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...]
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.
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...]
Quick Facts: VA Home Loans [INFOGRAPHIC]
Some Highlights: The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million veterans and 2 million active duty service members to help them achieve the dream of homeownership. In 2018, $161 … [Read more...]
Hire a Pro and the Mortgage Process Won’t Be Scary
A considerable number of potential buyers shy away from the real estate housing market because they’re uncertain about the buying process – particularly when it comes to qualifying for a mortgage. For many, the mortgage process can be … [Read more...]
Find Out If You Can Afford to Buy a Home Now
The gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today. It is true that home prices and wages are two key … [Read more...]
Buying a House Can Be SCARY… Unless You Know The Financing FACTS [INFOGRAPHIC]
Some Highlights: Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear … [Read more...]
The Mortgage Process and What is Needed to Qualify for a Mortgage Loan [INFOGRAPHIC]
Some Highlights: Many buyers are purchasing homes with down payments as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Your local loan professionals are here to help you determine how … [Read more...]
Here are the FICO® Scores Needed to Qualify for a Mortgage
It’s common knowledge that your FICO® score plays an important role in the homebuying process. However, many buyers have misconceptions regarding what exactly is required to get the loans they need. While a recent announcement from CNBC … [Read more...]
62% of Buyers Begin Process With Incorrect Assumption About Minimum Down Payments
Contrary to common misconception, a down payment is often much less than many believe. According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy … [Read more...]
