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Moving Can Lead To A Major Emotional Lift

March 19, 2021 by Regine Lane

Moving Can Lead To A Major Emotional LiftThis past year has been stressful for everyone involved. A lot of people have had to spend more time in their house than they ever have in the past. When this is combined with trying to conduct work and school from home, it is easy to see why people are so eager to get out of their house. 

Even though a lot of people are spending more time outside, it might be better to consider moving entirely. The reality is that a lot of people are currently associating their home with a lot of bad memories. Therefore, moving may be a smart idea. What should people consider when moving? 

Think About The Weather In The New Location

First, it is important for everyone to think about the weather. Of course, the first factor is the average temperature. People should look for a location that isn’t too cold or too hot. Ideally, this new home should have a bit of a variety. New experiences can go a long way toward improving people’s emotional health. 

Then, it is smart to take a look at the precipitation level as well. Nobody wants to go an entire year without seeing rain; however, if it rains all the time, this may make it hard to spend time outside. Think about looking for a location that has mostly clear skies with an average precipitation of around 60 inches or so.

Consider the Population Level of the Location

With a general location in mind, it is time to take a closer look at some options. Usually, these are broken down into three separate categories: Urban, suburban, and rural. Largely, this is a personal decision. Individuals who are younger may be looking for a more urban area that has more “stuff” to do. Those children may be looking for a suburban area with more opportunities to play safely outside. The location is also going to dictate housing prices, which will help homebuyers set their budgets. 

Consider Moving For An Emotional Lift

Ultimately, moving can be just the emotional list that people need. It is critical to think about these factors during an upcoming move. That way, everyone can make the right decision to meet their needs.

 

Filed Under: Mortgage Tagged With: Motivation, Moving, Moving Tips

Interesting Facts To Know About Mortgages

March 17, 2021 by Regine Lane

Interesting Facts To Know About MortgagesMany people have heard that there are a lot of changes taking place in the real estate market right now. As a result, a lot of people are thinking about purchasing a new home or refinancing an existing mortgage.

When looking at a mortgage, many people focus on the interest rate, the term of the loan, and the size of the loan. Even though these are all important factors to consider, it might be helpful to take a look at a few fun facts about mortgages as well.

Where Did The Word Come From?

When people take out a student loan, a car loan, or a personal loan, that is exactly what they are called. Why is a home loan called a mortgage? There’s actually comes from an old French word. In French, it was spelled “Mort Gaige,” which stands for deal pledge. Then, when the mortgage was paid off, it was deemed “dead.” This word has carried over into the modern era. 

The Red Door In Scotland

Mortgages are used to provide people with home loans all over the world. This includes Scotland. When homeowners are finished paying off their home loans in Scotland, they paint their door red. For those who plan on traveling to Scotland in the near future, it may be fun to keep an eye open for these red doors. 

Fannie Mae And Freddie Mac Combine For The Majority Of Mortgages In The United States

Most people have heard a Fannie Mae and Freddie Mac. These two entities combine two back close to half of all mortgages in the United States. Therefore, they play a major role in helping people finance their homes. 

Homeowners Depend On Mortgages For Almost All Home Loans

Many people have to go with paying off their mortgage and owning their home outright. This is a great goal to have; however, many people purchase mortgages that are 30 years in length. Therefore, it should come as no surprise that the vast majority of homeowners depend on mortgages for just about every home purchase.

Mortgages Have An Interesting History

Mortgages have an interesting and unique history behind them. As the market continues to pick up, it will be interesting to see what happens next.

 

Filed Under: Mortgage Tagged With: Mortgage, Mortgage Facts, Mortgage History

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