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A takeaway for you: In 2006, lending standards were much more relaxed with little evaluation done to measure a borrower’s potential to repay their loan. Today, standards are tighter, and the risk is reduced for both lenders and borrowers. These are two very different housing markets, and today is nothing like the last time.   Several times a year, the Mortgage Bankers Association Continue Reading about Lets ease your concerns about the possibility of riskier lending habits that led to the housing crash 15 years ago: Why Home Loans Today Aren’t What They Were in the Past

A takeaway for you: If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to Continue Reading about There are numerous sophisticated factors to balance in this market, consider this one carefully...: Why Rising Mortgage Rates Push Buyers off the Fence

"Take Away" Funding your home purchase or sale can feel like a daunting task, but it doesn’t have to be. Your tax refund can help you reach your goals. Let’s connect to discuss how you can start on your journey. Here's a "Take Away" for you: Turning in your tax returns is just half the battle. Making the most of your tax return is the other half. And, there’s no better way to spend it than Continue Reading about Using Your Tax Refund To Achieve Your Homeownership Goals This Year

What You Need To Know if You’re Thinking About Building a Home Take Away Owing to a historic inventory crunch, new construction is playing a more prominent role in the housing inventory landscape in decades. In December 2021, 34.1% of U.S. single-family homes on the market were new builds, according to a report by Redfin. A year prior, only 25.4% of homes for sale were new Continue Reading about What You Need To Know if You’re Thinking About Building a Home

Take Away Just a few weeks ago, the 30-year fixed mortgage rate from Freddie Mac approached 4% for the first time since May of 2019. If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent months, especially since January of this year. And just a few weeks ago, the 30-year fixed mortgage rate Continue Reading about How Global Uncertainty Is Impacting Mortgage Rates

Take Away A pre-approval letter from your lender signals a "green light" to sellers that you’re a serious buyer. You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to Continue Reading about Why Pre-Approval Is Key for Homebuyers in 2022

Take-Aways Nearly Half of Americans would move for their Pets. 43% of households would change their living situation for their pets. 68% say community animal policies influenced where they chose to live. Continue Reading about A Happy Tail: Pets and the Homebuying Process [INFOGRAPHIC]