Archive: May 2021

The Power of Mortgage Pre-Approval [INFOGRAPHIC]
Buying Myths, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers | May 7, 2021
The Power of Mortgage Pre-Approval [INFOGRAPHIC]

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 pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and a competitive edge in a bidding war. In…

Why Waiting to Buy a Home Could Cost You a Small Fortune
Down Payments, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing | May 6, 2021
Why Waiting to Buy a Home Could Cost You a Small Fortune

Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs. To determine if they should…

Are Interest Rates Expected to Rise Over the Next Year?
First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers | May 5, 2021
Are Interest Rates Expected to Rise Over the Next Year?

So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a look at what several experts have to say. Danielle Hale, Chief…

4 Big Incentives for Homeowners to Sell Now
For Sellers, Housing Market Updates, Move-Up Buyers, Pricing, Selling Myths | May 4, 2021
4 Big Incentives for Homeowners to Sell Now

The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020. The key to continued success in the residential housing market is for more listings to…

Americans Find the Nonfinancial Benefits of Homeownership Most Valuable
First Time Home Buyers, For Buyers, Rent vs. Buy | May 3, 2021
Americans Find the Nonfinancial Benefits of Homeownership Most Valuable

Homeownership is a foundational part of the American Dream. As we look back on more than a year of sheltering in our homes, having a place of our own is more important than ever. While financial benefits are always a key aspect of homeownership, today, homeowners rank the nonfinancial and personal benefits with even higher value. Recently, two national surveys…