Legally, there’s nothing stopping you from getting a mortgage this afternoon and refinancing it tomorrow morning. But just because you can do something doesn’t mean you should. If you’ve only recently joined the ranks of mortgage-paying homeowners, you might…
Getting ahead of the market Today we’re featuring insights and tips to help buyers prepare to enter the market, whether that day is coming soon, or further down the line. Last week the Federal Reserve raised rates by .25% again,…
Seasons change, but do they change the market, too? Whether it’s the end of a lease or the start of a new job, there are often deadlines driving the home search. But regardless of what’s on the calendar, buyers…
The new Community Affordable Loan Solution, Bank of America’s “no-down” mortgage program, is only one of a growing number of no- and low-down payment mortgage options.
Three simple steps for first-time homebuyers to follow, especially in a competitive market
Prices still projected to rise – but stable for now Recent real estate headlines might look a little bleak, with descriptions like “plunging” home prices and a “slumping” market. But are they really? Let’s start with the market: Yes,…
If you are looking to restart your search for a home, it can be tempting to jump straight into getting a pre-approval. But you may want to spend some time sorting out your finances first, as it’ll give you a more realistic snapshot of what you can afford in a fast-changing market.
Knowing what loan options are available to you enables you to choose a loan that best fits your needs. We’ll walk through the differences between the major types and categories of mortgage loans.
Homeownership is an enduring component of the American Dream – a benchmark Americans have measured success and well-being against for years. June marks the celebration of National Homeownership Month (NHM), dedicated to honoring those notions and celebrating the ways homeownership benefits families and communities across America.
“Pre-crisis, a range of other variable-rate loan products were all being offered widely to consumers with little to no advisory,” notes Robert Heck, Vice President of Mortgage at Morty. “Many people have been understandably skeptical of ARMs since then,…
While strolling through your neighborhood (or scrolling through online listings), you might see signs on homes that read “pending” or “contingent.” When a home you’ve been eyeing finds itself in either status, you may wonder if it’s now too…
So, what is mortgage insurance — and how do you know if you must pay it? In this article, we’ll look at the definition of mortgage insurance and discuss two types of mortgage insurance: private mortgage insurance (PMI) and…
March 25, 2022. I’ll share my take on what’s happening in homebuying. My goal is to cut through the noise and share takeaways to help you to make informed decisions.
The first time you buy a home, you’ll probably run across a fair number of mortgage-industry terms that you haven’t encountered before. If you find yourself stumbling a bit on terms you don’t know or acronyms you don’t understand,…
Hoping to add a few dollars to the selling price of your current home? Then it might be time to break out the rollers, brushes, and painter’s tape. According to a recent study by the folks at Zillow, painting…
You’re almost there, future homeowner! You’ve made a successful offer and sorted out your financing. Your future home appraised well, and it cleared a title search. Now, it’s time for your final walkthrough: one last look around before you…
Letting folks know that you’re looking to buy your first home can open a floodgate of unsolicited advice from friends and loved-ones. Your Aunt and Uncle bought their home during the Reagan administration, but are now suddenly experts on…
Buying a house can be a great investment in your future financial well-being. But unlike other financial investments, a house isn’t just a line-item on a balance sheet. When it comes to buying a home, the choice you make…
Since Tidying Up with Marie Kondo premiered on Netflix earlier this month, it seems like everyone we talk to has hopped on the tidying-up bandwagon. For folks who haven’t seen the show or read the bestselling book, the gist…
If you are considering purchasing a home in 2022, you are undoubtedly dreaming of features that are important to you. As more Millennial buyers move into the market and seek out their first space, the housing market is experiencing…