5 Tips To Avoid Personal Finance Trouble When Buying A Home

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Fed announces interest-rate decision

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Anthony Thomas has come a long way from growing up in Western Australia to starting his own farm-to-table beef business in Houston.

At 48 stories, the Laurel is the tallest residential tower in Philadelphia. The nearly $4.3 million condo on the 35th floor is the first in the Rittenhouse Square building's Sky Residences being marketed for rent.

Two gigantic developments — Bluhawk in Overland Park and Homefield in KCK — will start coming online next year to help address the seemingly ever-growing demand for youth sports facilities. It's an estimated $30 billion to $40 billion annual industry nationwide — meaning it's not just fun and games.

One of the region's largest companies appears to be planning an almost $20 million project. The $700 million healthcare giant expects to create dozens of jobs. Find out more.

An amenity-rich home on the Bristlecone Pines golf course in Hartland is on the market for $1,695,000. See inside the luxury property, which features a pool and an indoor sports court.

After years of record-low mortgage rates, many homebuyers are frustrated by paying more than 8 percent interest to buy a new home.

“Nobody loves rates in the high 7s or 8s, but they’re not sticker shocked like they were in the beginning,” said Nicole Rueth, senior vice president of The Rueth Team powered by Movement Mortgage.

However, using mortgage strategies can reduce monthly payments and save thousands over the loan’s lifetime.

Rate buydowns
These strategies include 3-2-1 or 2-1 rate temporary buydowns on fixed-rate mortgages, permanent rate buydowns, adjustable-rate mortgages, cash purchases, and utilizing down payment assistance programs.

A 3-2-1 mortgage buydown reduces the interest rate by 3% in the first year, 2% in the second year, and 1% in the third year. After the buydown period ends, the mortgage reverts to the original rate.

A 2-1 buydown lowers the mortgage interest rate for the first two years before it rises to its regular, permanent rate.

“For most people, it w..

El Camino is spending $169 million on a three-phase project to revamp the Orchard Pavilion for Women’s and Newborn Services.

Dan Robb was the bankers association vice chair in 2020 and chair-elect in 2021. He became involved in the national trade group because of his work with the Missouri Bankers Association. He was that group’s chairman from 2014 to 2015.

To qualify for the 'Missing Middle' property tax emption, potential project owners need to keep some key requirements and dates in mind. Read on to find out what's needed.

Nationally, 17% of homes under contract fell through in October, according to Redfin. That's the highest rate since the real estate platform began tracking the statistic in 2017.