If you're trying to buy a new home, few things are more frustrating than a hot real estate market. When home prices are climbing fast it can feel like you'll never be able to save enough for your down payment. In today's post we'll share a few ways that you can get in – even if you're feeling priced out. Start Smaller And Upgrade Later If you're a single professional or a young couple, it might be wise to start with a smaller starter home. While a townhouse or condo might not feel as large … [Read more...]
What’s Ahead For Mortgage Rates This Week – March 13, 2017
Last week's economic readings included reports on construction spending, Case-Shiller Home Price Indices and pending home sales. Fed Chair Janet Yellen said in a speech that federal interest rates would "likely" be raised. Weekly reports on new jobless claims and mortgage rates were also released. Pending Home Sales Slump as Available Homes Dwindle Pending Home sales fell in January as inventories of available homes declined. Prospective buyers faced with fewer choices may have chosen to wait … [Read more...]
Did You Know: 3 Reasons Why Mortgage Pre-approval Should Be Your Very First Step
There are so many details involved in the mortgage process that you may not be aware of what pre-approval is if you've just entered the market. However, pre-approval assesses your ability to make monthly mortgage payments and can be an important first step in the home-buying process. If you're currently contemplating a home purchase, here's why you may want to consider pre-approval first. Improved Agent Attention Real estate agents may be reluctant to spend the time or put significant effort … [Read more...]
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