Are you considering buying a home but feeling overwhelmed by all the confusing jargon that comes along with it, including mortgage rate buydowns? Don't worry; you're not alone! A mortgage rate buydown is an excellent way for homebuyers to lower their interest rates and monthly mortgage payments. We'll explain what a mortgage rate buydown is, how it works, and whether...
If you’re thinking of buying a new home this year, sorting out your finances before you start shopping is a smart move. Not only will it give you ample time to find the right lender and loan package, you’ll also reap plenty of other benefits. Here are 4 reasons why it’s a smart move for buyers to get preapproved for a mortgage first. Know your price rang...
If buying a home is in your future, you need to take a careful look at your finances now – well before you begin looking at homes. Life is full of surprises but you don’t want to find one in your finances! Don’t leave your ability to qualify for a mortgage to chance; putting in the work now can mean big savings when you finally purchase your home. Here’s h...
After deciding you’re ready to buy a home, your first major step is to save for a down payment. Most people will have to spend some time saving for the down payment. It takes time, commitment, and discipline to save enough to put down on a home. Here’s how to save for a down payment the smart way. Start with a plan Your first step is finding out how...
The LA Times reports: Â When will housing come back in California? Five experts offer their views. Foreclosures in the state are still high. Sales of new homes are at historic lows. And millions of homeowners are underwater on their mortgages. So what's the outlook for 2011 and beyond? -Â Well if this story is any indicator, the outlook ahead is still to b...
The Wall Street Journal posted the following story on 1/28/10. We are all eagerly anticipating what will happen next with the housing market and thought you might be too. The Federal Reserve believes that when they pull out of the mortgage market, that investors will be looking to jump on the bargain mortgages and that will keep mortgage rates low. Good news for all y...
First question…The big news this week regarding new home construction was- (buzz buzz buzz) CNNMoney- what’s the answer? -This week it was reported that although housing starts have fallen over the last quarter, permit requests from builders have sky rocketed. This is the largest request for permits since Summer of 2008 and was a pleasant surprise for ...