News
Down Payment Assistance: A Key to Today’s Homeownership
Down payment assistance can make the difference between renting and owning. It turns the dream of homeownership into a real, achievable goal.
Continue Reading
The Home Seller And a Changing Market
Approximately 23% of listings received price cuts in March 2025, the highest rate since 2018. Overpricing can lead to prolonged market time and increased carrying costs. For instance, a $500,000 home with $3,000 monthly expenses incurs $9,000 in costs over three extra months. Buyers now expect concessions, such as assistance with closing costs or mortgage rate buy-downs. The home seller must be prepared to negotiate and offer incentives to attract offers.
Continue Reading
Temporary Rate Buydown – the Right Move?
Buying a home can feel overwhelming, especially when interest rates are high. That’s why smart buyers explore flexible mortgage options and get prepared in all aspects. One powerful strategy is the temporary rate buydown. It helps reduce monthly payments at the start of the loan, easing the transition into homeownership. Whether you’re a first-time buyer ... Read more
Continue Reading
Buying a Home in 2025 – Preparation is the Key
If you’re considering buying a home, preparation is key to making this life-changing step smooth and successful. With mortgage rates in 2025 predicted to fluctuate, planning can save you time, stress, and money. Here’s your roadmap to get ready for buying a home next year. Build Your Credit Score for Buying a Home A strong ... Read more
Continue Reading
Mortgage Rates – Who and What Determines Them?
Mortgage rates affect the cost of buying a home. They can influence whether homebuyers find their dream home affordable. Many factors contribute to decisions about them. Understanding these factors helps potential buyers make better decisions when rates fluctuate. Key Players That Determine Mortgage Rates Why Mortgage Rates Didn’t Drop After a Federal Reserve Rate Cut ... Read more
Continue Reading
Zero Down Payment Mortgages?
Introduction to Zero Down Payment Mortgages Saving for a mortgage down payment can be challenging, even with excellent credit and income. Fortunately, zero down payment mortgage options and assistance programs allow you to buy a home sooner. By exploring these mortgages, you can find opportunities that make homeownership more accessible. What Is a Zero Down ... Read more
Continue Reading
Current Mortgage Rates and Market Predictions
Mortgage rates play a crucial role in determining the affordability of homeownership. As of late, the housing market has been witnessing significant fluctuations in these rates. Understanding the current situation and predictions is essential for buyers navigating this landscape. This blog delves into the latest on mortgage rates, market forecasts, and what it all means ... Read more
Continue Reading
Mortgage Scams -How to Avoid Them?
Mortgage scams target unsuspecting homebuyers and homeowners. These scams can lead to financial loss and emotional distress. Avoid falling victim to these schemes by staying informed and vigilant. Here are essential tips to protect yourself from mortgage scams. Recognize Common Mortgage Scams Understanding common mortgage scams can help you stay alert. Look out for foreclosure ... Read more
Continue Reading
✅Mid-Week News Updates, July 17, 2024
Mid-Week Updates, July 17, 2024 ➡️Single-Family Home Construction Drops in June as Builders Wait for Rate Cuts Construction activity on single-family homes dropped for the fourth straight month in June, as high interest rates weighed on building activity. Single-family housing starts were at a seasonally adjusted annual rate of 980,000 last month, down 2.2% from ... Read more
Continue Reading
Comprehensive Guide to Investment Property Loans
Investing in real estate can be a profitable venture, but understanding how investment property loans work is crucial for success. Therefore, this guide covers the essentials of securing an investment property loan, the differences from other loans, and how to navigate the process. What is an Investment Property Loan, and does it Differ from Second ... Read more