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 view of houses from above, with trees in the background.

Think Home Prices Are Going To Fall? Think Again

By Kevin Brierton Team | July 21, 2022

Kevin Brierton – 7.21.2022 Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported…

A man standing on the balcony of his apartment looking at his phone.

Should You Buy a Home with Inflation This High?

By Kevin Brierton Team | July 20, 2022

Kevin Brierton – 7.20.2022 While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?…

A bunch of keys that are on top of a table.

Why Pre-Approval Is a Game Changer for Homebuyers

By Kevin Brierton Team | July 19, 2022

Kevin Brierton – 7.19.2022 If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market? The truth is, getting a pre-approval letter from your lender is critical, and when…

A group of people standing in front of open doors.

Wondering Where You’ll Move if You Sell Your House Today?

By Kevin Brierton Team | July 18, 2022

Kevin Brierton – 7.18.2022 If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. That’s because today’s market is undergoing a shift, and the supply of homes for sale is increasing as a result. That…

A bunch of bubbles are in the air outside

Housing Experts Say This Isn’t a Bubble

By Kevin Brierton Team | July 14, 2022

Kevin Brierton – 7.14.2022 With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the experts for reliable information. Here’s why economists and industry experts say the housing market is…

How Will Rising Interest Rates Impact Home Values?

By Kevin Brierton Team | July 14, 2022

INTEREST RATES ARE ON THE RISE:HERE’S HOW HOME PRICES MAY BE IMPACTED WHY ARE INTEREST RATES GOING UP? The Fed recently decided to reverse its pandemic-era stimulus programs, causing mortgage rates to jump by over 2% since the beginning of this year. Rates may continue to drift higher in the months ahead because inflation is at…

A woman sitting at the table with food and drinking coffee.

Should I Buy a Home Right Now?

By Kevin Brierton Team | July 13, 2022

Kevin Brierton – 7.13.2022 If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you make your decision. The Future of Home Price Appreciation Each…

A man in a suit and tie sitting at a table with a cup of coffee.

Expert Housing Market Forecasts for the Second Half of the Year

By Kevin Brierton Team | July 12, 2022

Kevin Brierton – 7.12.2022 The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the…

A neon sign of the symbol for percent.

The Drop in Mortgage Rates Brings Good News for Homebuyers

By Kevin Brierton Team | July 11, 2022

Kevin Brierton – 7.11.2022 Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down…

Two people are studying at a table.

What Does an Economic Slowdown Mean for the Housing Market?

By Kevin Brierton Team | July 7, 2022

Kevin Brierton – 7.7.2022 According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow down the economy. All…

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!