“No-income mortgage loans offer a lifeline to borrowers without traditional income proof. Typically designed for self-employed individuals but can be used by non-self-employed individuals too. Typically, a borrower with irregular income. These loans assess creditworthiness through alternative means like bank statements and/or assets. While they widen access to homeownership, they often carry higher interest rates…

 NATIONAL MARKET UPDATE  Residential construction spending headed up 0.9% in April, and is now 18.4% ahead of a year ago. Spending on new single-family home building gained 0.5%, while new multifamily spending increased 0.8%.The national Case-Shiller Home Price Index saw record increases of 2.6% in March, and 20.6% annually. The FHFA index of prices for…

Babies bring joy and excitement. They also bring substantial adjustments to the family budget! According to U.S. News and World Report, after adjusting for inflation, it costs about $267,233 in 2021 dollars to raise a baby to age 18 (based on previously published Bureau of Labor Statistics data). That’s a daunting number, to be sure.…