The Fed Is Cutting Rates Soon. When Should I Buy?
The Federal Reserve is expected to lower interest rates at its meeting on September 17–18. Many homebuyers believe incorrectly that they can get a lower rate by waiting until a cut becomes official. The Fed is expected to cut interest rates in September. What does your research say about whether borrowers should wait to take […]
3 Things to Negotiate when Buying a House, Experts say
The housing market continues to be affected by elevated mortgage rates into 2024. In 2020 and 2021, when rates averaged 3.20% and 3.06%, homeowners opted to stay put and maintain their historically low interest rates. Many homebuyers are looking for ways to save money on their home purchase due to the housing shortage and high […]
Buying Down Mortgage Rates
Buying Down Rates En Vogue As Higher Rates Persist Should I Buy Down My Interest Rate? Assuming the Federal Reserve cuts mortgage rates as investors expect, the housing market appears to be heading for a recovery this year. Borrowers may choose to buy down their interest rate when interest rates are high in order to […]
How Much Money Will You Need to Purchase a Home in 2022?
Are you wondering how much money you’ll need to come up with in order to buy your dream home? Well, we’ve come up with the ultimate guide for you! Trying to figure out how much money you’ll need to purchase a house has always been difficult for first-time buyers. But in 2022, it’s become even […]
Do I have to put 20% down on a new home purchase?
Purchasing a home is not an impulse buy. The upfront cash required can take years to save when you consider appraisals and inspections and closing costs and down payment. However, homeowners can sign the papers and own a home with significantly less cash out the door, thanks to low-down-payment loans on the market. You have […]
Why Home Inspections Are Necessary
You may have decided the master suite was exactly what you wanted, but do the windows leak? When you choose to purchase a home in Texas, you’re also potentially buying any problems lurking in the walls, the foundation, the crawl space, or the attic. The home inspection is the best way to negotiate repairs or […]
Are you financially ready to buy a house?
A home is likely the single largest investment you will make in your lifetime. It has enormous potential to build up your wealth over time. But did you know that even in a relatively unpredictable market, you can purchase a home? If you adjust your thinking and your vision, you can almost always buy something […]
Home Buying and Millennials
Totaling more than 80 million individuals, millennials represent the largest generation in the U.S. By 2025, they will claim three-quarters of all jobs. Also considered the best educated, 35% of 25 to 29-year-olds hold a degree, while at the same time carry some of the highest debt levels due to student loans and credit card […]
How to Save Thousands on Your Mortgage
Do you hate the thought of paying hundreds of thousands of dollars in interest on a mortgage loan? When you make a mortgage payment, a portion of that money goes toward the principal amount of your loan, and the other part goes toward interest. During the early years of your mortgage, your payments will primarily […]
Hidden Costs of Home Ownership
To determine what they can afford, buyers too often focus on mortgage payment or a home’s list price alone. Non-mortgage related costs associated with homeownership can affect the monthly bottom line, if you’re not prepared. Let’s take a look at some of the hidden costs of home ownership. Property taxes If you’re only plugging in […]
