Personal Finance tagged posts

How Much Real Estate Brokers And Real Estate Agents Earn In Every State

Last year, we took a look at how much real estate agents earn on average in all 50 states based on data from the Bureau of Labor Statistics’ (BLS) 2018 Occupational Employment Statistics data. Now, in 2020, the BLS has updated salary figures for both real estate agents and real estate brokers. Based on the latest BLS data, the average real estate agent annual wage in the United States is $62,060, while the average annual wage for real estate brokers is $81,450.

These two occupations inevitably have very different salaries depending on where you’re working...

Read More

What COVID-19 Means For Your Mortgage

What does Coronavirus mean for your mortgage?

Here’s what you need to know – and what to do about it.

Mortgage Relief

You may have heard that the CARES Act – the $2 trillion financial stimulus package – provides multiple benefits for student loans and student loan forgiveness. However, the CARES Act also offers mortgage relief. Like student loans, the CARES Act has two primary protections for homeowners who have mortgages owned or backed by the federal government. This means your mortgage can come through Fannie Mae, Freddie Mac or the U.S. Department of Veteran’s Affair (VA) to name a few. For these mortgages, the CARES provides the following:

  1. No foreclosures for 60 days after March 18, 2020; and
  2. If you experience financial hardship due to the COVID-19 pandemic, you can...

Read More

5 New Year’s Resolutions That Can Help You Buy a Home

New year, new home? Whip your financial resume into shape to improve your home-buying odds.

Thinking of buying a home this year? We compiled five New Year’s resolutions that can help you keep your financial resume in tiptop shape.

1. Avoid job hopping

Employment history and income are two of the biggest factors lenders look at when evaluating a mortgage application. A new job may be a good career move, but if you plan to buy a home in the new year, know that job hopping can be a red flag to some underwriters — especially if you’re moving to a different industry.

A steady job history and few or no gaps in employment over the past two years are ideal, as it helps lenders more easily forecast your future income.

If you do get a new job while home shopping, let your lender know as soon ...

Read More