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
Who Pays for What?
Is This Why You’re Not Buying a Home? No.1 Hurdle and How to Conquer It.
In a Zillow report (below), research revealed that coming up with a down payment is the number one hurdle for home buyers. I have found that it’s a common misconception among potential buyers, that you must have a 20% down payment to buy a home. I’m here today to let you know that is CATEGORICALLY… Read More
Real Estate Q & A: Is it Possible to Schedule Showings Only When We’re at Work?
Question: Is it possible to schedule showings only when we’re at work so our evenings, weekends and family time are not disturbed? I hear this question in one form or another all the time; only when we’re at work, only when we’re at home, only when the kids are at school, only when the dog… Read More
Mortgage Closing Costs 101
Mortgage Closing Costs 101. It goes without saying that buying a home is a major financial investment. It is advisable that you understand how much more goes into budgeting for a new home other than monthly mortgage payments. Closing costs are one of those budget entries. Click to view “Who Pays for What?”. Closing costs… Read More