Mortgage Information

Sept. 30, 2022

Advantages to Buying a Home in Inflationary Times

World events and government spending has led to soaring inflation. The Federal Reserve has only one tool in its arsenal to curb and reduce this trend – raising interest rates. While contemporary home buyers are accustomed to interest rates in the 2-4%, older homeowners remember being excited to get one ...

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Aug. 12, 2022

Does It Make Sense to Buy Down Your Mortgage Rate

Rising interest rates can be a major concern if you’re shopping for a new home. A higher rate reduces your buying power and increases the home cost thousands of dollars over the course of the loan. One option to avoid this is to “buy down” your loan rate. This allows ...

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Aug. 5, 2022

Buying a Home is a Great Hedge Against Inflation

Over the past couple of months, the news of rising inflation is fueling concern across the country. Currently, inflation is at a 40-year high. This is impacting household budgets the most as families try to make ends meet with less buying power. For potential home buyers, rising interest rates may ...

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July 1, 2022

Is Using Your 401K to Buy a Home a Good Idea?

Buying a home can be a financial stretch. With soaring home values and rising interest rates, many potential first time home buyers find saving for a down payment increasingly difficult. For many people, the main source of savings is in the form of a 401k and tapping into this resource ...

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June 17, 2022

Tips For Writing a Winning Offer in Today's Market

Everyone recognizes that this is a difficult housing market for homebuyers. With inventory shortages and low interest rates, buyers have seen a face-paced market with strong growth in home prices. As interest rates begin to rise, the pressure for buyers to settle on a new home and lock in their ...

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June 10, 2022

The Benefits of a Family Opportunity Mortgage

Baby boomers have reached retirement age. This generation is healthier and more active than their predecessors and many want to age in a home of their own. Many of these potential home buyers have fixed incomes and with soaring home prices, they are unable to qualify for a new home ...

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May 6, 2022

Should You Lock in Your Interest Rate?

One of the most important financial considerations of buying a new home is the interest rate paid on the mortgage. Over time, a higher interest rate can add thousands of dollars to the true cost of buying the home. 

When interest rates are low or steady buyers have greater ...

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Dec. 24, 2021

2022 Outlook for Home Prices

Over the past couple of months, home price acceleration appears to have peaked. Keep in mind, though, that doesn’t mean home values will depreciate. It just means the rate of appreciation will slow, yet stay well above the 25-year average of 5.1% in most areas. 

The recent surge ...

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May 28, 2021

Getting a New Construction Loan

Building a home might sound like something reserved for the rich and famous, but the truth is, it might be easier than you think to get a construction loan. 

What is a construction loan? 

Construction loans are short-term, higher-interest-rate mortgages that cover the cost of building or renovating ...

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April 2, 2021

Special Benefits of the VA Loan

 

Our military veterans have given so much to this country. To make it easier for these special families to qualify for and purchase a home, Veteran Affairs has a unique loan offer reserved only for retired and active military. 

The VA loan offers mortgage options unavailable to the ...

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