Home Inspectors Tips From water damage cover-ups to dismissing small foundation cracks, homeowners may be trying to hide certain household issues. But a little routine maintenance can help prevent some situations from becoming bigger issues. Home inspectors recently chimed in on Apartment Therapy with the most prevalent maintenance mistakes they see in properties all of …
Category: News
Aug 27
Questions about VA Financing
Questions about VA Financing We welcome the opportunity to answer your questions about VA Loans. What is the maximum sale price I can purchase with no down payment? What type of property can I purchase? Are VA loans assumable? How can I obtain a Certificate of Eligibility? What if my spouse is overseas or at …
Aug 23
Lower Mortgage Rates
Lower Mortgage Rates Existing-home sales showed improvement in July, a welcome sign for what has been a mostly sluggish summer real estate market. Reversing course last month, sales climbed 2.5% over June, the National Association of REALTORS® reported Wednesday. The Northeast was the only major region of the U.S. to see sales decline in July. …
Aug 22
Fannie Mae Predicts More Fed Cuts Soon
Fannie Mae Predicts More Fed Cuts Soon Fannie Mae economists are forecasting two more quarter-point interest rate cuts by the Federal Reserve this year, expecting that the Fed will move to cut rates in September and again in December. That could bode well for lowering mortgage rates for the remainder of the year. Even though …
Aug 21
The Loan Process – Things to Expect and Avoid
The Loan Process – Things to Expect and Avoid It’s our goal to get you into your new home quickly! Here are some tips to help you prepare: Expect too… Submit all future paystubs Submit all future bank statements Keep copies of all documents submitted to processing Continue to pay all your debt and loans …
Aug 20
Home building Shows Slight Upward Movement
Home Building Shows Slight Upward Movement New-home construction for single-family homes saw an improvement in July, despite builders’ concerns about affordability headwinds. Single-family housing starts rose 1.3% to 876,000 units last month, the Commerce Department reported. The largest regional increases in single-family homebuilding last month occurred in the South. But a decline last month in …
Aug 19
Home Builders Are Lowering Prices
Home Builders Are Lowering Prices Home builders are starting to lower their prices to better reach out to the growing demand for smaller, more affordable homes. Sales prices of new homes dropped 0.5% in the second quarter of this year from 2018 levels. Prices for new homes reached a median of $372,900 in the second …
Aug 16
Lower Mortgage Payments by Refinancing Now.
Lower Mortgage Payments by Refinancing Now. Mortgage rates are hovering near three-year lows, and more homeowners may want to start taking advantage. Up to 20 million homeowners could “theoretically” see a 75-point drop in mortgage rates by refinancing, according to a recent analysis from Black Knight. For homeowners with a credit score of at least …
Aug 15
Average Mortgage Debt
Average Mortgage Debt In more places, homeowners are carrying supersized mortgages. Outstanding mortgage balances rose nationwide for the seventh consecutive quarter and reached a new high of $9.5 trillion, according to first-quarter data from Experian. “While mortgage debt numbers could be a cause for concern as buyers increasingly leverage their finances to purchase homes, other …
Aug 14
Genworth Home Buyer Privileges Program
Genworth Home Buyer Privileges Program Purchase or refinance your home and enjoy exclusive benefits from Genworth! Save up to $7500 on furniture, appliances, home décor and more! We believe in giving our customers more. That includes advantages like membership in Genworth Mortgage Home Buyer Privileges Program. With the Home Buyer Privileges you’ll enjoy: Total …
Aug 13
More Faith in Real Estate Than Stocks
More Faith in Real Estate Than Stocks Real estate has surpassed stocks as Americans’ favorite long-term investment, according to a nationwide Bankrate survey of about 1,000 respondents. Thirty-one percent of survey respondents named real estate as their favorite investment for building wealth that they don’t need access to for a decade or more. That is …
Aug 12
No Bidding Wars This Year?
No Bidding Wars This Year? Bidding wars are growing a lot less common, real estate pros report. By one measure, only 11.2% of offers written by Redfin real estate agents for their clients faced a bidding war in July—down more than 45% from a year earlier. That is also the lowest rate since at least …
