Are you ready to buy a home this year? Then watch this video to see how you can make homeownership a reality in 2023: As rent prices continue to rise, many renters want to know what they can do to get ready to buy their first home. Recent information from ApartmentList.com shows that: The first half of 2021 has seen the fastest growth in rent prices since the start of our estimates in...
Are you ready to buy a new home? Then be sure and watch this video to find out the difference between pre-qualified and pre-approved, as well as why you should get pre-approved first: Being pre-approved is one of the initial steps in the home-buying process. To understand why pre-approval is such a vital step, you must first grasp what it is and what it accomplishes for you. According to...
Are you thinking you should wait for rates to drop to 4% or maybe even 3%? Then Watch this: The Federal Reserve took action to try and lower inflation last year. Mortgage rates quickly increased in response to such initiatives from the all-time lows we experienced in 2021, reaching a peak of just over 7% last October. As a result, prospective buyers' purchasing power was reduced, which led to some of...
If you have just applied for a home loan, check out this video about what not to do so it doesn't get denied: Although it's terrific to begin planning your move and decorating once you've filed for a home loan, there are some important considerations to make before closing. Following your loan application, there are a few things you should avoid. Avoid Making Large Cash Deposits Cash is hard to track...
If you're about to buy your first home, you're probably saving up for all of the costs that come with it. Your down payment is probably the first cost that comes to mind. But don't make it harder than it needs to be by believing a common myth about how much you need to save. Understand That a 20% down payment isn't always the norm Freddie Mac explains: “. . . nearly a third of prospective...
If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says: “The median rent across the 50 largest US metropolitan areas reached $1,876 in June, a new record level for Realtor.com data...
Buying a home is a major life decision. That’s true whether you’re purchasing for the first time or selling your house to fuel a move. And if you’re planning to buy a home, you might be hearing about today’s shifting market and wondering what it means for you. While mortgage rates are higher than they were at the start of the year and home prices are rising, you shouldn’t put your plans on...
In this Friday’s infographic we have a great one giving 3 reasons why now is the time to look for a new home in today’s market. Some Highlights The housing market is moving away from the frenzy of the past year and it’s opening doors for you if you’re thinking about buying a home. Housing inventory is increasing, which means more options for your search. Plus, the intensity of bidding...
If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market? The truth is, getting a pre-approval letter from your lender is critical, and when it comes to your home search, it can be a game changer in so many ways. To better understand why,...