Some Highlights Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being
Category: Buying Myths
Auto Added by WPeMatico
Should I Buy Now or Wait? [INFOGRAPHIC]Should I Buy Now or Wait? [INFOGRAPHIC]
Some Highlights If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low,
Patience Is the Key to Buying a Home This YearPatience Is the Key to Buying a Home This Year
The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive
How Much Time Do You Need To Save for a Down Payment?How Much Time Do You Need To Save for a Down Payment?
One of the biggest hurdles homebuyers face is saving for a down payment. As you’re budgeting and planning for your home purchase, you’ll want to understand how much you’ll need
2021 Real Estate Myth Buster [INFOGRAPHIC]2021 Real Estate Myth Buster [INFOGRAPHIC]
Some Highlights There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape. Here’s
Why You Should Think About Listing Prices Like an Auction’s Reserve PriceWhy You Should Think About Listing Prices Like an Auction’s Reserve Price
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
What Credit Score Do You Need for a Mortgage?What Credit Score Do You Need for a Mortgage?
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
How Upset Should You Be about 3% Mortgage Rates?How Upset Should You Be about 3% Mortgage Rates?
Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day
How Smart Is It to Buy a Home Today?How Smart Is It to Buy a Home Today?
Whether you’re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may
What Are the Benefits of a 20% Down Payment?What Are the Benefits of a 20% Down Payment?
If you’re thinking of buying a home this year, you may be wondering how much money you need to come up with for your down payment. Many people may think