The Mortgage Process: What You Need to Know
Some Highlights:
-
Many buyers are purchasing a home with a down payment as little as 3%.
-
You may already qualify for a loan, even if you don’t have perfect credit.
-
Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.
To see original article please visit Keeping Current Matters.
Don’t Expect a Flood of Foreclosures
Before there can be a significant rise in foreclosures, the number of people who can’t pay their mortgage would need to rise. Since buyers are making their payments today, a wave of foreclosures isn’t likely.
Where Are People Moving Today and Why?
If you’re thinking of moving, you may be considering the inventory and affordability challenges in the housing market and how to offset these.
There’s Only Half the Inventory of a Normal Housing Market Today
If you want to list your house, know that there’s only about half the inventory there’d usually be in a more normal year.
Four Ways You Can Use Your Home Equity
Understanding how home equity works, and how to leverage it, is important for any homeowner.
Sellers: Don’t Let These Two Things Hold You Back
If fear you won’t be able to find your next home is the primary thing holding you back, remember to consider all your options.
Pricing Your House Right Still Matters Today
Pricing your house fairly based on market conditions increases the chance you’ll have more buyers who are interested in purchasing it.
Homebuyers Are Still More Active Than Usual
Buyer demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.
Don’t Fall for the Next Shocking Headlines About Home Prices
In the coming months, you’re going to see even more headlines that either get what’s happening with home prices wrong or are misleading.
Foreclosure Numbers Today Aren’t Like 2008
Today, foreclosures are far below the record-high number that was reported when the housing market crashed.
Explaining Today’s Mortgage Rates
Factors such as inflation, other economic drivers, and the policy and decisions from the Federal Reserve are all influencing mortgage rates today.