Why Mortgage Pre-Approval Is Essential for Montgomery Alabama Home Buyers

Why Mortgage Pre-Approval Is Essential for Montgomery Alabama Home Buyers If you're searching for Montgomery Alabama homes for sale, there's one crucial step that separates serious buyers from dreamers: securing mortgage pre-approval. As an experienced Montgomery Alabama realtor, I've witnessed cou

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The 30% Rule is Dead. Here’s the New Way to Budget for a Home

For decades, buyers have been told to follow one simple rule: Don’t spend more than 30% of your income on housing. That is the gold standard. The budget benchmark. The line in the sand between “affordable” and “overextended.” But in 2025, that line no longer seems attainable. According to a Realtor.

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Home Equity Is Surging. Borrowing Just Got Cheaper. Should You Tap In Now or Wait?

Right now, American homeowners are sitting on a record $11.5 trillion in tappable equity. That’s equity you could access without selling your home, while keeping at least a 20% cushion in place. And, with interest rates on home equity lines of credit (HELOCs) falling, this may be the most affordabl

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