Category: Experienced Homebuyer

Whether you’re a first-time homebuyer or just haven’t gone through the process in a while, you may be wondering what mortgage points are and if paying for points is worth the cost.

Finding the perfect house for your family is one of the most important parts of the homebuying process. But it’s not the only thing you need to do to get ready for the transition from renter to homeowner. You also want to get the low interest rate on your home loan that will support a monthly payment that makes you comfortable. If you are worried that rates will rise between the time you apply for your mortgage and the closing date, you can lock in your mortgage interest rate early in the process. Here’s what you need to know:

You want a home that’s a good fit for your family. You could renovate your current place, or you could move. Which is the right option for you?

Have you thought about paying your mortgage off faster? Learn why and how.

Refinancing your home essentially means trading in one mortgage for another. There are many reasons you might want to refinance your home: to reduce the interest rate, take out equity for home projects, or reduce other debt. Regardless of the reason, the steps to refinancing are the same.

Private mortgage insurance (PMI) is an often-overlooked cost that homeowners may need to pay when buying their new home. Understanding PMI can help you to avoid paying it or saving money in the long term.

In this quick video, we’ll explain what land loans are and how they work.

In this quick video, we’ll explain what a construction-to-permanent loan is and how it can help you build and finance your home.

We hear from many customers that they would love to buy or build a new home, but with mortgage rates at 20-year highs, it does not seem to make sense. And why should it? If you bought or refinanced your home back in 2020 and have a 30-year fixed rate locked at 3%, it will cost you a lot more money in the long run by buying a new home today. Well, that may not be the case.

Existing home inventory is low. This is excellent news for sellers. National Association of Realtor data found existing single-family home prices increased by 4.3% during the second quarter of 2019. In this environment, listing homes at the higher end of the market is unlikely to deter eager buyers. Increased housing demand and low inventory can lead to homes selling quickly, at or above the asking price.