Exploring different financing options for buyers

Hey there, home buyers! If you’re in the market for a new home, you’ve probably realized that financing can be a bit overwhelming. There are so many options out there, from traditional mortgages to government-backed loans to alternative financing. So, let’s take a closer look at some of the most pop

How Changing Mortgage Rates Can Affect You

The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps show the general relationship

Lower Mortgage Rates Are Bringing Buyers Back to the Marke

As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Now, however, rates are beginning to come down—and buyers are starting to re

What Should you Ask Lenders When Buying a Home?

Buying a home requires more than finding the perfect home. First, you need financing, or you won’t be able to buy the home. Lenders have specific requirements when considering buying a home, so knowing what questions you should ask them is important. How Much do I Need for a Down Payment? Your down