Paramount Mortgage - Lender's Blog

Things That Go Bump in the Night

Friday the 13th passed last week, and Halloween looms on the spooky horizon. Surely scary movies, haunted hayrides and frightening stories are on your mind. We even discussed frightful houseguests in a recent blog that may have sent chills up the homeowner’s spine.

The Hours Americans Work to Pay a Mortgage

Many people define the American dream as owning your own home, having a comfortable lifestyle, healthy children, and a secure retirement. But the ability to afford a home varies by location and earnings. This makes apples-to-apples comparisons across the country very difficult.

Best Time of Year to Buy Starter Home

Historically, one time of year stands out above the rest with starter home inventory generally higher and prices typically lower. According to a new Inventory and Price Watch report from Trulia, the best time of year to buy a starter home is fall, or between October 1 and December 31. During this time, 70 of the largest 100 U.S. metros see peak levels of starter home inventory, and home prices begin to fall, eventually hitting their annual lows in January through March.

Frightful House Guests: Spiders, Bats and Other Creatures

October has arrived, which means you don’t have to clean those cobwebs as they are now a part of your Halloween decorations. How’s that for a homeowner hack?

All jokes aside, it’s a great time for a bit of scary fun with decorations, but some real life creatures can make you scream in terror. What is the best way to deal with these little problems?

How to Recover from Credit Card ID Theft

If you learn that a credit card has been opened in your name, you are not legally responsible for the fraudulent charges, but you will have to take quick steps to stop this fraud and remove the account from your credit reports. Here are the steps to take:

1. Call one of the three major credit-reporting agencies. The one you contact will pass the word to the other two. Report the fraud, and ask to have an initial fraud alert placed on your account. This will force creditors to take additional steps to confirm your identity before issuing credit in your name for the next 90 days.

Fall Home Maintenance

A few days ago, we happily welcomed autumn, anticipating beautiful foliage and cooler temperatures. For the happy homeowner, a new season brings a new list of maintenance chores.  Keep your biggest investment in great shape throughout the cooler months, by attending to these tasks.

Facts About First-Time Homebuyers

 

Avoid These 6 First-Time Homebuyer Mistakes

It’s tough being a first-time buyer in today’s housing market. Home prices are at record highs in many parts of the country, often selling for more than the asking price, and going from list to contract in a short time, according to Redfin. Don’t make it even harder (or more expensive) for yourself by making these common mistakes:

Helping Hands

Recently, Hurricane Harvey devastated 33 Texas counties, which are now under federal disaster declaration. Many people have been displaced, losing homes and much more. Hurricane Irma caused widespread, catastrophic damage to parts of Florida.

A Few “Whys” of the Housing Shortage

It’s the usual chorus any time housing data is released: There’s strong demand, but limited supply. The National Association of Realtors’ data which tracks sales of previously owned homes, shows that the number of homes for sale averaged through the first six months of 2017 was the lowest for any first half of the year since at least 1999. While it’s good news for the economy that demand is so strong, the reasons there isn’t enough supply are nuanced. MarketWatch has put together this list of a few:

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