Some of the biggest myths about the home financing process are related to down payments. Here are a few misconceptions about down payments and the reality behind them: MYTH #1: You need a 20% down payment to buy a home. In reality, this is … [Read more...]
Financing 101
Locating Loan Options You have the option to shop around for the terms that fit your needs. Mortgage consultants are trained to pay attention to your home financing goals, help you understand your options and explain how different loan programs work … [Read more...]
Should You Buy a House Now…or Wait?
Making the decision to buy a home is most likely one of the biggest decisions you will make in your life. Since a home purchase is also one of the largest investments—if not the largest—most people will make in their lifetimes, moving forward … [Read more...]
Are we Heading for Another Housing Crisis?
Many people I've talked with recently are concerned that we are heading for another housing crisis like 2008. I don't believe this to be the case and here are my reasons why: The 2008 housing crisis was caused by loose, even reckless, lending … [Read more...]
Outlook for Housing in 2022
Housing was one of the strongest sectors of the economy for 2021, but rising interest rates and inflation are causing many to wonder if sales will continue as strong in 2022. Lawrence Yun, chief economist for the National … [Read more...]
What is Escrow? An Introduction for First Time Home Buyers
Escrow is the process through which a home is bought and sold under the supervision of a neutral third party. The third party oversees the transfer of the property deed and funds to their respective owners, and ensures all contractual guidelines are … [Read more...]
