Homeownership Is Full of Financial Benefits A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents: 88% – a better chance of saving for retirement 87% […]
Homeownership And All Its Benefits Read More »
What Does It Mean For The Seller? If you’ve ever considered selling your home in the near future, now is the time to get serious and get to it. Here’s why this is the ultimate sellers’ market and the best time to make sure your home is affordable to buyers looking for a home to buy. The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a 2-month supply (March 2021) at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or
What Does A Sellers Market Means? Read More »
What Are Credit Scores Doing In The Market? The average FICO® score on closed loans reached 753 in February, according to Ellie Mae’s most recent Origination Insight Study. Due to the recent tightening of lending requirements, many people are worried about whether or not their credit score is good enough to apply for a mortgage.
What Credit Score Do You Need For A Loan? Read More »
Why should You take advantage of the rates? While mortgage rates are increasing this year, they are still extremely low when compared to the historical average. That being said any adjustment in the mortgage rate, on either end, has an effect on how much you can borrow to purchase your home whether good or bad.
What Effect Does a Change in Mortgage Rate Have on Your Homebuying Budget? Read More »
