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The shorter days bring on longer evenings to snuggle in and enjoy a cozy fire, catch up on a good book, or prepare for the holidays that are upon us. However you choose to spend it, embrace the beauty of the season remembering to slow down and enjoy the moments that create memories.
What FICO® Score Do You Need to Qualify for a Mortgage? While a recent announcement from CNBC shares that the average national FICO® score has reached an all-time high of 706, the good news for potential buyers is that you don’t need a score that high to qualify for a mortgage. Let’s unpack the credit score myth so …
Experts Predict a Strong Housing Market for the Rest of 2019 We’re in the back half of the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the predictions are for housing market in the remainder of 2019. Here’s what some of the experts …
3 Powerful Reasons to Buy a Home Now Whether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a home. Here are three major reasons to buy today. 1. Affordability Many people focus solely on price when talking about home affordability. …
What You Need to Know About Private Mortgage Insurance (PMI) Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you …
May is National Military Appreciation Month and Monday is Memorial Day! We are deeply appreciative and grateful to the men and woman who serve and have served our country in the Armed Forces. We owe our very lifestyles and daily freedoms to those who have sacrificed throughout history to protect them. https://youtu.be/NOcl17HIa7c We have …
The Cost of Rent vs. Buy This Spring The age old battle of weather to rent or buy a home continues but is changing more than you might think. Check these numbers out. They may just be enough to motivate you to purchase your next home. Some Highlights: Historically, the choice between weather you rent …
How Quickly Can You Save Your Down Payment? Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in …
4 Reasons to Buy a Home in the Spring Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% over the last 12 months. …
One More Time… You Do Not Need 20% Down to Buy a Home. Is your saving enough? The largest obstacle renters face when planning to buy a home is saving for a down payment. This challenge is amplified by rising rents, which has eaten into the amount of money renters have leftover for savings each …
Whose Mortgage Do You Want to Pay? Yours or Your Landlord’s? There are some people who haven’t purchased homes because they are uncomfortable taking on the obligation of a mortgage. However, everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage. It is either yours or your landlord's. …
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Where Are Interest Rates Headed in 2019? The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is …
2 Myths Holding Back Home Buyers Qualifying for a home loan is not as difficult as many believe. Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of …
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Pre-Approval: Your 1st Step in Buying a Home In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is …
Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5% (or more) over the next twelve months. One major challenge in such a market …
How Current Interest Rates Can Have a High Impact on Your Purchasing Power According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your …
Getting a mortgage today is a lot like swimming in a pool filled with sharks. My role is to help you navigate these dangerous waters and get you to the other side safely. Here's the biggest shark we'll need to watch out for: Government Regulator sharks. The US government has basically recruited the entire financial …
Continue reading "How to swim with the mortgage sharks (and not get eaten alive)."
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