Steps Towards Affordable Homeownership Despite of Rising Rates

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In: Mortgage News

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Taking out a mortgage is now much more expensive than it was recently. While mortgage rates plummeted during the pandemic and it was possible to obtain a 30-year fixed-rate loan with an interest rate of less than 3%, interest ratesContinue Reading

In Last Ten Years Homeowners Accumulated More than $224k in Home Equity

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In: Home Equity News

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Homeownership is viewed as the biggest wellspring of abundance among families, with the median worth of a primary home worth almost multiple times the median worth of monetary resources held by families. A new Economists’ Outlook blog posted by ScholasticaContinue Reading

Tips for Single Homeowners

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In: New Home Mortgage News

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Last updated on December 5th, 2022 at 10:06 pmHomeownership is viewed as a dream of only the privileged, I know that my parents were friends who got married because they followed the American dream of homeownership and got together toContinue Reading

New Data from Corelogic Shows 2021 to Be a Wonderful Year for Homeowners

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In: New Home Mortgage News

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In the third quarter of 2021 homeowners with mortgages, have collectively made gains of $3.2 trillion noted the analysts at CoreLogic. The Homeowner Equity Report from CoreLogic shows an increase of 31.1% year-over-year (YOY). Since Q3 of last year, theContinue Reading

Racial Slur a Reason for The Growing Gap In Homeownership

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In: New Home Mortgage News

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A new analysis by the Federal Reserve Bank of Philadelphia found that in the state, black mortgage applicants were nearly three times more likely to be denied by lenders compared to white applicants. Researchers say this is the reason forContinue Reading

Hometap Survey Displays Lack Of Awareness Among Millennials

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In: New Home Mortgage News

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According to a new report by home equity investment provider Hometap compared to other generations, the millennials are spending the highest percentage of their monthly income on homeownership costs.  It has been reported that more than half of millennial homeownersContinue Reading

Miami Homeowner Scammed Through A Home Improvement Program

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In: Home Equity News

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PACE home improvement program allows homeowners to complete work without refinancing or pulling out equity by financing the up-front costs of repairs and then repaying them over time.  Recently a scam happened, where a homeowner said that someone took outContinue Reading

Forbearance Moratorium Rises Homeownership Through Alternative Options

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In: New Home Mortgage News

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As the forbearance moratorium expires more homes are expected to hit the auction market thereby creating additional inventory in an otherwise tight supply market.  Provider of mortgage-tech-related services, ServiceLink, opened data from a recent survey showing that a majority ofContinue Reading

Why Is Homeownership Important To A Country’s Development?

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In: Realtor News

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Homeownership especially during the turbulent times of pandemic has been a great source of hope to families, communities, and the Country’s economy. With home sales continuing to skyrocket, it is the greatest blessing to have the benefit of owning aContinue Reading

Going Ahead With Homeownership Dream Even With Low Credit Score

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In: New Home Mortgage News

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With all-time low mortgage rates, it is attracting many to purchase a new home. But if your credit score is low you may not qualify for a loan.  However, there are options available for someone with a low credit scoreContinue Reading