You may have heard the good news about mortgage rates being at a three-year low. What many people don’t realize, however, is that most lenders require a credit score of at least 740 in order to qualify for those low rates. If your credit score is lower than that, you’ll end up with higher interest […]
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When purchasing a new home, one of the many factors to keep in mind is future demand for that home: How easily will you be able to sell it down the road? What will increase your chances of profiting as much as you can on the future sale? We already know the importance of features
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There’s so much to love already about beautiful California; now we can add walkable and urban-farming-friendly cities to the list. If either or both of these are important to you, the Golden State is the place to be, according to two recent Redfin studies. Three California cities made Redfin’s list of most walkable, easily leading
California Leads the Nation in Walkability and Urban Farming Read More »
Shopping for a mortgage can be confusing and overwhelming. The internet is oversaturated with advice, and lenders seem to speak a language you don’t understand. What is the difference between APR and mortgage interest rate? How will they actually affect you now, or in the long run? What Are They? Let’s take a look at
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As a first-time homebuyer, maybe you are looking for advice, or maybe you have received more advice than you know what to do with. The process can be a bit overwhelming, but the more you can learn from experts and from the experiences of others, the smoother your home buying process will go. We’ll cover
First-Time Homebuyer? Here Are 3 Great Tips to Get You on Your Way Read More »
Closing on a home should be the most exciting part. After all, this is when you actually get handed the keys and you can call yourself a homeowner. To many, however, closing can be confusing and a little intimidating, if you don’t know what to expect. We’ll break it down for you here. What
Always Be Closing: The ABCs of Closing on a Home Read More »
Despite the many predictions that mortgage rates would rise in 2016 after the Federal Reserve raised interest rates in December, they have actually declined for the fourth week in a row, according to the Freddie Mac weekly mortgage rate survey. Why do rates continue to decline? News about low mortgage rates has been eclipsed only
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Have you resolved to buy or sell a home this year? Or maybe both? Here are a few things you can expect to find if you’re entering the housing market in 2016: 1. Interest rates will go up This is not really news. Experts have been predicting an increase in mortgage rates ever since the Fed
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After you decide to buy a home, you are probably thinking the next step is to start house hunting. But before you can begin shopping for your dream home, you need to determine whether you can afford to take on the debt burden of a mortgage, and how much mortgage you are comfortably able to
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According to a recent post by Mary Hunt, the “Everyday Cheapskate,” there are few mistakes prospective homebuyers can avoid, in order to protect themselves from getting in over their heads and potentially save thousands when it comes to a mortgage. Hunt’s advice is geared toward first-time homebuyers, who could be more likely to jump in
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