Think you need to come up with 20% for a down payment in order to buy a house? It might surprise you to know that the median down payment for first-time buyers last year was just 7%, per the National Association of RealtorsÂ...
Every U.S. metro area tracked by the National Association of Realtors (NAR) in the third quarter of 2020 saw home prices rise, driven by unprecedented demand, low mortgage rates and depleted nationwide housing inventory.
In October, the...
Hey, Millennials. Come on into the real estate market! We really need you to buy some homes so we can keep chugging along. Oh, wait. Prices are rising and so are interest rates, plus inventory is scary low. Hmmm. Well, come on in anyway, w...
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If you're looking up "FHA loan requirements," you are very likely wondering if you qualify for an FHA loan. These mortgages, which are insured by the Federal Housing Administration, help home...
If you're thinking about buying your first home, that pesky down payment has probably kept you awake more than a few nights. We get it—while a pre-approval is crucial for determining your buying power, it's the down payment that shows yo...
Mortgage rates are very low, so it must be time to refinance your home, right? While that will be the case for some borrowers, local lenders are taking a cautious stance.
It depends
“When you quote a rate, everybody wants the...
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The coronavirus crisis has heightened financial anxiety and uncertainty. But if buying a home has been part of your life plan, there's no need to panic. Many Americans will receive stimulus payments in the com...
The Most Expensive Mistakes a Home Buyer Can Make
A home is the single largest purchase most people ever make, but if you’re a newbie to real estate transactions, it can also be one of the most confusing. With so much money on the tab...
Spring has sprung, and home shopping couldn’t be hotter.
Don’t let the daunting prospect of a down payment scare you from joining all the other potential first-timers exploring the housing market.
First of all, there are many opt...