So-So or No Credit? No Cash? An FHA Loan Can Get You a Home If you've never owned a home before, FHA loans offer a great way to break into the housing market. They're federally insured mortgages with easier requirements than conventional home loans. "The secret sauce, the magic ingredient, behind the FHA program is … Continue reading An FHA Loan Can Get You a Home
How Much You Need To Earn To Buy A Home In America Today ~ Getting into the market to buy your first home? Or looking to move up? Don't be discouraged. Yes, housing prices have gone up, but so have wages so chances are that you are in a better position than you think you … Continue reading How Much You Need To Earn To Buy A Home In America Today
Where Are Millennials Buying Homes? – 2019 Edition Record high home values, stagnating incomes, the largest economic downturn in a century and record levels of student debt are just a few examples of the roadblocks between millennials and homeownership. All these factors have manifested in millennials’ inability to sock away enough cash in their savings … Continue reading Where Are Millennials Buying Homes? – 2019 Edition
What you should know about buying, selling or refinancing a home as the market gets more complicated in 2019 Buy, sell or refi: Your housing playbook for 2019 3:46 PM ET Wed, 19 Dec 2018 | 26:38 It's the most expensive purchase many of us even consider: A place to live. As we head into … Continue reading Buy, Sell or Refinance in 2019?
Mortgages fast approaching 5 percent, a fresh blow to housing market Mortgage rates hit their highest level in more than seven years this week at nearly 5%, a level that could deter many home buyers and represents another setback for the slumping housing market. The average rate for a 30-year fixed-rate mortgage rose to 4.9%—the … Continue reading Ready for the Rate Hikes?
9 Home Listing Terms And What They Actually Mean Certain adjectives used in home descriptions can have hidden (and potentially less desirable) meanings! Rocket Mortgage® won't confuse you — get the home-buying confidence you need with a mortgage process that puts the power in your hands. Living by yourself? “Cozy” might be just what you’re … Continue reading What do these 9 Listing Terms mean?
~ some of these are soooooo true!! ~ The Personalities You'll Totally Encounter When Buying A Home The road to buying a home is lined with a cast of characters! While you're putting those social skills to work, let Rocket Mortgage® empower you to handle the rest of the home-buying process with confidence. 1. Let's … Continue reading The Personalities You’ll Totally Encounter When Buying A Home
Buying a Home is Cheaper than Renting in 38 States! [INFOGRAPHIC] Some Highlights: According to a study by GOBankingRates, it is cheaper to buy a home than rent in 38 states across the country. In six states the difference between buying & renting would account for less than a $50 monthly difference, leaving the choice … Continue reading Owning a home is cheaper than renting your home
~ thank you KCM as always for the insightful information! ~ Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.2% by … Continue reading Wait or Buy Now? – Infographic
~ interesting insight ~ Generation Z homebuyers nab property quickly with family money Though they still represent just a small fraction of the housing market thus far, Generation Z homebuyers are different from their older peers. Currently, the members of Generation Z, which includes those born after 1995, are something of an anomaly: They account … Continue reading Generation Z homebuyers nab property quickly with family money