Interest Rates Hover Near Historic All-Time Lows [INFOGRAPHIC]

Some Highlights

  • Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level.
  • Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan.
  • Let’s connect to determine the best way to position yourself for a move in today’s market.

Posted on May 28, 2020 at 7:00 am
Jennifer Angel | Posted in Buyer Tips, First-time Homebuyers, Housing Market Updates, Infographics, Lending, Mortgage, Move-up Buyers |

Mortgage Forbearance: What You Need to Know

A new federal law, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, puts in place two protections for homeowners with federally backed mortgages: Continue reading


Posted on April 13, 2020 at 2:00 pm
Jennifer Angel | Posted in Housing Market Updates, Lending, Seller Tips |

Is Now a Good Time to Refinance My Home?

With interest rates hitting all-time lows over the past few weeks, many homeowners are opting to refinance. To decide if refinancing your home is the best option for you and your family, start by asking yourself these questions: Continue reading


Posted on March 25, 2020 at 7:00 am
Jennifer Angel | Posted in Lending, Mortgage, Move-up Buyers, Seller Tips |

The #1 Misconception in the Homebuying Process

After over a year of moderating home prices, it appears home value appreciation is about to reaccelerate. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article: Continue reading


Posted on February 21, 2020 at 11:00 am
Jennifer Angel | Posted in Buyer Tips, Buying Myths, First-time Homebuyers, Housing Market Updates, Lending, Mortgage |

Forget the Price of the Home. The Cost is What Matters.

Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic increased their 12-month projection for home values from 4.5% to 5.6% over the last few months. Continue reading


Posted on November 12, 2019 at 7:00 am
Jennifer Angel | Posted in Buyer Tips, Housing Market Updates, Lending, Mortgage, Seller Tips |

Taking the Fear Out of the Mortgage Process

A considerable number of potential buyers shy away from the real estate market because they’re uncertain about the buying process – particularly when it comes to qualifying for a mortgage.

For many, the mortgage process can be scary, but it doesn’t have to be!

In order to qualify in today’s market, you’ll need a down payment (the average down payment on all loans last year was 5%, with many buyers putting down 3% or less), a stable income, and a good credit history.

Once you’re ready to apply, here are 5 easy steps Freddie Mac suggests to follow:

  1. Find out your current credit history and credit score– Even if you don’t have perfect credit, you may already qualify for a loan. The average FICO Score® for all closed loans in September was 737, according to Ellie Mae.
  2. Start gathering all of your documentation– This includes income verification (such as W-2 forms or tax returns), credit history, and assets (such as bank statements to verify your savings).
  3. Contact a professional– Your real estate agent will be able to recommend a loan officer who can help you develop a spending plan, as well as help you determine how much home you can afford.
  4. Consult with your lender– He or she will review your income, expenses, and financial goals in order to determine the type and amount of mortgage you qualify for.
  5. Talk to your lender about pre-approval– A pre-approval letter provides an estimate of what you might be able to borrow (provided your financial status doesn’t change) and demonstrates to home sellers that you’re serious about buying.

Bottom Line

Do your research, reach out to professionals, stick to your budget, and be sure you’re ready to take on the financial responsibilities of becoming a homeowner.

Are you thinking of selling or buying real estate this year?  Contact us now to schedule a free consultation. We’ll work with you to develop an action plan to meet your real estate goals this year.


Posted on November 1, 2019 at 7:00 am
Jennifer Angel | Posted in Buyer Tips, Buying Myths, First-time Homebuyers, Lending, Mortgage, Move-up Buyers |

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 your decisions will impact your home loan. Continue reading


Posted on September 23, 2019 at 7:00 am
Jennifer Angel | Posted in Buyer Tips, First-time Homebuyers, Lending, Mortgage, Move-up Buyers |

How Much Do You Know About Down Payments?

Whether you’ve owned a home before, or you’re ready to jump into homeownership for the first time, there are always a lot of questions swirling around about what is truly required for a down payment, and how to best source down payment assistance. Let’s tackle these two today. Continue reading


Posted on August 9, 2019 at 7:00 am
Jennifer Angel | Posted in Buyer Tips, Downpayment, First-time Homebuyers, Lending, Mortgage, Move-up Buyers |

3 Powerful Reasons to Buy a Home Now

Whether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a home. Here are three major reasons to buy today. Continue reading


Posted on August 2, 2019 at 11:00 am
Jennifer Angel | Posted in Buyer Tips, Buying Myths, First-time Homebuyers, Housing Market Updates, Lending, Mortgage, Move-up Buyers, Seller Tips | Tagged , , , ,

Slaying the Largest Homebuying Myths Today [INFOGRAPHIC]

 

Continue reading


Posted on April 27, 2019 at 8:00 am
Jennifer Angel | Posted in Buyer Tips, Downpayment, First-time Homebuyers, Infographics, Lending, Mortgage, Move-up Buyers |