Buying

Buying, Uncategorized

Will 2024 be a better year for homebuyers? Here’s what experts think.

Following months of cooling inflation, higher rent and food prices pushed the inflation report to a 3.4% annual rate, according to the latest Consumer Price Index report. The rise indicates the Fed’s ongoing challenge to achieve a 2% target inflation rate may experience some fluctuations along the way. In December, the Fed set the housing market […]
Buying

Pre-Qualified vs Pre-Approved: What’s the Difference?

Pre-qualification and pre-approval are two terms you may hear used interchangeably when shopping for a mortgage, but they are actually two optional steps you can take to start the loan approval process. A mortgage pre-qualification is usually a much shorter process that requires you to honestly report your own financial information, while a mortgage pre-approval typically requires you to […]
Buying, Selling

What Are Contingencies in Real Estate?

How Contingent Offers Are Used in Real Estate Contingencies offer a way to protect both the buyer and seller in a real estate transaction. The homebuying process requires a series of steps and at any time in that journey, unexpected issues may arise that neither party was prepared for. Contingent offers act as a guide […]
Buying

Should You Buy or Rent a Home?

In today’s competitive real estate market, you may wonder if it’s better to rent a place or buy a home. Purchasing a residence can provide more privacy and future investment potential, while renting allows for more flexibility and less maintenance. Both options have a myriad of pros and cons, but it ultimately will depend on […]

Buying Will 2024 be a better year for homebuyers? Here’s what experts think. Following months of cooling inflation, higher rent and food prices pushed the inflation report to a 3.4% annual rate, according to the latest Consumer Price Index report. The rise indicates the Fed’s ongoing challenge to achieve a 2% target inflation rate may experience some fluctuations along the way. In December, the Fed set the housing market […]

Buying Pre-Qualified vs Pre-Approved: What’s the Difference? Pre-qualification and pre-approval are two terms you may hear used interchangeably when shopping for a mortgage, but they are actually two optional steps you can take to start the loan approval process. A mortgage pre-qualification is usually a much shorter process that requires you to honestly report your own financial information, while a mortgage pre-approval typically requires you to […]

Buying What Are Contingencies in Real Estate? How Contingent Offers Are Used in Real Estate Contingencies offer a way to protect both the buyer and seller in a real estate transaction. The homebuying process requires a series of steps and at any time in that journey, unexpected issues may arise that neither party was prepared for. Contingent offers act as a guide […]

Buying Should You Buy or Rent a Home? In today’s competitive real estate market, you may wonder if it’s better to rent a place or buy a home. Purchasing a residence can provide more privacy and future investment potential, while renting allows for more flexibility and less maintenance. Both options have a myriad of pros and cons, but it ultimately will depend on […]

Buying Important Tip when Applying for a Mortgage Shared by a local lender who takes great care of their clients!! Go to www.optoutprescreen.com before pulling your credit. The reason is so that you might be inundated with phone calls, texts, and emails from every mortgage company on the planet when pulling your credit. If you forget to do this FIRST, it cannot be […]

Buying Do You Need Down Payment Assistance? You may be surprised to know that many of the homes listed in the MLS are eligible for a number of assistance programs to help you get into a home! But if you are not sure on a particular property and just need to know what might be available, you can search on your own […]

Buying Congratulations! You’ve Found a Home Congratulations! You have applied for a mortgage, are pre qualified and found a home to buy ! You’re undoubtedly excited about the opportunity to decorate your new home, but before you make any large purchases, move your money around, or make any big-time life changes, consult your loan officer – someone who will be able […]

Buying 5 Powerful Reasons to Own Instead of Rent 5 Powerful Reasons to Own Instead of Rent Owning a home has great financial benefits. In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained: “Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater […]

Buying Things to Avoid After Applying for a Mortgage Congratulations! You’ve found a home to buy and have applied for a mortgage! You’re undoubtedly excited about the opportunity to decorate your new home, but before you make any large purchases, move your money around, or make any big-time life changes, consult your loan officer – someone who will be able to tell you how […]

Buying Should You Still Buy a Home with the Latest News About Inflation? While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost of goods and services climb. […]

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 […]

Buying Why Now is Still a Great Time to Buy a House With the Federal Reserve having hiked interest rates multiple times this year, resulting in mortgage rates rising as well, there’s an undercurrent that now is not the time to buy a house. But there are savings to be had and other benefits to doing just that. People considering buying a home should not let negative […]

Buying Things to Keep in Mind about Interest Rates Your monthly house payment depends on many factors, including the interest rate on your mortgage. Here are some things to keep in mind about interest rates when you’re planning to buy a home.

Buying Things to Avoid After Applying for a Mortgage Congratulations! You’ve found a home to buy and have applied for a mortgage! You’re undoubtedly excited about the opportunity to decorate your new home, but before you make any large purchases, move your money around, or make any big-time life changes, consult your loan officer – someone who will be able to tell you how […]

Buying Six Expert Tips for New Home-buyers Six Expert Tips for New Home-buyers People searching for a first home do a lot of homework. Studying everything from amenities to neighborhoods and house types is a common task. Sometimes, people get hung on a few details and may not realize they are overlooking some important factors. This blog covers six crucial things new buyers […]

Buying 4 Ways Mortgage Insurance Helps Homebuyers Shared aticle by Marshall Gayden RIS Media June 22,2022 EVP of Mortgage Insurance Sales at Radia Real estate agents know all too well, today’s homebuyers are navigating one of the most difficult housing markets in recent memory, and affordability has become a major obstacle. Home prices are at the highest levels ever recorded, there is […]

Buying How Today’s Mortgage Rates Impact Your Home Purchase If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does […]

Buying Will Home Prices Fall This Year? Here’s What Experts Say. Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. What’s Happening with Home Prices? Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says: “Price appreciation […]

Buying The Real Cost of Buying a Home Great article by Scott Burns Dallas Morning news What’s the cost of buying a home? Yes, this is a trick question. The obvious answer is the price you pay for it. If you find a house you like and pay $400,000 cash to buy it, the cost is the price, $400,000. Long-term, buying for cash […]