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In October 1st, 2023, Florida passed a new law protecting the hundreds of dollars HOA members pay each month. This law, called the Homeowners' Association Bill of Rights, requires HOA boards to deliver two-week notices to members before fining or suspending them for not complying with their rules and regulations. It also requires all notices…
Halloween falls on October 31 because the ancient Gaelic festival of Samhain, considered the earliest known root of Halloween, occurred on this day. In the eighth century, Pope Gregory III designated November 1 as a time to praise all saints. Soon, All Saints' Day incorporated some traditions of Samhain and the evening before was known…
The Federal Reserve raised federal interest rates by 75 basis points for the fifth time this year in order to combat inflation. This has caused mortgage rates to reach 15-year highs, making it more difficult for homebuyers. Experts suggest that homebuyers should 'date the rate', meaning they should look at the initial mortgage as a…
With mortgage rates reaching 8% and home prices increasing, it is becoming increasingly difficult for potential homebuyers to qualify for a loan. The Consumer Financial Protection Bureau reported that the overall denial rate for home purchase applications was 9.1% in 2022. To get approved, homebuyers should consider programs such as down payment assistance, set realistic…
Owning a home is a keystone of wealth… both financial affluence and emotional security.
