Tag: first time home buyers

Figuring out how much home can I afford is a common question for many prospective homeowners. Our home affordability calculator simplifies this by providing a clear estimate based on your financial details. Why Use a Mortgage Budget Tool? When setting out on the journey to buy a new home, many turn to a mortgage budget tool to set realistic expectations. Using a house cost estimator like ours ensures you only view properties within your financial capability. Consider our platform as your personal property affordability tool, guiding you in every step of the home buying journey. Benefits of a Home Purchase...

Impact of Rising Interest Rates on Mortgage Plans The Concern Around Increasing Mortgage Rates The recent and rapid increase in interest rates has certainly created concern. While the 11 increases in the Fed Benchmark Rate since the Fed began its inflation fight in March 2022 do not have a direct impact on mortgage rates, 11 straight rate increases currently the top story all over the media does shock the market. Mortgage rates have increased from a low of 2.96% in 2021 to an average mortgage rate close to 7% in 2023 creating concern for prospective buyers. Understanding the 30-Year Mortgage...

Kay stopped by The American Dream to talk about rising interest rates and their potential impact on a home purchase.    

Kay stopped by The American Dream to talk about the benefits of homeownership and great programs for first-time homebuyers.  

Deciding to purchase a home is a big decision!  Today we are here to debunk the top home buying myths that our home buyer clients have! Myth #1: You must have 20%  for your down payment False! Between the rising cost of living in our area and the growing amount of student debt that many prospective buyers are carrying, it seems like it is getting harder and harder to save 20% for a downpayment! While it is true that putting 20% down helps you to lock in a lower interest rate and avoid monthly mortgage insurance, don’t despair if you...