Credit Scores Are Crucial for Homebuyers

Credit Scores Are Crucial for Homebuyers

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...
Lower Your Interest Rate with a 2-1 Buydown

Lower Your Interest Rate with a 2-1 Buydown

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...
Mortgage Volatility vs. Stability

Mortgage Volatility vs. Stability

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...
Holiday Shopping – for Homes

Holiday Shopping – for Homes

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...