You’re fortunate, not to mention unusual, if you are a first-time home buyer who has the means to obtain a Conventional mortgage. Commonly the biggest stumbling block is down payment. For the majority of home buyers, their first purchase will not be their forever home. I generally tell buyers to consider their first home to… Read More
If market conditions are a bit challenging for home buyers right now, the FED’s recent decision to drop interest rates and the resulting decrease in mortgage rates, provide a satisfying counterbalance. The home buying market has been tight and overly competitive for quite some time due in large part to lower-than-normal inventory. Home buyers in… Read More
Home Buyers are never quite sure of the precise moment to lock in their interest rate. Quite frankly, I’m not sure you’ll find a better time than now. Thought the Spring home buying season is right around the corner, home prices seem to be fairly stable, by which I mean we’re experiencing a normal rise… Read More
*Click for mortgage interest rate information for April 2019 I received a fact-packed email recently from a local mortgage lender. This is someone I’ve worked with enough to know that their information is solid, skewed neither positive or negative but true and unbiased. Andrew McCrossen, a Loan Officer at V.I.P Mortgage did a little digging… Read More
Early, alarming predictions for a dramatic surge in mortgage rates in 2018, have so far fallen flat. True, home buyers have seen incremental increases in rates for home loans since January, but in more of a one-step-forward-and-two-steps-back pattern. I’m cautiously optimistic that this might continue for three significant reasons. First, the country’s economy appears to… Read More
Inadequate Financial Knowledge Delays Many Home Buyers, Study Says. I’ve worked with countless mortgage lenders over the years and have come to depend on just a handful, to provide me with timely, accurate information, with no drama. I’ve always believed that the home buying process should not be stressful or confusing. But I’ve seen that… Read More
20 Percent Down is Nice, but NOT Mandatory Due to misunderstood government regulations instituted in the past two or three years that were meant to stabilize the housing market, many folks are under the impression that they must have 20% down to buy a home. This is categorically untrue. Not only do 3.5% down FHA… Read More
First-Time Buyers are finding prices for starter-homes rising all over the country but mortgage interest rates are lower than ever, which in some cases, could even the score… maybe not for long. Interest rates on home loans have been low for quite some time now but with the shake-up in the European Union, US financial… Read More
