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What is the difference between mortgage brokers and lenders?
The mortgage industry is filled with jargon that can overwhelm and confuse the best of us. Perhaps no two terms are easier to muddle than mortgage broker and mortgage lender. Understanding their differences and where they overlap can be a helpful first step to managing the home-buying journey. To help remove any confusion, we’ll cover…
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Homebuying 101
To buy or not to buy: What rising rates mean for new construction loans
June 30, 2022. We’ve seen an increase in new construction loans recently as inventory remains at historic lows. But what happens if you were counting on 3% mortgage rates when they signed a contract over a year ago to purchase a home that still isn’t ready today?
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National Homeownership Month: 5 tips for Homebuyers in a Competitive Market
Homeownership is an enduring component of the American Dream – a benchmark Americans have measured success and well-being against for years. June marks the celebration of National Homeownership Month (NHM), dedicated to honoring those notions and celebrating the ways homeownership benefits families and communities across America.
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Shrinking average mortgage indicates opportunity, but not falling prices
July 8, 2022. Rates are volatile this week, heading up mid-week after dropping for two weeks in a row on the heels of some positive inflation data.
Continue Reading Shrinking average mortgage indicates opportunity, but not falling prices
To buy or not to buy: What rising rates mean for new construction loans
June 30, 2022. We’ve seen an increase in new construction loans recently as inventory remains at historic lows. But what happens if you were counting on 3% mortgage rates when they signed a contract over a year ago to purchase a home that still isn’t ready today?
Continue Reading To buy or not to buy: What rising rates mean for new construction loans
What to keep an eye on as home sales fall and prices rise
June 24, 2022. Existing home sales fell 3.4% in May while the median home price rose above $400,000 for the first time, according to data just released by the National Association of Realtors (NAR). Despite the headlines, these numbers aren’t necessarily a reason to panic.
Continue Reading What to keep an eye on as home sales fall and prices rise
