purchase

Inventory Shortage? How to Find a House When Listings are Scarce (Updated for 2023)

Inventory Shortage? How to Find a House When Listings are Scarce (Updated for 2023)

By John Chiappetta / August 9, 2023
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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…

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Renting to Own: How to Transform Rent Payments into a Mortgage

Rent to Own Mortgage: How to Transform Rent Payments into a Mortgage

By Aly Yale / September 7, 2022
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Why pay rent toward someone else’s mortgage when you could put that cash toward your own? That’s exactly the thought behind renting to own agreements, which let you rent a property, apply a portion of your rent costs toward the mortgage…

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Buying a House in a Vacation Town? Read This First

Buying a House in a Vacation Town? Read This First

By Aly Yale / November 14, 2020
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Interest in vacation-area real estate is picking up.  According to a report from Zillow, pending sales in well-known vacation markets are up 30% over last year. Whether that’s due to more remote work arrangements, desire for a change of scenery,…

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Man using a chop saw for trim

The Pros and Cons of Buying a New Construction Home

By Aly Yale / October 21, 2020
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Home construction has picked up steam in recent months, and experts largely expect that continue.  Fannie Mae, for example, predicts that housing starts will jump by 6.7% in 2021. The Mortgage Bankers Associations also sees strong single-family construction numbers for…

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Pumpkins and plants on front door step

4 Reasons Fall May Be the Best Time To Buy a House

By Aly Yale / October 5, 2020
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Fall’s certainly the season for pumpkin-carving, hayrides, and apple cider tasting, but more importantly? It’s also a great time to buy a house. Both the current market and historical trends point to good home-buying conditions for Americans this fall. From…

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Mailbox

Buying a New Home? Expect Lots of Mail

By Aly Yale / June 25, 2020
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Buying a new place is exciting. You get to decorate, meet the neighbors, and make that new house a home.  One thing you may not expect, though? That’d be all the mail that typically comes with it. Are you moving…

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escrow and the role it plays in the home buying process

Escrow and the Role It Plays in the Home Buying Process

By Embrace Home Loans Staff / May 7, 2020
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If you’re buying a home, you’ve probably heard your real estate agent mention the term “escrow.” However, you may be wondering, “What is escrow — and what role does it play in the home buying process?” In that case, you’re…

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buying a multigenerational home

Buying a Multigenerational Home? Here‘s What You Should Look for

By Aly Yale / April 17, 2020
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Gen Xers account for the largest share of multigenerational home purchases, according to the National Association of REALTORS®. It’s no surprise either, with their parents getting older, many are taking on caregiving duties and shunning the help (and costs) of…

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woman with her made up thinking cap on counting money

Understanding the Mortgage Underwriting Process

By Embrace Home Loans Staff / March 14, 2019
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Underwriting can seem like the most mysterious part of the mortgage loan approval process. What are underwriters? And what do they do? A Quick Overview of Mortgage Underwriting Mortgage underwriters assess risk. Using specific, pre-determined guidelines, they look at things…

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Dog lounging on a leather couch

What to Do if You Inherit a House

By Aly Yale / February 11, 2019
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There’s no doubt about it: a home isn’t the easiest thing to come into. Do you sell it and cash in right away? Do you move in? Do you wait around for the market to improve and its value to…

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