by hjadmin | Mar 30, 2021 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing
Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at...
by hjadmin | Mar 24, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing
For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then...
by hjadmin | Mar 22, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers
According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to...
by hjadmin | Mar 16, 2021 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates
There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. As Freddie Mac explains: “Homeownership has...
by hjadmin | Mar 15, 2021 | First Time Home Buyers, For Buyers, Move-Up Buyers
Today’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream...
by hjadmin | Mar 12, 2021 | First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers
Some Highlights With so few houses for sale today, it’s important to be prepared when you’re ready to buy a home. Meeting with your lender early, knowing your must-haves and nice-to-haves, preparing for a bidding war, and keeping your emotions in check are all ways to...
