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

Falling Lumber Price Rising Hope

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In: New Home Mortgage News

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In the last few months, the lumber prices have fallen sharply, but that has not been enough to ease the homebuilders. In August on the National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI) showed the sentimentContinue 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

3 Significant Downsides Of Being A Homeowner

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In: New Home Mortgage News

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When you own a house, you get to decorate it the way you want, you are building equity and as a result building wealth. But while there are these advantages of owning, there are also some disadvantages as well.  ThereContinue 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

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

Can A Stipend Income Qualify You For A Mortgage?

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In: New Home Mortgage News

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Last updated on September 8th, 2021 at 03:22 pmFor a mortgage loan application, borrowers need to show that he is earning sufficient income to pay back the loan. But some borrowers receive stipend income payments from a company, school, orContinue Reading

Ways To Wade Through Your Debts

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In: New Home Mortgage News

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There are different types of debts like credit card debt, mortgage debt, student loan debt, or other things. So before repaying, know your debts and identify how you are going to pay them. There are Some Easy Ways to PayContinue 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

The Monthly Payment If You Purchased A Median-Priced Home

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In: New Home Mortgage News

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The median sale price for homes hit $309,800in December of 2020. If you’re considering buying a home you may be wondering if you can afford it. You need to consider what the monthly payment would be and whether it fitsContinue Reading