There are few things more important to the process of financing a home than credit. Better credit means more financing options and often better rates, which will save you money. When you hear the term credit score, it actually means the middle of the three scores that lenders pull from three different credit bureaus. The […]
Archives: November 2014
Adjustable Rate Mortgages: What You Must Know
With the record-low interest rate environment that we find ourselves in these days, adjustable rate mortgages (ARMs) seem to be more attractive than ever. After all, ARMs often have lower rates than their fixed rate counterparts. However, there are a few things that buyers should take into consideration before getting into an ARM. The First […]
More US Home Buyers Returning to Market Because of Easier Mortgage Rules, Stable Rates
More and more home buyers are returning to the US housing market because they’re noticing favorable market conditions. Specifically, buyers are feeling more comfortable about navigating the market thanks to interest rate stabilization and easier mortgage rules, according to a recent article by Reuters. This is fantastic news for the overall health of the housing […]
An Appraisal May Make or Break Your Deal
An appraisal is an important part of any home purchase. This is an evaluation, ordered by lenders, that tells them exactly what their money is going towards; because they focus on the actual value of your property, appraisals are different than home inspections. An inspection looks deeply into the condition of a property, but is […]
Adjustable Rate Mortgages: Are They a Good Fit?
Adjustable-rate mortgages are often an attractive option to their fixed-rate counterparts, as the rates are often significantly lower. But are adjustable-rate mortgages a good fit for you? For some period of time after you take out an adjustable-rate mortgage, it has a fixed rate. After that time period has expired, the rate fluctuates based on an agreed-upon […]
US Home Sales Rose In September, Report Shows
U.S. homes sold at a faster rate in September than any other time this year, a recent report from the National Association of Realtors said. Evidently, sales of existing homes increased 2.4 percent from the previous month to a seasonally adjusted annual rate of 5.17 million. Experts are saying that this increase is a great sign that […]
