Real Estate News 1/22/19
After nearly four years of annual declines in inventory, the number of homes for sale has now increased year-over-year for three straight months. That’s a bit of good news for home shoppers who face less competition as homes stay on the market for longer. But inventory levels...
Reasons to Refinance When Rates are Rising - 5 Examples
In previous posts, we talked about the current rise in mortgage rates and whether it's still a good time to buy a home (yes it is!).
This week, we want to focus on refinancing and whether you should consider it in this market. While it may not be the right time to refinance for all homeowners,...
Real Estate News 1/14/19
Older American homeowners have a greater degree of financial well-being than those who do not own a home, while lower housing costs are also correlated to more positive financial well-being. This is according to a survey titled “Financial Well-being of Older...
Credit Score Requirements For 2019 Homebuyers
Your credit score is the first thing we review when applying for a home loan. While there are many factors involved in qualifying, your FICO is the most critical. The minimum credit score needed in 2019 to qualify depends mostly on the type of home loan you are looking to get.
Real Estate News 1/7/19
Higher rates prices have led to high anxiety among many buyers about whether they can afford the home of their dreams. But many house hunters aren’t aware of a plethora of low down-payment loans that can clear their path to homeownership. Lending experts say the combination...