Seasonality has a significant impact on the real estate market, influencing both buyer and seller behavior. Here are some key points to consider when discussing the impact of seasonality: 1. Demand and Inventory: The number of buyers and sellers in the market fluctuates throughout the year. Generally, the spring and summer months see increased activity, as…
Finally ready to make the transition into home ownership? Great! During this exciting time you may be turning to friends and family for insight into the process. However, there seems to be a circulation of misinformation, so we’re here to clear up a few myths. 1. THE FIRST STEP IS SEARCHING FOR A HOME You…
Getting a mortgage is, by general consensus, the most treacherous part of buying a home. Many homebuyers said they found the mortgage experience stressful and complicated. Even lenders agree that it’s often a struggle. If you’re out to buy a home, you have to be vigilant. To clue you into the pitfalls, here are six…
Getting a mortgage is, by general consensus, the most treacherous part of buying a home. Many homebuyers said they found the mortgage experience stressful and complicated. Even lenders agree that it’s often a struggle. If you’re out to buy a home, you have to be vigilant. To clue you into the pitfalls, here are six…
Buying a home is an exciting process that buyers should enjoy. Unfortunately, many first time homebuyers can feel overwhelmed with all of the advice they receive from family members or friends who have already gone through the process. While it’s nice to hear different perspectives, it is important to remember that every buyer has a…
A reverse mortgage is a loan based on the current paid-up value or equity in your home. Instead of making a monthly mortgage payment, your lender can use your equity to pay you a set monthly amount, provide a credit line for you to draw upon as needs arise, or pay out a lump sum…
The spending season is upon us. But that doesn’t mean you should be spending in excess everywhere you go. Just like you may be waiting for the best deals on those perfect holiday gifts, you also should be aiming for the best deal if you’re shopping for a home mortgage. Unfortunately, just like the flurry…
Some of them have been around since you were a child. Some you may have found in college. Some may even be in your neighborhood or at work. No, we’re not talking about your sweater collection—though sweater season is in full swing. We’re talking about your friends. You know, the people who you rely on,…
MYTH: You must have a 20% down payment to buy a house. TRUTH: Different loans require different down payments—some as low as 0%! MYTH: Pre-qualified means the same thing as pre-approved. TRUTH: A pre-qualification is a quick assessment of how much money you can borrow based on info you provide—no documentation necessary. A pre-approval letter…