Home Mortgages: Rates Up, Requirements Easing The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the mortgage market is that requirements to get a mortgage have eased while rates have risen. […]
Millennials Flock to Low Down Payment Programs A recent report released by Down Payment Resource shows that 65% of first-time home buyers purchased their homes with a down payment of 6% or less in the month of January. The trend continued through all buyers with a mortgage, as 62% made a down payment of less […]
Careful…Don’t Get Caught in the Rental Trap! There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns […]
Monday April 10, 2017 When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all three goals, a […]
Again… You Do Not Need 20% Down to Buy NOW! Friday, April 7, 2017 A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. There are two major misconceptions that we want to address. 1. Down Payment The survey […]
The “REAL” News about Housing Affordability Some industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the […]
When you first contemplate packing and moving to or from Roseville, it’s advisable to take a deep breath first, then close your eyes and mentally recall the best, most positive moments from past moves.
Okay, if there aren’t any of those, try thinking of some bracing truism like “This, too, shall pass” or “The night is darkest just before the dawn.” Realistically, the packing and moving will be over before you know it. Those visions of jackknifed moving vans and your good china strewn across the Interstate…they’re NOT going to happen!
