Rocket Mortgage Groundbreaking ONE+ Program Offers a Remarkable 1% Down Payment Scheme

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In: New Home Mortgage News

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Rocket Mortgage, a retail home lender, has unveiled its newest offering called ONE+.  This innovative program enables homebuyers to contribute a mere 1% down payment towards the purchase price of a property, while Rocket Mortgage graciously covers the remaining 2%Continue Reading

Veros Real Estate Solutions Expects Home Prices to Turn Negative in 2023

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In: New Home Mortgage News

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Veros Real Estate Solutions expects home prices to turn negative, falling an average of 0.5% over the next 12 months, the first negative forecast in more than a decade. According to Veros’s VeroFORECAST for the fourth quarter of 2022, aContinue 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

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

Do's and Don’ts for First Time Home Buyers

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In: New Home Mortgage News

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Last updated on December 15th, 2022 at 09:19 pmWhile going in for a mortgage loan on their dream home first-time homebuyers should take care of some basic dos and don’ts because a loan process can be quite overwhelming. Do’s AContinue Reading

Help For Med School Grads To Own Home

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In: New Home Mortgage News

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COVID-19 related federal student loan forbearance will end in January 2022, forcing many medical school graduates to start making their payments.  So upcoming doctors will need to cope with this debt, workplace stress, and the challenge of affording a newContinue Reading

U.S. Annual Home Prices Increased a Record 18% in July

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In: New Home Mortgage News

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U.S. home prices rise 18% in July compared to the previous year, consistent with a CoreLogic Inc. report released Tuesday. This jump is that the biggest 12-month gain within the index since the series began 45 years ago.  On a month-over-month basis, home prices rise byContinue Reading

Is Fixer–Upper Right For You?

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In: New Home Mortgage News

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According to a TD Bank survey of first-time homebuyers in 2021, 71 % aren’t looking for a dream home but they’re shopping for a starter home or fixer-upper. Older homes can be a good compromise for buyers resulting from theContinue Reading

Home Sales To Relapse Soon

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In: New Home Mortgage News

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Last updated on September 8th, 2021 at 03:22 pmFor the fourth consecutive month of an existing home, sales have dropped 0.9% in May because of short housing supply and strong buyer demand reported the National Association of REALTORS.  According toContinue Reading

Increase In New Home Mortgage Applications

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In: New Home Mortgage News

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April 2021 of Mortgage Bankers Association Builder Application Survey shows an increase of 30.8% in U.S. mortgage applications for new home purchases compared to last year.  Compared to March 2021, there was a decrease in the application by 9 %.Continue Reading