On July 26, 2023 the central bank’s Federal Open Market Committee (FOMC) raised its funds rate by a quarter percentage point. It is questionable as to whether there will be any additional increases this year. The increase is the 11th time the FOMC has raised rates since March 2022. The fed funds rate sets what banks […]
Category: LBI Real Estate
LBI Real Estate HELOC
People have asked if it is possible to close on a Home Equity Line of Credit (HELOC) the same day they close on the purchase of Real Estate that they would like the HELOC against. Although there could be circumstances in which one could close on a HELOC on the same day they close […]