According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your … [Read more...] about Low Interest Rates Have A High Impact On Your Purchasing Power
Home Financing Tips
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to … [Read more...] about Mortgage Interest Rates Are Going Up… Should I Wait To Buy?
In a CNBC article, self-made millionaire David Bach explained that “the single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.” Bach went on to explain: “If millennials don’t buy a home, their chances of actually having any wealth in this country are … [Read more...] about Millionaire To Millennials: Buy A Home Now!
Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Reportfrom the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% … [Read more...] about Which Homes Have Increased In Value The Most?
Getting the best mortgage financing for your new home can sometimes be a complicated process and, unfortunately, things can go wrong. Using a licensed and trusted mortgage loan specialist can help alleviate many of these challenges. There are certain mistakes that many homebuyers make when applying for their mortgages that can … [Read more...] about 3 Common Home Financing Problems And How To Avoid Them
What if you could accelerate the mortgage payment on your home so that you own your property several years earlier than your 15 or 30 year term? Making your final mortgage payment and owning your house is an incredibly good feeling and there is a simple way that you can bring about that rewarding day much sooner. By making one … [Read more...] about Liberate Yourself From Your Mortgage With This Simple Plan
Imagine that you've found the perfect home and are ready to apply for financing. Your home loan approval amount comes back lower than you would have expected and at an interest rate significantly above what you have heard is available on the market. This could be because you have an average to poor credit score. Mortgage lenders … [Read more...] about How To Improve Your Credit Score For Better Financing Terms