2 Myths Holding Back Home Buyers
Whether buying your first home or moving up to your dream home, knowing your options will make the mortgage process easier. Believe it or not – your dream home may already be within your reach.
Whether buying your first home or moving up to your dream home, knowing your options will make the mortgage process easier. Believe it or not – your dream home may already be within your reach.
It is easier to get a mortgage today than it was immediately after the market crash, but it is still difficult. The difference in 2006? At that time, it was difficult not to get a mortgage.
The 2019 Q3 homeownership rate of 64.8 percent was 0.7 percentage points higher than the rate in Q2 2019 (64.1 percent).
When you look at home prices, interest rates and wages, you get the real picture of home affordability.
So, what’s the #1 reason to list your house in the winter? Less competition.
A considerable number of potential buyers shy away from the real estate market because they’re uncertain about the buying process – particularly when it comes to qualifying for a mortgage.
Though the price of homes may still be rising, the cost of purchasing a home is actually falling. The X-Factor = Mortgage Rates.
In the most recent Apartment Rent Report, RentCafe explains how rents have continued to increase over the last twelve months because of a large demand and a limited supply.
The lack of knowledge about the home-buying process is, unfortunately, keeping many motivated buyers on the sidelines.
The good news for potential buyers is that you don’t need a score that high to qualify for a mortgage.