Posts Tagged ‘Electronic’

Louisiana Mortgage – What You Need to Know Before Buying a Home in Louisiana

March 30th, 2022

Maybe you’re buying your first home in Louisiana, or perhaps you’re relocating to Louisiana from another state. Either way, it’s important that you educate yourself on Louisiana home loans before shopping for a home and mortgage. This article explains what you’ll need to know before buying a home in Louisiana:

After Hurricane Katrina hit Louisiana in the summer of 2005, the entire state of Louisiana was made eligible for public assistance. However, the southern half of Louisiana incurred the majority of damage. Housing prices in the undamaged parts of Louisiana surged 20% as evacuees rushed to purchase new homes.

The median value of a home in Louisiana is currently $85,000; however, it is expected that this amount will rise due to the increase in home prices post-Hurricane Katrina. Newly-constructed homes in damaged areas are expected to be worth much more than they were before they were damaged. Additionally, current interest rates in Louisiana are above the national average.

Louisiana state law does not allow the issuance of home equity lines of credit. It prohibits prepayment penalties and reduced rate options on adjustable-rate mortgages and fixed-period adjustable-rate mortgages. Louisiana also has a Residential Mortgage Lending Act that sets lending conditions on mortgage companies in an attempt to counteract predatory lending.

If you like to cook or bake, then you know just how important it is to protect your kitchen appliances. Replacing ovens, stoves, sinks, dishwashers and refrigerators can quickly become expensive. Consider purchasing Elite Home Protection Plans to keep your wallet safe from unexpected kitchen appliance repairs and replacements. Whether your kitchen appliances are twenty years old or brand new, a home warranty is an excellent investment. Now you can test out that new recipe with confidence.

Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley. Mortgage Broker in Ottawa: What to Look for and How to Find Ottawa Mortgage Broker: Capital Mortgages Capital Mortgages specializes as a service-oriented brokerage that prides itself on integrity and maintaining a service level second to none in the industry. How to Get a Mortgage When You Live in Ottawa