Why Would You Put 20% Down? Avoid PMI with Less!
Why Would You Put 20% Down? Avoid PMI with Less! In today’s world, PMI is considered a bad word in mortgage financing and home buying, and for good reason. After all, PMI doesn’t protect a borrower, it protects a lender, and in markets like we’ve recently seen, most of which are appreciating at a…Read More
2022 Market Forecast
Should I Pay Points?
Should I Pay Points? When getting a mortgage, one of the most important things to pay attention to is the cost of the loan being applied for. There are certain loan fees customers can shop for that may be drastically different from one lender to another (for example, origination/discount points, and lender fees) and some fees…Read More
Why Are Credit Scores Different?
Why Are Credit Scores Different? If you’ve shopped around for any kind of loan, one of the things you likely noticed is that the credit score a lender pulls seems to be different, sometimes by quite a wide margin, from what you see when tracking your own credit scores. What gives? It comes down…Read More
Housing Affordability – the Market Looks Good!
Housing Affordability In today’s world of competitive markets, short inventory, and rising purchase prices, things are tough for home buyers (and believe it or not, sellers too!). With steeply rising prices and bidding wars becoming the norm, it seems the market is unaffordable, and many people are having their hopes dashed by competition and…Read More
How to Win a Bidding War in Today’s Competitive Market
Winning a Bidding War in Today’s Tough Buyer’s Market From a production and lead generation standpoint, the majority of 2021 has been attempting to navigate the housing market to find creative, outside-the-box ways for buyer’s to compete in today’s marketplace. With demand competition far exceeding available housing supply, it’s not uncommon for homes to…Read More
The Biden First Time Buyer Tax Credit – A Terrible Idea
The Biden Tax Credit – A Terrible Idea Note: This is a non-partisan opinion on a proposal by the current President. It is intended to be a 100% apolitical take on policy based on market analysis and data. The President of the United States has proposed a tax credit for first time homebuyers up…Read More
How Down Payment Assistance Mortgage Programs Help Buyers In Expensive Markets
With home prices on the rise since the market crash of 2010, many markets have put home ownership seemingly out of reach for would be home buyers. While home prices in many markets have risen 5-10% in recent years, income increases have, in general, not kept up. In fact, most incomes have only climbed 2-3%…Read More
Can You Use Experian Boost to Get a Mortgage?
Experian Boost – Don’t Do It! You’ve perhaps seen Experian’s latest marketing pitch on TV commercials for their “Boost” product – “Help Raise America’s Credit Scores”, the website hero image reads. And yes, the product can do what it says – boost a user’s credit scores. That’s great news, right!?!? Well, no. All…Read More
Why Home Buyers Need an Experienced Lender
An Experienced Mortgage Lender Can Make a Big Difference Rate is the most important thing in the world when buying a home, right? For many, the answer is yes, but they couldn’t be more off target when it comes to where focus should be on buying a home. Rate IS important, but probably not…Read More