The Rise of Co-Buying: A Modern Solution to Housing Affordability Challenges
In an era where housing affordability has become increasingly challenging, co-buying has emerged as a viable solution for aspiring homeowners. With the national median home price reaching $417,700 in Q4 2023 and mortgage rates hovering around 6.8%, many potential buyers are exploring alternative paths to homeownership. This growing trend of purchasing property with friends, family […]
A Breakdown of the Most Popular Types of Mortgages Today
Whether you’re a first-time homebuyer or a seasoned real estate investor, finding the right mortgage can make all the difference in securing the home you want while staying within your budget. Today’s mortgage market offers a variety of options tailored to different financial needs, down payment capabilities, and property goals. From the security of a […]
How to Buy Down Your Mortgage Rate: A Guide for Potential Homebuyers
As you explore mortgage options to finance your new home, you may come across the concept of a “rate buy-down.” This is a valuable strategy that allows you to secure a lower mortgage interest rate, which can lead to significant savings over the life of your loan. In this article, we’ll walk you through what […]
What To Know About Closing Costs
Now that you’ve decided to buy a home and are ready to make it happen, it’s a good idea to plan ahead for the costs that are a typical part of the homebuying process. And while your down payment is probably the number one expense on your mind, don’t forget about closing costs. Here’s what […]
Helpful Negotiation Tactics for Today’s Housing Market
If you haven’t already heard, homebuyers are regaining some negotiating power in today’s market. And while that doesn’t make this a buyer’s market, it does mean buyers may be able to ask for a little more. So, sellers need to be ready for that possibility and know what they’re willing to negotiate. Whether you’re looking […]
What You Need To Know About Today’s Down Payment Programs
There’s no denying it’s gotten more challenging to buy a home, especially with today’s mortgage rates and home price appreciation. And that may be one of the big reasons you’re eager to look into grants and assistance programs to see if there’s anything you qualify for that can help. But unfortunately, many homebuyers feel like […]
Savings Strategies Every First-Time Homebuyer Needs To Know
If homeownership is on your goal sheet for your future, you’re probably working on your savings. And a big priority is making sure you’ve got a plan in place for things like your closing costs, down payment, and more. Here are a few strategies that can help speed up that process. Budget and Track Your […]
Ways To Use Your Tax Refund If You Want To Buy a Home
Have you been saving up to buy a home this year? If so, you know there are a number of expenses involved – from your down payment to closing costs. But did you also know your tax refund can help you pay for some of these expenses? As Credit Karma explains: “If one of your […]
Don’t Let Your Student Loans Delay Your Homeownership Plans
If you have student loans and want to buy a home, you might have questions about how your debt affects your plans. Do you have to wait until you’ve paid off those loans before you can buy your first home? Or is it possible you could still qualify for a home loan even with that […]
What To Know About Credit Scores Before Buying a Home
If you want to buy a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a mortgage. Lenders review your credit to see if you typically make payments on time, pay back debts, and more. Your credit score can also help determine your mortgage […]
