Real Estate Industry News & Insights
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If the value of your home is depreciating, you could have an upside down mortgage — here’s what you should know
Source: CNBC --- Buying a home often seems like a promising strategy to build wealth since your monthly mortgage payments can help you build equity, and home values typically appreciate over time. However, sometimes due to housing market conditions, your home’s value...
Everything You Need To Know About Government-Backed Mortgages And Loans
Source: Forbes --- Government-backed mortgages can be easier to qualify for compared to conventional loans. This can make them a good choice if you have a lower income, don’t have perfect credit or can’t afford a large down payment. Some borrowers might also qualify...
Additional Reading: Top Real Estate Industry News & Headlines
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The Cost of Buying a Home Is Up 50% From a Year Ago—but Here’s Where You Could Get a Break
Source: Realtor.com --- Ayear ago, the great majority of American homebuyers despaired over the state of the housing market. Prices had hit record highs. There were so few homes for sale that lines for open houses stretched for blocks and move-in ready places in...
Forbearance rate drops below 1%, lowest level since June 2020
Source: Housing Wire --- Servicers’ forbearance portfolio volume dropped in April to a level below 1%, with fewer than half a million borrowers remaining with an active plan, according to the monthly Loan Monitoring Survey conducted by the Mortgage Bankers...
5 Things That Should Happen During A Home Inspection
So, you found the perfect home (nice!) and you put in an offer (very nice!) and your offer was accepted (SUPER nice!)… now it’s time to have your new purchase inspected. Continue Reading 5 Things That Should Happen During A Home Inspection
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