Mortgage Industry News
How to Choose a Mortgage Lender
Source: Total Mortgage --- When you are house hunting, choosing the right mortgage lender can be just as important as finding your dream home. While some aspects of the home buying process are standard, there are nuances surrounding mortgage products and the terms...
Failing to qualify, or just cold feet? More homebuyers backing out of deals in 2022
Source: First Tuesday Journal --- More buyers backing out Real estate deals are faltering as home sales volume continues its downward path. In June 2022, roughly 60,000 home sales fell through nationwide, translating to 14.9% of homes under contract. This is the...
Redfin Survey: One-Third of Millennial Homebuyers Are Using Extra Savings From the Pandemic for Their Down Payment
Source: Redfin --- Private outdoor space is the number one feature buyers are looking for this year. Rising prices are the top concern, reflecting America’s hot housing market, with price growth hitting double digits every month this year. For nearly one-third (31%)...
Why You Should Not Pay Off Your Mortgage
Source: Forbes --- I’ve been investing in real estate for over 15 years, but at the beginning, like most people, I immediately began trying to pay off my mortgage, figuring the quicker I got rid of the debt, the better. Then, I finally realized something that has...
First-Time Homebuyer Loans & Programs
Source: Point2Homes --- Buying a home might seem simple, but there’s actually a lot more involved than you might initially think. For instance, in addition to a variety of new terms to understand, there’s also paperwork to complete and fees to pay before closing on...
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