Financial

Jumbo Loans Availability Jumps; Should You Consider One?

Jumbo loans are more accessible than ever. According to the Mortgage Bankers Association, jumbo loan availability hit a record high in November, meaning it’s now easier for homebuyers to qualify for these larger-sized loans. Does that mean you should consider one for your home purchase? If so, what does it mean for your wallet? [...]

By |2020-02-23T20:13:59-05:00January 9th, 2020|Categories: Mortgage|Tags: , |

Freddie and Fannie Who?! 13 Mortgage Terms You’ve Heard and May Not Understand

The mortgage process can be pretty overwhelming — especially if it's your first time around the block. In fact, according to a recent study from credit bureau TransUnion, a whopping 34% of first-time homebuyers aren't familiar with a single mortgage financing option whatsoever. Another two-thirds of first-timers don't know who Fannie Mae and Freddie [...]

By |2020-01-08T10:37:29-05:00January 8th, 2020|Categories: Education, Mortgage|Tags: , , |

Inventory Shortage? No Problem. Here’s How to Find a House When Listings are Scarce

A shortage of housing inventory made it difficult for many homebuyers to find a house this year. And according to many experts, next year may be much of the same. As more and more Baby Boomers age in place and existing homeowners stay in their homes longer (an average of 23 years in some [...]

By |2019-12-18T11:15:59-05:00December 18th, 2019|Categories: Purchase|Tags: , , |

Housing Market Update for December 2019

With 2019 coming to a close, it's time to take a look at early fourth-quarter numbers and see what they might tell us about the new year ahead. Price and sales According to the National Association of REALTORS®, existing-home sales rose by 1.9% in October while the median price for a single-family home saw a [...]

By |2019-12-12T11:33:32-05:00December 13th, 2019|Categories: Mortgage, Real Estate Agents|Tags: |