4 ways homebuyers can solve appraisal gaps

Before you can get a mortgage to buy a home, your lender’s appraiser typically must agree that the home is worth at least as much as the sales price. If the home appraisal value comes up short, a situation called an appraisal gap is created, and you won’t be able to secure your loan for your purchase until the gap is resolved. This situation is rare, but in today’s hot real estate market, it’s becoming more common. Here are four ways you can close an appraisal gap if it arises.

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Should you choose an adjustable-rate mortgage?

Mortgage rates are still near historic lows, but they’ve been trending upward recently. If you’re looking for a better deal on your home financing – whether to buy a new home or to refinance a current one – an adjustable-rate mortgage (ARM) may be one solution. Here’s what you need to know about ARMs and how to decide if they’re right for your home financing needs.

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How to create a workspace in your home

Whether you work from home, have school-aged children or just want a conducive space for computer use or household paperwork, a dedicated home workspace can be a worthwhile investment. How you set up your space can impact mood, focus, creativity, productivity, comfort and even health. With that in mind, here’s what to consider when creating a home workspace where you can do your best work.

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Why more homebuyers are bidding above asking price

Buying a home has traditionally involved negotiating the sale price down from the seller’s asking price. Recently, however, the opposite has become common. Thanks to the hot real estate market, as many as half of all home sales now close for more than asking price. Here’s why this is occurring and how you can decide what to bid when buying a home.

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4 tips for avoiding higher expenses from inflation

You don’t need to hear it from us – the price of just about everything has been rising due to inflation. Supply chain snarls, labor shortages and government policy have all contributed to one of the highest inflation rates the U.S. has seen in nearly 40 years. While there’s no magic solution to avoiding higher prices, these four tips may help reduce some of your bigger and smaller costs.

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