An FHA Loan Can Get You a Home

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

Don’t buy a home until you’ve done these 6 things

VERY, VERY, VERY Important tip, from CNBC! Buying a home may be the biggest purchase of your life, and it's not one you want to rush. Before getting serious about a property, there are certain key things to make sure you've done. Here are six of them, according to real estate experts. 1. Figure out … Continue reading Don’t buy a home until you’ve done these 6 things

How Much You Need To Earn To Buy A Home In America Today

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

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

Mom, Dad Can you Buy Me a Home?

As housing costs remain high, parents buy homes to give their kids a leg up When Laura Hameister and her family moved to a new home in the San Francisco Bay area more than a decade ago, she and her husband decided to hold onto their old house rather than sell it. Today, Hameister’s younger … Continue reading Mom, Dad Can you Buy Me a Home?

Ready for the Rate Hikes?

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?

What do these 9 Listing Terms mean?

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?

The Personalities You’ll Totally Encounter When Buying A Home

~ 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

Owning a home is cheaper than renting your 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

Wait or Buy Now? – Infographic

~ 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