There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this winter, you’ll need to be strategic so you can find a home that meets your needs and budget.Danielle Hale,...
If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates.Equity is the current value of your home minus what you owe on the loan.Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a...
If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains:“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation...
With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today. And if you’re thinking of selling your house, it’s important to understand how the market has changed and what that means for you. The best way to make sure you’re in the know is to work with a trusted housing market expert.Here are five reasons working with a professional can ensure...
There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too.Home means something different to all of us. Whether it’s sharing memories with loved ones at the kitchen table or settling in to read...
While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan.Don’t Deposit Large Sums of CashLenders need to source your money, and cash isn’t easily traceable. Before you deposit any...
There are many financial benefits to owning a home. According to the 2022 Consumer Insights Report from Mynd, most people view homeownership as a key life achievement. Owning a home can be a powerful wealth-building tool, as it provides financial stability that renting does notThe Financial Benefits of Owning a HomeWhen you own a home, your monthly housing payments are locked in for the length of your...
Some HighlightsVA Loans can help make homeownership possible for those who have served our country.These loans offer great benefits for eligible individuals and can help them buy a VA-approved house or condo, build a new home, or make improvements to their house.Homeownership is the American Dream. One way we can honor and thank our veterans is to ensure they have the best information about the...