Saturday Strategy

Mortgage FAQ's, did you knows and much more...

Help with down payment is not just for first time home buyers

I wanted to quickly share a video about a fantastic down payment assistance program we launched about a month and a half ago call Luminate PATH National Down Payment Assistance Program

Here are the highlights:

  • It's not just for first-time homebuyers; anyone can benefit.
  • You can keep your current home if you own one and rent it out.
  • No need to sell your current house if you're looking to move.
  • There is a forgivable option and a repayable option
  • No income limits

These guidelines offer flexibility. While I'm summarizing here, feel free to reach out for more details. The reason behind this video is to shed light on the available options, especially with soaring housing costs and rates. Buying a house and saving for a down payment can be tough right now, but there are solutions.

Thank you for being amazing clients. Wishing you a wonderful weekend. Feel free to share this video with anyone who might benefit. Have a great day!

*Disclosure

Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

* DISCLOSURE: The results above are based on (i) information provided by you, (ii) estimates of interest rates, closing costs,another amounts, and your tax bracket (iii) currently available loan programs and (iv) information and assumptions that may or may not have been previously discussed with your Home Loan Specialist, all of which might change over time. The interest rates, annual percentage rates (APRs), discount points and rebates shown are subject to change without notice. This is not a credit decision or a commitment to lend.

P.S. Can I count on you to call us when any friends, family or coworkers are looking to buy, sell or refinance a home?  We'd love to help! You can just text/call me at 480.553.8770.

* Did you know we can finance in 45 states?

A woman and a girl in the kitchen

Gen Z: The Next Generation Is Making Moves in the Housing Market

By Kevin Brierton Team | August 28, 2023

Kevin Brierton – 8.28.2023 Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they’re turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z buyers transitioned straight from living under their parents’ roofs to owning…

A man sitting at his desk looking at his phone.

More Jobs and Better Pay Leads to More Buyer Demand

By Kevin Brierton Team | August 24, 2023

Kevin Brierton – 8.24.2023 There’s been talk about a recession for quite a while now. But the economy has been remarkably resilient. Why? One reason is employment and wages have stayed strong. Let’s look at the latest information on each one and why both are good news if you’re thinking about selling your house. More…

A group of people sitting around each other.

Why You Need a True Expert in Today’s Housing Market

By Kevin Brierton Team | August 23, 2023

Kevin Brierton – 8.23.2023 The housing market continues to shift and change, and in a fast-moving landscape like we’re in right now, it’s more important than ever to have a trusted real estate agent on your side. Whether you’re buying your first home or selling once again, it’s mission-critical to work with an expert who can…

A living room with stairs and a coffee table

Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages

By Kevin Brierton Team | August 22, 2023

Kevin Brierton – 8.22.2023 If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. And after years of being virtually nonexistent, more people are once again using ARMs when buying a home. Let’s break down why that’s happening and why this isn’t cause for…

A group of wooden houses with red roofs.

Why Median Home Sales Price Is Confusing Right Now

By Kevin Brierton Team | August 21, 2023

Kevin Brierton – 8.21.2023 The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow. This monthly release provides information on the volume of sales and price trends for homes that have previously been owned. In the upcoming release, it’ll likely say home prices are down. This may seem a bit confusing, especially…

A painting of houses with trees in the background

People Want Less Expensive Homes – And Builders Are Responding

By Kevin Brierton Team | August 17, 2023

Kevin Brierton – 8.17.2023 In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory. To overcome those challenges, many people are working with their agents to find less expensive homes. And with newly built homes making up a…

A toy house sitting next to a tree.

Don’t Expect a Flood of Foreclosures

By Kevin Brierton Team | August 16, 2023

Kevin Brierton – 8.16.2023 The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that a lot of foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared…

A man and woman sitting on the couch smiling.

Equity Is a Game Changer for Homeowners Looking To Sell

By Kevin Brierton Team | August 15, 2023

Kevin Brierton – 8.15.2023 If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be exactly what you need to help you feel more comfortable making…

A woman standing in front of a window holding papers.

Where Are People Moving Today and Why?

By Kevin Brierton Team | August 14, 2023

Kevin Brierton – 8.14.2023 Plenty of people are still moving these days. And if you’re thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new report from Gravy Analytics provides insight into where people are searching for homes and what they’re prioritizing most right…

A group of people standing next to each other.

About 11,000 Houses Will Sell Today

By Kevin Brierton Team | August 10, 2023

Kevin Brierton – 8.10.2023 Some homeowners have been waiting for months to put their house on the market because they don’t think people are buying homes right now. If that’s you, know that even though the housing market has slowed compared to the frenzy of a couple of years ago, it isn’t at a standstill. Contrary to what you may believe,…

P.S. Can I count on you to contact me if you hear that a friend, family or coworker is looking to buy, sell or refinance? Call/Text 480.553.8770 - We'd be honored to help them too!