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Archive for the ‘Down Payments’ Category

Multigenerational Households May Be the Answer to Price Increases

Multigenerational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents. According to an article by Realtor.com, “Nearly 1 in 5 Americans is now living in a multigenerational household –… Read More

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3 Questions to Ask Before You Buy Your Dream Home

If you are debating buying a new home right now, you are probably getting a lot of advice. Though your friends and family will have your best interests at heart, they may not be fully aware of your needs and what is currently… Read More

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Historically Low Interest Rates

Increase Your Purchasing Power According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.47%. Rates have remained at or below 3.5% each of the last 16 weeks, marking a historic low…. Read More

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Home Buying Myths

Highlights: Interest Rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! Credit score requirements to be approved for a mortgage continue to fall.

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Thinking About Buying a Home?

Your’re not alone. Over half of Americans are planning on buying a home in the next 5 years. According to the BMO Harris Bank Home Buying Report, 52% of Americans say they are thinking about buying a home in the next five years. Americans… Read More

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Applying For A Mortgage

Why So Much Paperwork? We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when applying for a mortgage today. It seems that the bank needs to know everything about us and requires… Read More

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Do I Need Perfect Credit to Buy a Home?

Highlights: The average FICO score of Approved Conventional Loans was 757 in May The average FICO score of Approved FHA Loans was 688 in May Since April 2013, the ability of Americans to obtain a mortgage has increased substantially. From Keeping Current… Read More

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