Buying a new home requires managing a lot of moving parts, from mortgage preapproval to closing. Even after an offer is accepted, buyers and sellers are still at the negotiating table. If closing costs or surprise expenses become too much for the buyer, a seller concession could help seal the deal. Although seller concessions can […]
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Nothing compares to scrolling through listings until you find the home with the perfect garden, garage, and floors. Then comes the less fun part: figuring out how to finance your home purchase. For the vast majority of people, acquiring a new home means taking out a mortgage, a loan for the part of the house […]
The post What Is A Conventional Home Loan? appeared first on SoFi.
Maybe youâve considered refinancing your mortgage, but youâve only dipped your toe in the exploratory waters. Is now the right time? Will rates stay low? Could they go lower? It can be hard to know when to take the plunge. Whether you purchased a home recently or bought a home years ago, you probably noticed […]
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Maybe you saved up money over the past few years, got a hefty raise, or received an inheritance. Whatever the reason, you now have the means to pay off your mortgage early. Isnât that the best move? It just depends. It can be tempting to rush to pay off your home loan when you have […]
The post When to Consider Paying off Your Mortgage Early appeared first on SoFi.
Itâs no secret that the real estate market frequently sees pivots, changes, and even crashes. After surviving the recent recession, many homeowners and investors are paying close attention to the market and its changes. As trends and the economy changes, so does the real estate market, so what can we expect to see in the 2020 real estate market? Freddie Mac, a government-owned entity that backs mortgages, recently released their 2020 market predictions.
The post What The 2020 Real Estate Market Could Look Like appeared first on Homes.com.
While nobody knows if or when the next recession will be, itâs important to make cautious and wise financial decision now that your future-self will thank you for. Here’s how to hedge your bets and protect yourself during the next recession.
The post Staying Prepared in a Recession | Tips for Financially Protecting Your Home appeared first on Homes.com.
I was so excited when I bought my first home, but I started panicking when I realized my finances weren’t what I thought they were.
The post ‘I Worked Five Jobs To Afford My First Home’: Was It Worth It? appeared first on Real Estate News & Insights | realtor.com®.
Perhaps the most damaging aspect of the chronic drought of homes for sale is the destructive way shortages are concentrated on the least expensive properties on the marketâ the starter homes that are the gateways to homeownership.
The post How Low Mortgage Rates are Making Housing Shortages Even Worse appeared first on Homes.com.
Millions of homebuyers take months to find the home of their dreams, but about half don’t shop at all for the mortgage lender. In fact, shopping for the right lender is just as important as shopping for your dream home and, in the midst of the COVID-19 crisis, here are some updates you’ll NEED to know.
The post How to Hire the Right Mortgage Lender and Updates on Lending During COVID-19 appeared first on Homes.com.
As investors and home buyers are re-evaluating and sellers remain unsure of whatâs next, itâs important to understand how the Coronavirus has impacted the industry, but also how real estate professionals are working to mitigate the impacts.
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