What is Really Happening with Home Prices? Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year. However, a stronger-than-expectedContinue reading “What’s Going On With Home Values???”
Tag Archives: purchase
Buying a Home When You’re Younger Increases Your Odds of Building Wealth
Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set. “Today’s older adults became homeowners at a younger age than today’s young adults. Half theContinue reading “Buying a Home When You’re Younger Increases Your Odds of Building Wealth”
I can afford the home, but I can’t afford the entire down payment. What should I do?
AFMSI d/b/a Region Mortgage NMLS ID 179785 Little down payment does not mean they are an unqualified buyer Welcome back everyone! This week I want to discuss something that comes up quite frequently in my line of work. I hear it constantly from 1st time home buyers. They have a good job, they pay theirContinue reading “I can afford the home, but I can’t afford the entire down payment. What should I do?”
Closing Costs? Why Pay Them? Who Pays Them? I Don’t Like It
Some of the most common phrases that I hear when talking with buyers are, “What are closing costs? Who pays them? Why are there closing costs?” A very common misconception is that closing costs are the fees that lenders make on the purchase or refinance of a property. Many clients believe this as fact, that is until I enlighten them andContinue reading “Closing Costs? Why Pay Them? Who Pays Them? I Don’t Like It”
Do NOT do this when applying for a home loan…seriously.
Looks like I am going to give you a two for one in blog posts this week. I know I did one yesterday, but since I have fallen behind, I have to make up the difference. So with that said welcome to my blog. I want to inform you about something that can absolutely destroyContinue reading “Do NOT do this when applying for a home loan…seriously.”
Housing Shortage Causing Bidding Wars and Spike in New Construction.
If there is one downside to a booming housing market, it’s that there are not enough homes on the market to satisfy the amount of buyers. You can refer to this as a seller’s market. Not enough homes on the market can mean buyers paying more for a home. This is not a bad thing,Continue reading “Housing Shortage Causing Bidding Wars and Spike in New Construction.”
Why trusting a smart phone to close your mortgage is anything but smart.
So if you weren’t living under a rock, I assume that you watched at least a portion of Super Bowl 50. The game itself might not have been that impressive, but I did see some funny commercials. One in particular comes to mind, it was Rocket Mortgage from Quicken Loans. The commercial made it seemContinue reading “Why trusting a smart phone to close your mortgage is anything but smart.”
Why it’s smart to get qualified BEFORE you start looking at homes.
So you have been looking online at homes. You end up seeing one that is everything that you have been wanting. You call a Realtor to show you the home. You go and see the home and you fall in love. You want to submit an offer, then it hits you…THIS HOME IS OUT OFContinue reading “Why it’s smart to get qualified BEFORE you start looking at homes.”
Simple ways to get your home paid off quicker
Having the opportunity to purchase a home is a true experience, there are a ton of emotions that you will go through during the process, and when you get the keys to your new home it is like you’ve reached the finish line. Congratulations you have become a new homeowner, but now let’s move onContinue reading “Simple ways to get your home paid off quicker”
Mortgage rates are on the rise
So if you haven’t noticed on the news, in the newspaper, or on the internet, mortgage rates are on an upward trend. Rates over the past few weeks have gone up from the historic lows that we have been accustomed to, 3 out of the past 4 weeks they’ve gone up to be exact. Don’tContinue reading “Mortgage rates are on the rise”
