With increasingly low supply on the market, home prices around the country are rising at their fastest pace in 15 years. It then comes as no surprise that only 51 of 175 major U.S. cities have a higher median income than the amount needed to own a home. Affording today’s high prices is an ongoing challenge for buyers, …
Home prices are rising at record speed—here’s how to keep costs down Read More »
For many people, buying a new home or refinancing is the most complex financial transaction they’ll ever make. With the amount of information and documentation required to complete a loan application, chances are some things will be missed or forgotten the first time around. Omitting important information or partially filling out a form are common …
How to get your mortgage application right the first time Read More »
Before the exciting process of house hunting can get underway, prospective homebuyers must be pre-approved for a mortgage. Pre-approval provides a clear picture of what a borrower can afford and acts as a starting point to begin narrowing down affordable home buying options. While pre-approval does not guarantee a loan, it does provide a conditional agreement that …
Mortgage loan pre-approval: What it is & how it helps you Read More »
If you’re an active service member, veteran or surviving spouse, VA loans can offer many home financing advantages that can help you get a foothold in the housing market. Zero requirements for down payments and comparatively lower credit thresholds make these mortgages a popular option for those who qualify. However, not everyone who served is …
After sitting at a record low for months, existing home inventory will likely get a boost thanks to many homeowners’ newfound comfort with selling. Seller attitudes are aligned with the general public, as 61% of Americans recently said it was a good time to sell a home. The shift in attitude may have been driven by the …
More Existing Homes May Hit the Market as Owners Prepare to Sell Read More »