There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this winter, you’llContinue reading “Prioritizing Your Wants and Needs as a Homebuyer in Today’s Market”
Category Archives: Home Buyers
3 Ways You Can Use Your Home Equity
If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity right now. As youContinue reading “3 Ways You Can Use Your Home Equity”
Home Sweet Home: The Emotional Benefits of Homeownership
Some Highlights While there are many financial perks to owning a home, there are also powerful non-financial benefits to consider if you’re thinking about making a move. Homeownership allows you to express yourself, gives you greater privacy and comfort, enhances your connection to your community and loved ones, and is an achievement to feel proud of. Let’s connect today to discussContinue reading “Home Sweet Home: The Emotional Benefits of Homeownership”
What Buyers Need To Know About the Inventory of Homes Available for Sale
If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market. If this sounds like you, here’s one key factor that could help you with your decision: there are more homes for sale todayContinue reading “What Buyers Need To Know About the Inventory of Homes Available for Sale”
Why Is There So Much Paperwork to Sign to Get a Mortgage?
We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being toldContinue reading “Why Is There So Much Paperwork to Sign to Get a Mortgage?”
2 Myths About Mortgages That May Be Holding Back Buyers
Fannie Mae’s “What do consumers know about the Mortgage Qualification Criteria?” Study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Myth #1: “I Need a 20% Down Payment” Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to theContinue reading “2 Myths About Mortgages That May Be Holding Back Buyers”
Mortgage Rates Will Come Down, It’s Just a Matter of Time
This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power forContinue reading “Mortgage Rates Will Come Down, It’s Just a Matter of Time”
Why It May Be Time To Add Newly Built Homes to Your Search
If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. If you’re willing to work with a trusted agent to consider a newly built home, you may have even more options and incentivesContinue reading “Why It May Be Time To Add Newly Built Homes to Your Search”
VA Loans: Making Homes for the Brave Achievable
Some Highlights Free Buyer Guide Free Seller Guide 45 Easy Ways to Sell Your Home Faster Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com
Home Equity: A Source of Strength for Homeowners Today
Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says: “. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter and homeowners have historicallyContinue reading “Home Equity: A Source of Strength for Homeowners Today”