If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a … [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.
2 Trends That Are Keeping Housing Affordable
Two positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate in … [Read more...]
How Long Does It Take To Save For 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 … [Read more...]
How Long Will Mortgage Interest Rates Stay Low?
Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last … [Read more...]
Slaying Today’s Financial Homebuying Myths [INFOGRAPHIC]
Slaying Myths About Buying A Home - Many potential first-time home buyers believe that they have to have a 'perfect' credit score and 15-20% for a down payment. Arming yourself with information about what is really going on in the housing … [Read more...]
46 Million Millennials Are Mortgage Ready. But Do They Know It?
Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream. Millennials have taken longer to obtain traditional milestones than the generations … [Read more...]
Buying A Home? Here Is The Credit Score You Will Need.
There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! Only … [Read more...]
Act Before Your Luck Runs Out! Is It Time To Buy A Home This Spring?
Don't Let Your Luck Run Out! Buy A Home This Spring. Some Highlights: Mortgage Interest Rates for a 30-year fixed rate mortgage have dropped to 4.41% from near 5% in 2018 (talk to a loan officer for your specific rate). Take … [Read more...]
Applying for a Mortgage? Here Are 7 Things To Avoid.
Congratulations! You’ve found a home to buy and have applied for a mortgage! You are undoubtedly excited about the opportunity to decorate your new home! But before you make any big purchases, move any money around, or make any big-time … [Read more...]
Mortgage Interest Rates Hit New 12-Month Low!
According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018! Last week’s survey results … [Read more...]
10 Questions to Ask Your Mortgage Lender
When you're looking for a new house to buy, selecting a property is only half of the battle. You also want to be sure that you're choosing an excellent mortgage lender who will work with you to allow you to purchase the home you want, set … [Read more...]
Mortgage Cost Across Time [INFOGRAPHIC]
When you buy a home, you are basically paying two entities: the seller of the property you are buying, and your lender for the money you are using to buy the home. It is easy to focus on the price of a property because it is easily listed … [Read more...]
Is the Recent Dip in Interest Rates Here to Stay?
Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s … [Read more...]
How to Save Thousands of Dollars in Interest on Your Mortgage
One of the most common loans you can get to buy a home is a 30-year fixed rate mortgage. If the thought of paying for your home over the course of 30-years seems daunting, here are some easy ways to shorten that term which will actually end … [Read more...]
