Tag: First Time Homebuyers

Why It’s More Affordable To Buy a Home This Year

Posted on 01/30/2024

Home affordability depends on three factors: mortgage rates, home prices, and wages. Mortgage rates are down from their recent peak, home prices are expected to rise at a slower pace, and wages are increasing faster than usual. That’s good news if you want to buy a home because it means affordability is getting better....

Are More Homeowners Selling as Mortgage Rates Come Down?

Posted on 01/24/2024

If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In Effect Over the past year, one factor that’s really limited the options...

Mortgage Rates

Housing Market

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Posted on 01/23/2024

Experts Project Home Prices Will Increase in 2024

Even though home prices are going up nationally, some people are still worried they might come down. In fact, a recent survey from Fannie Mae found that 24% of people think home prices will actually decline over the next 12 months. That means almost one out of every four people are dealing with that fear, and you might...

Housing Market

Key Terms Every Homebuyer Should Learn

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Posted on 01/22/2024

Buying a home is a big deal and can feel especially complicated if you don't know the terms used during the process. If you want to become a homeowner this year, it's a good idea to learn these key housing terms and understand how they relate to the current housing market. That will help you feel confident when...

3 Key Factors Affecting Home Affordability

First Time Homebuyers

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Posted on 01/18/2024

Over the past year, a lot of people have been talking about housing affordability and how tight it’s gotten. But just recently, there’s been a little bit of relief on that front. Mortgage rates have gone down since their most recent peak in October. But there’s more to being able to afford a home than just mortgage rates....

Avoid These Common Mistakes After Applying for a Mortgage

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Posted on 01/10/2024

If you’re getting ready to buy a home, it’s exciting to jump a few steps ahead and think about moving in and making it your own. But before you get too far down the emotional path, there are some key things to keep in mind after you apply for your mortgage and before you close. Here’s a list...

Credit

Credit History

Thinking About Buying a Home? Ask Yourself These Questions

Posted on 01/03/2024

If you’re thinking of buying a home this year, you’re probably paying closer attention than normal to the housing market. And you’re getting your information from a variety of channels: the news, social media, conversations with friends and loved ones, the list goes on and on. Most likely, home prices and mortgage rates are coming up a lot....

What You Need To Know About Saving for a Home in 2024

Posted on 12/28/2023

If you’re planning to buy a home, knowing what to budget for and how to save may sound intimidating – but it doesn’t have to be. One way to ease those concerns is to make sure you understand some of the costs you may encounter up front. And to do that, reach out to us. We can help...

What You Need To Know About Down Payments

First Time Homebuyers

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Posted on 12/17/2023

If you want to buy a home, you may not need as much for your down payment as you think. There are various loan options for qualified buyers with down payments as low as 3.5% or even no down payment requirement. There are also thousands of programs available to help homebuyers with their down payments. With the right...

First Time Homebuyers

The Perfect Home Could Be the One You Perfect After Buying

Posted on 12/11/2023

There’s no denying mortgage rates and home prices are higher now than they were last year and that’s impacting what you can afford. At the same time, there are still fewer homes available for sale than the norm. These are two of the biggest hurdles buyers are facing today. But there are ways to overcome these things and...