Credit plays a very important role when it comes to purchasing a home. Your credit score demonstrates your history of debt payments to entities that loan you money. There are three credit bureaus (Experian, TransUnion, and Equifax), and each bureau scores credit...
The housing market is ripe for a type of financing known as “2-1 Buydown.” Simply put, the buyer reduces their monthly interest rate on their mortgage for the first two years. The first year they pay 2% lower than the note rate (current market rate) and the second...
Looking Back: In our last blog (Feb 2022), we indicated that there were three main factors at play in what promised to be a year of transition – inflation, lack of real estate inventory, and an abundance of home buyers. All three ended up growing over these last five...
All indications point to another very interesting year in 2022 for mortgages and real estate. If anything is certain in the year ahead, it is that uncertainty awaits. There are many influential issues to tackle, and as your trusted mortgage loan consultants, we always...
We are all busy buying gifts in December, but traditionally we slow down when it comes to buying homes during this time of year. Based on the level of purchase activity last December, still historically low interest rates, and incredibly tight inventory, we expect...
You’ve heard stories of people bidding well over asking price, buying without contingencies, and making cash offers in this hot real estate market. I want you to know that it’s still a very wise economic decision to buy a home over the next few years....
