Home Buying

Current Market How Changing Mortgage Rates Can Affect You The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps show the general relationship […]
Home Buying Where Will You Go If You Sell? Newly Built Homes Might Be the Answer. Do you want to sell your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market? You’re not alone, but there’s some good news that may ease your worries. New home construction is up and is becoming an increasingly significant part of the housing inventory. That means when you […]
First Time Home Buyers What Homebuyers Need to Know About Credit Scores If you’re thinking about buying a home, you should know your credit score’s a critical piece of the puzzle when it comes to qualifying for a home loan. Lenders review your credit to assess your ability to make payments on time, to pay back debts, and more. It’s also a factor that helps determine your mortgage rate. […]
Home Buying Five Common Contingencies When Buying a Home It’s vital to understand the terms “earnest money” and “contingencies” when house hunting. Earnest money is paid up-front as a show of good faith when you make an offer on a home. It is held by an escrow company until the sale is finalized or falls through. A contingency is a condition added to a purchase offer. If that […]
Home Buying What Are Discount Points and How Can They Help Me Purchase a Home? Buying a home is one of the most significant financial decisions many people will make in their lifetime, and for most people, a home mortgage is necessary to finance the purchase of a home. Mortgage payments, however, can be a significant financial burden, especially when you consider the interest you’ll be paying over the life […]
Home Buying Home Buying Made Easy: The One-Stop Shop for Your Dream Home Buying your dream home is simple with the right information, proper tools and a trusted real estate professional.  It’s no wonder that “91% of homeowners say they feel secure, stable or successful owning a home,” according to Unison. Buying your dream home is simple with the right information, proper tools and a trusted real estate professional. Maintaining […]
First Time Home Buyers Is It Really Better to Rent Than To Own a Home Right Now? You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on. A lot of the time, these reports are assuming things that aren’t realistic for the average […]
Home Buying What You Should Know About Closing Costs Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what closing costs are […]
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Current Market Record Share of U.S. Home Sellers Are Giving Concessions to Buyers 42 percent of all home sellers now offering concessions to homebuyers National property broker Redfin says U.S. home sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter of 2022 — the highest share of any three-month period in Redfin’s historical records. That’s up from just over 30% in both the […]
Home Buying Applying For a Mortgage? Here’s What You Should Avoid Once You Do 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 Cash Lenders need to source your money, and […]
Home Buying Financial Fundamentals for First-Time Homebuyers Are you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home. Build Your Credit Your credit is one […]
Home Buying Pre-Approval Is a Critical First Step on Your Homebuying Journey If you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved. Especially in today’s market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval can be a game changer. Here’s why. What Is Pre-Approval? To better understand why pre-approval is key, it’s important to know what […]
Home Buying What is underwriting? Everything you need to know. You’ve found the house you want to buy. You’ve secured the money. You’ve even selected a lender to work with and guide you through the entire mortgage process. Now, what’s this about underwriting? What is underwriting? While many prospective homeowners have likely heard the term before, it’s not common to know what what underwriting means […]