Home Buyer Resources

June 5, 2018

Will Home Prices Fall as Mortgage Rates Rise?

Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate. However, some prominent ...

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May 22, 2018

How Current Interest Rates Can Have a High Impact on Your Purchasing Power

How Current Interest Rates Can Have a High Impact on Your Purchasing Power

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history!

The interest rate you secure when buying a home not only greatly impacts your monthly housing costs ...

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May 15, 2018

Home Inspections: What to Expect

Home Inspections: What to Expect So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. Oftentimes, agents make your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price you paid for the home, ask the sellers to cover ...

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April 12, 2018

Getting Pre-Approved Should Always Be Your First Step

Get Pre-Approved to Buy Home In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get ...

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April 10, 2018

What Is Private Mortgage Insurance (PMI)?

What is Private Mortgage Insurance When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information ...

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April 5, 2018

House Prices: Simply a Matter of Supply & Demand

Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined as:

“the amount of a commodity, product ...
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April 3, 2018

NOT Owning Your Home Can Cost You a Lot of Money!

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Realtor.com recently reported that:

Buying remains the ...
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March 22, 2018

Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices

Mortgage Interest Rates Rising

Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year. Many believe that an increase in mortgage rates will ...

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March 20, 2018

Dreaming of a Luxury Home? Now’s the Time!

Now Is Time to Buy Luxury If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so!
Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market, buyers are in control ...
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March 8, 2018

You Can Save for a Down Payment Faster Than You Think!

Saving for Down Payment Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state.

Using ...

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