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In the dynamic world of the American economy, one institution holds the reins, steering the course—the Federal Reserve, affectionately known as the "Fed." As the guardian of monetary policy, it exerts a potent influence on various aspects of our fin
Jan 16, 2024 | Purchasing a Home Interest Rates
In the relentless pursuit of homeownership, we inevitably face obstacles. A denied mortgage application can be a tough pill to swallow, but let's not forget it's merely a temporary detour on your journey towards owning your dream home. In this article, we
Jan 11, 2024 | Purchasing a Home
We've been in a seller's market for a while now; the pandemic stirred up massive demand for more residential space, and the supply of homes has not been able to keep up since then. A seller's market can present unique challenges and opportunities for pros
Jan 09, 2024 | Purchasing a Home
After a steady climb over the past year, as of December 2023 mortgage interest rates have mercifully dipped almost a full percentage point from their peak. It may be a good time to refinance your current mortgage. Here's what you need to know about the wh
Jan 04, 2024 | Refinancing a Home
Amidst escalating home prices and rising interest rates, a notable trend is gaining traction among Gen Z and millennial homebuyers: "house hacking." This innovative strategy involves renting out a part or the entirety of a home to generate supplementary i
Jan 02, 2024 | Purchasing a Home
As we step into a new year, we want to express our gratitude for making Elite Residential Lending a part of your homeownership journey. The past year has been filled with shared experiences and milestones, and we're excited about the journey that lies ahe
Jan 01, 2024 |