In the luxury home market, sales in the $750,000 to $1,000,000 range have increased by 15 percent in 2016 over 2015 sales. In the over $1,000,000 category, the increase is smaller at 12% but still significant. While home prices for lower priced homes are going up at twice the rate of more expensive properties, the more … Continue reading Home prices still on the rise?
Weighing the pros and cons between renting a home and buying one of your own? You’re not the only one! With rent prices skyrocketing across much of the US and mortgage rates staying low, a lot of people are starting to reevaluate their housing situation. In today’s post, we’ll explore buying vs renting and point … Continue reading Buying or Renting? Exploring the Pros and Cons
More US homeowners are choosing to refinance, thanks to lower interest rates amid the Brexit vote. According to Mortgage News Daily, the Mortgage Bankers Association (MBA) Refinance Index fell back by 1 percent for the week ending July 15; however, the refinance share of mortgage applications continued to increase, rising 64.2 percent from 64.0 percent the week … Continue reading Mortgage refinance increase as rates affected by Brexit
Getting a mortgage is exciting, but it can be pretty stressful, too. After all, a mortgage is likely the largest financial transaction you’ll make in your lifetime, so for most borrowers, the pressure’s high to get everything right. In order to alleviate some of that pressure and help reduce your mortgage-related stress, we compiled a … Continue reading Mortgage Mistakes to Avoid Part II
As you probably already know, your credit score is an integral piece of your overall financial picture. Your credit score has the power to help you get more credit, get approved for a lease, and when you’re ready, buy a home. But what constitutes a ‘good’ credit score? And just how good does your credit … Continue reading What credit score do I need to get a mortgage?