyers have been waiting for a sign that home prices might finally start coming down. Well, after years of...

Thinking about buying a home on your own? Skipping a real estate agent might seem like a great way to save money, but it also means...