We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of … [Read more...]
Financing a Home Purchase
The following articles will give you more insight into factors around financing a home purchase. When you reach a point where you think you want to buy, please let me know and I will connect you to a fantastic local lender that can answer your questions and speak specifically to your situation.
Compare Home Mortgage Interest Rates by Decade [INFOGRAPHIC]
Some Highlights Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home. Locking in a low rate today could save you thousands of … [Read more...]
Do Home Buyers Need a 20% Down Payment?
Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the … [Read more...]
Over 6 Million Homeowners Entered a Forbearance Plan. How Will This Affect the Housing Market?
According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the … [Read more...]
Here is a Primer on Forbearance and Mortgage Relief Options
Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. To assist in this … [Read more...]
Exposing the Mortgage Down Payment Myth for Homebuyers
One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down. A recent survey … [Read more...]
Understanding How the Economy Works
Buying a house is a major life purchase and, given the significance of this purchase, just the idea of buying a house may generate many questions and some anxiety. One factor you may consider when buying a house is the economy and how it … [Read more...]
Why Homebuyers Need a Mortgage Loan Pre-Approval Before Submitting an Offer
You may have heard that mortgage loan pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a house that’s outside your budget is very real. … [Read more...]
Mortgage Forbearance Numbers During COVID Much Less Than Expected
Originally, some housing industry analysts were concerned that the mortgage forbearance program (which allows families to delay payments to a later date) could lead to an increase in foreclosures when forbearances end. Some even worried … [Read more...]
Mortgage Loan Interest Rates Near Historic Lows [INFOGRAPHIC]
Some Highlights Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level. Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan. … [Read more...]
Today’s Mortgage Cost Compared To Prior Decades [INFOGRAPHIC]
Comparing the average mortgage interest rate and payment over the past several decades to today... … [Read more...]
Debunking Two Myths That Hold Back Home Buyers
In a recent article, First American shared how millennials are not really any different from previous generations when it comes to the goal of homeownership; it is still a huge part of their American Dream. The piece, however, also … [Read more...]
Mortgage Credit Availability Looks Very Different Today Than In 2008
Some are afraid the real estate market may be looking a lot like it did prior to the housing crash in 2008. One of the factors they’re pointing at is the availability of mortgage money. Recent articles about the availability of low down … [Read more...]
A Meaningful Benefit for Veterans: the VA Home Loan
Today, on Veterans Day, we salute those who have served our country in war or peace, and we thank them for their sacrifice. This year marks the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, … [Read more...]
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