If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact…
If you’re in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and today’s is no exception. But if you persevere, your decision to purchase a home will be worth the effort…
Homeownership has many benefits, both financial and non-financial. If you're trying to decide whether to rent or buy a home, you're probably weighing a few different factors. If you are currently renting, the financial benefits of homeownership might be one…
When it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know, you’re not expected to have all the answers yourself.…
With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale.…
If you’re buying or selling a home this year, you’re likely saving up for a variety of expenses. For buyers, that might include things like your down payment and closing costs. And for sellers, you’re probably working on a bit of…
There’s been a lot of talk about mortgage rates lately. After all, we’ve seen historically low rates for months. While its impossible even for experts to forecast correctly, we’ve got the inside scoop on where mortgage rates are headed. There’s…
As a homebuyer, it’s important to plan and budget for the expenses you’ll encounter when you purchase a home. Most people understand the need to save for a down payment, a recent survey found 41% of homebuyers were surprised by their closing…
If you're ready to become a homeowner, don't let saving for a down payment deter you - there may be down payment assistance available. For many homebuyers, the thought of saving for a down payment can feel daunting, especially in…
You can’t read a current article about residential real estate without the author mentioning the home affordability challenges that today’s buyers face. There is no doubt homes are less affordable today than they were over the last two years, but…
