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!
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?
If Your House Hasn’t Sold Yet, It May Be Overpriced
Kevin Brierton – 12.14.2023 Has your house been sitting on the market for a while without selling? If so, you should know that’s pretty unusual, especially right now. That’s because the supply of homes available for sale is still far lower than what we’d see in a normal year. That means buyers have fewer options than they usually would, so…
The Surprising Trend in the Number of Homes Coming onto the Market
Kevin Brierton – 12.13.2023 If you’re thinking about moving, it’s important to know what’s happening in the housing market. Here’s an update on the supply of homes currently for sale. Whether you’re buying or selling, the number of homes in your area is something you should pay attention to. In the housing market, there are regular patterns that happen every…
Down Payment Assistance Programs Can Help Pave the Way to Homeownership
Kevin Brierton – 12.12.2023 If you’re looking to buy a home, your down payment doesn’t have to be a big hurdle. According to the National Association of Realtors (NAR), 38% of first-time homebuyers find saving for a down payment the most challenging step. But the reality is, you probably don’t need to put down as much as you think:…
The Perfect Home Could Be the One You Perfect After Buying
Kevin Brierton – 12.11.2023 There’s no denying mortgage rates and home prices are higher now than they were last year and that’s impacting what you can afford. At the same time, there are still fewer homes available for sale than the norm. These are two of the biggest hurdles buyers are facing today. But there are ways to overcome these things and…
Why You Should Use a Real Estate Agent When You Buy a Home
Kevin Brierton – 12.7.2023 If you’ve recently decided you’re ready to become a homeowner, chances are you’re trying to figure out what to do first. It can feel a bit overwhelming to know where to start, but the good news is you don’t have to navigate all of that alone. When it comes to buying a…
How To Turn Homeownership into a Side Hustle
Kevin Brierton – 12.6.2023 Does the rising cost of just about everything these days make your dream of owning your own home feel less within reach? According to Bankrate, many people are seeking additional income through side hustles, possibly to cope with those increasing expenses and save for a home. This trend is particularly popular with younger individuals…
When You Sell Your House, Where Do You Plan To Go?
Kevin Brierton – 12.5.2023 If you’re thinking about selling your house, you may have heard the supply of homes for sale is still low, and that means your house should stand out to buyers who are craving more options. But you may also be wondering, once you sell, how does the current supply impact your own move? And,…
Why The No-Cost Refinance Makes Sense – Buy Now, Build Equity, and Save Big in 2024
Owning a home is a crucial part of finding financial freedom, but deciding when to make the move into homeownership is never an easy decision. That decision is especially hard today with home prices and mortgage rates at record highs. Buying a home now would likely come with a housing payment that is significantly higher…
Experts Project Home Prices Will Rise over the Next 5 Years
Kevin Brierton – 12.4.2023 Even with so much data showing home prices are rising in most of the country, there are still a lot of people who worry there will be another price crash in the immediate future. In fact, a recent survey from Fannie Mae shows that 23% of consumers think prices will fall over the next 12 months. That’s nearly…
Is Owning a Home Still the American Dream for Younger Buyers?
Kevin Brierton – 11.30.2023 Everyone has their idea of the American Dream, and it’s different for each person. But, in a recent survey by Bankrate, people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today (see graph below):…
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!