May 26, 2022 | For Buyers, For Sellers, Home Financing, Market Trends, Real Estate
The market seems to be reaching a tipping point. While home prices are still climbing nationally, the increased mortgage costs have also pushed some buyers out of the market. National home sales fell 2.7% in March, and mortgage applications dropped 5% in mid-April. ...
Apr 28, 2022 | For Buyers, Home Financing, Market Trends, Real Estate
Homebuyers could soon catch a break in this hot seller’s market. Sellers lowered prices and housing inventory grew after the average 30 year, fixed-rate mortgage passed 5% last week. Specifically, for the four weeks ending April 3rd, sellers dropped their asking...
Apr 26, 2022 | For Buyers, Home Financing, Real Estate, Rent vs Own
From checking how much you are likely to be able to borrow to planning ahead of an application. Get a Realistic Figure One of the first things you should do is get a realistic idea of how much you’ll likely be able to borrow so you can determine if it is worth...
Mar 2, 2022 | For Buyers, Home Financing, Uncategorized
Down Payments are the Only Up-Front Cost Not True. As nice as it is to think the only money you need is your down payment, it’s important to keep closing costs in mind. Buyers can expect to pay 3% – 5% of the loan amount in closing costs. This is an important...
Feb 16, 2022 | For Buyers, Home Financing, Market Trends, Real Estate, Rent vs Own
The recent increase in mortgage rates may cause uncertainty. I want to share some things with homebuyers: The Interest Rate On Rent Is 100%. Remember that when you hear of 4%, 5% or even 6% interest rates. Affordability Can Change. Raising rates can affect what...
Feb 2, 2022 | Downsizing, For Homeowners, Home Financing
Advantages of Paying Off Your Mortgage Early Eliminate monthly mortgage expense – freeing up income for other things such as travel, investing, savings, and/or home improvements Save money in interest What to Consider Before Paying Off Your Mortgage Have you...
