3 Reasons Why It Is Challenging For Renters To Buy A Home

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In: New Home Mortgage News

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First-time homeowners are experiencing severe macroeconomic headwinds as mortgage rates and fees rise, while higher rents make it harder to save for a down payment. Why it matters: Home ownership is the foundation for building wealth over the long termContinue Reading

Home Purchase Activity Has Increased Another Week

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In: New Home Mortgage News

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Mortgage application volume proceeded with its recuperation last week driven by a second solid expansion in buying activity.  The Mortgage Bankers Association said its Market Composite Index, a proportion of that volume, acquired an occasionally changed 2.0 percent and expandedContinue Reading

Challenges for Renters to Purchase New Home

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In: New Home Mortgage News

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Heaps of renters need to purchase a home. Loads of them can’t. The principal obstructions are monetary, says another report from Redfin, the tech-fueled land business.  About a third of renters say they’re not able to put something aside forContinue Reading

Avoid Buyers Remorse

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In: New Home Mortgage News

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In the past one and half years COVID real estate market has been a hot market for buyers. And now buyers who purchased homes in the past year are already experiencing buyer’s remorse. When you make an investment in aContinue Reading

What Exactly Does The 2 Year Job History Mean For Home Buying

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In: New Home Mortgage News

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One of the requirements to get a home loan is providing proof of 2 years of consistent employment.  But it doesn’t mean that you’re not qualified for home buying if you have just started your career or recently switched careers.Continue Reading

Is Your Home Too Expensive For You?

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In: Refinance News

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We have often seen people getting excited to come across their dream house in this time of low supply and going ahead and burning their hands with homes that cost more than they can afford.  Here is how to knowContinue Reading

Mortgage Rate Today And Preparation For Home Buying

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In: New Home Mortgage News

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According to Bankrate.com today, the average rate on a 30-year fixed mortgage is 3.08% with an APR of 3.30% the rate went down 2 basis points since the same time last week from 3.10%. The 15-year fixed mortgage has anContinue Reading

How Can Non-Conventional Loan Fulfill Your Home Buying Dream?

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In: New Home Mortgage News

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Last updated on November 21st, 2023 at 10:11 pmBefore assuming a mortgage is unaffordable, potential homebuyers need to educate themselves and find what can they qualify for, and then make the decision if a home is affordable or not.  ItContinue Reading

Tips To Buy Your Dream Home

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In: New Home Mortgage News

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In this hot real estate market, every homebuyer should take these steps to land their dream home. On Monday during News 8 at Sunrise, these steps were discussed by the ESL Federal Credit Union Vice President and Director of MortgageContinue Reading

How To Buy A Home After Bankruptcy

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In: New Home Mortgage News, Realtor News

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Last updated on February 3rd, 2021 at 11:41 amIf you’re one of the millions of Americans who have declared bankruptcy financial recovery can seem difficult but don’t give up.  According to a study by the Consumer Financial Protection Bureau, People’s creditContinue Reading