If you’re ready to dive into the real estate market but feel like your finances and credit score might hold you back, don’t worry. You’ve got options. Let’s break down four popular mortgage programs that can make your homeownership dreams a reality.
Mortgage rates were back on the rise this week. For the average home buyer, the rate jump translates to an average monthly payment of $2,126, an increase of more than $280. With these rate increases, more and more buyers are looking into ARM’s (Adjustable-Rate Mortgages) to purchase their homes. Should You Consider an ARM? What […]
Homeowners at or over 62 years of age may qualify for a reverse mortgage. It allows you to use the equity in your home to cover expenses by putting cash in your pocket. You can also use a reverse mortgage to secure a new line of credit. Reversal mortgages do not come with monthly payments […]
Housing Market Update With record low interest rates, many segments of the market experienced a multiple-offer frenzy not seen in the last 15 years or more! Although the first wave of the pandemic caused the housing market to experience a significant slowdown, it bounced back substantially by the end of 2020. However, seller activity lagged […]
Taking out a home loan is a complicated process, and preparation is key. Knowing what to expect, and when to expect it could make the difference between a clear path to homeownership or getting caught up in the weeds. This guide will walk you through the whats, whens and whys of preparing for your first […]
This article was originally posted on better.com What You’ll Learn Asking questions will help you get what you need Knowing what to ask and how to ask it will help your lender help you Knowing what to expect from the answers helps, too No one is expected to know every angle of mortgage shopping their first, second, or […]
Are you thinking about buying a home, but not sure what type of loan is best for you? From 30 year and 15 year fixed-rate mortgages to 5/1 adjustable-rate mortgages, here is an explanation of the different loans available for home buyers to help you decide what the ideal one is for your specific situation. […]
