If you’re a homeowner, odds are your equity has grown significantly over the last few years. Home equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think. According to the latest Equity Insights … Continue reading Four Ways You Can Use Your Home Equity
When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision and inflation affect you and your plans to buy a home? Here’s what you need to know. The Fed is trying hard to reduce inflation. … Continue reading How Inflation Affects Mortgage Rates
The home buying process can be daunting when it is your first time. Fortunately, each state has its own rules, regulations, and programs that are designed to help you get into a home. If you are thinking about or in the process of becoming a first-time home buyer in the Peach State, you may qualify … Continue reading Georgia First-time Homebuyer Assistance Programs
Shopping for a home involves many factors including location, budget, and timing. Taking advantage of various programs can help first-time homebuyers experience an affordable and satisfying home buying process. Qualified prospective Georgia residents can take advantage of one of the best programs the state has to offer— the Georgia Dream Homeownership Program. Georgia Dream Homeownership … Continue reading What Is the Georgia Dream Homeownership Program?
The cost of owning a home is never cheap; however, it is the best investment you can make for your future. While there are loan programs designed to help every type of borrower achieve their dream of homeownership, it is not uncommon for millennials to feel unsure and uninformed about the right steps to take … Continue reading Millennials’ Guide to Buying Their First Home
The mortgage process can be extremely quick, going from application to closing in just a few weeks, or it can be a lengthy affair that can last up to several months, if not longer. For a first-time homebuyer, the mortgage process can seem confusing and overwhelming with all of the unfamiliar terminology, paperwork, and information … Continue reading What to Expect From the Mortgage Process
Many millennial-age, first time homebuyers often view mortgages as daunting and intimidating experiences because they are either overwhelmed by the process or are unsure if they’ll be able to afford the home of their dreams. However, millennials are not alone in their apprehension about seeking mortgage advice. In fact, regardless of their age, many people … Continue reading Why You Shouldn’t Be Nervous About Seeking Mortgage Advice
Before you decide to sell your house, it’s important to know what you can expect in the current housing market. One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal. To better understand what’s been happening with today’s mortgage rates, the graph below … Continue reading Are Homebuyers Getting Used to Today’s Mortgage Rates?
Lending out large sums of money is something that banks and mortgage companies consider carefully; therefore, getting approved for a mortgage can be difficult, especially if you have a high debt-to-income ratio, low credit score, or can only offer a minimal down payment. Lenders will consider a number of factors when deciding whether to approve … Continue reading Top Tips for Getting Approved for a Mortgage
Being a homeowner is one of the largest financial commitments a person can make. Homeownership can become difficult to maintain, however, if your financial situation fluctuates, often calling for adjustments. Loan modifications and loan refinancing are two options that can help you achieve more favorable terms on your mortgage, but which is best for you? … Continue reading Loan Modification vs Refinance: Which Is Best For You?
