Buying your first home is an important and exciting time. The lead-up is often years of preparing your savings, your finances, and your vision of the perfect home. In today’s market, finding the perfect house can be a greater challenge than it used to be. Housing inventory is tight, which means picking the right house […]
It’s a hard market for first-time home buyers: home prices are up, inventory is low and mortgage rates are getting more expensive. But depending on which market you are looking for housing, buying may still come out a winner on affordability compared to renting.
Home buying terminology is its own language at times. This glossary of terms for home buyers is something we hope you will reference again and again during your journey. It’s alphabetically organized and ideal for learning on the go. Knowing a few of these terms can make you look like a smart buyer ready for […]
The war in Ukraine has created some market volatility, but that’s not unusual. In uncertain times global investors will look to move their investments into areas they feel are safe from conflict. This can cause fluctuations in the prices of US Treasuries, and yes, even mortgage bonds – which in turn impacts mortgage interest rates.
The Homes for Heroes house hunting checklist is a simple tool to help home buyers determine the absolute must-haves for their new home, and what are the extended nice-to-haves. Some checklists are a home buying wish list. But as this post will illustrate, the key to this exercise is to actually narrow down your wish […]
How important is it to get pre approved for a home loan? The outcome of getting a home loan pre approval is receiving a pre-approval letter. This letter is the golden ticket that allows you to be seriously considered by a seller to purchase their home. Without one, your chances of winning the bid on […]
With rising interest rates it’s clear that the spigot of refinancing that have buoyed mortgage volumes over the past two years is about to slow to a trickle. With lenders shifting their attention to first-time buyers, now is the time to address the affordable home crisis, where accessing down payment assistance can play a big […]
If you’re concerned that the current hot housing market is unsustainable you aren’t alone. A Redfin study found that 77% of homebuyers surveyed believe there is a housing price bubble. Meanwhile, 44% of real estate agents believe there’s a housing bubble in the market where they work.
Housing affordability is an increasing concern, but there is a population of 41 million people, 45 years or younger in the U.S. who are “mortgage ready” according to a Freddie Mac report. That’s a lot of potential first-time buyers. Homeownership is critical for building long-term wealth, and most first-time homebuyers rely on obtaining a mortgage […]
You’ve been saving to buy a new home, but what will it actually cost to buy a house you want? You have your down payment fund built up, and you’re pre-approved. It is our duty to inform you there are many fees, taxes and up front costs you’ll need to be prepared to pay – […]
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