Saturday Strategy
Mortgage FAQ's, did you knows and much more...
New Build Financing Insights
In the current market, some new build lenders offer substantial credits to lower interest rates. While this may seem appealing, it's crucial to evaluate the long-term implications. We recently reviewed a client's loan estimate with nearly $40,000 in credits to reduce interest rates, but the home's price was only $380,000. Essentially, they were paying almost 10% more for the house upfront. Yikes! Check out this weeks Saturday Strategy Video
Check this out... the Annual Percentage Rate (APR) exists to reflect the true interest rate. In some cases, it can be deceptively high, around 11 to 13%+, due to excessive upfront costs.
Don't rush into decisions. The lowest rate with the wrong strategy can cost you thousands.
The Big Difference Between Homeowner and Renter Net Worth
If you’re currently renting, you’re not alone—and you’re not wrong for doing it. But if building long-term wealth is one of your goals, it’s worth understanding the financial advantage that homeownership can bring. Homeowners Build Wealth—Renters Don’t According to the Federal Reserve, the average net worth of a homeowner is $396,500, compared to just $10,410…
HOW TO TELL YOU’RE DONE WITH RENTING AND READY TO BUY
Are you ready to make the leap from renter to homeowner? Buying a home may seem more complicated than paying rent once a month. Yes, there’s some work that goes into purchasing a home, but we can make the financing part simpler, and a good buyer’s agent will ease the rest of the process. In…
Understanding Today’s Mortgage Rates: Is 3% Coming Back?
Wednesday June 4th, 2025 For Buyers, First-Time Buyers, Mortgage Rates, Buying Tips A lot of buyers are pressing pause on their plans these days, holding out hope that mortgage rates will come down – maybe even back to the historic-low 3% from a few years ago. But here’s the thing: those rates were never meant to last. They were…
Purchase Mortgage Applications Up
For the week of JUNE 2, 2025 – Inside Lending QUOTE OF THE WEEK “The confidence I now have is rooted in the discovery that who I am is okay.”—Dudley Moore, English actor, comedian, musician, and composer NATIONAL MARKET UPDATE The Mortgage Bankers Association reported purchase mortgage applications up compared to the week before, with…
New Home Sales Surge – Inside lending – 5.27.25
Inside Lending – For the week of MAY 27, 2025 QUOTE OF THE WEEK “Sometimes you lie in bed at night and you don’t have a single thing to worry about. That always worries me!”—Charlie Brown, created by Charles M. Schulz, American cartoonist NATIONAL MARKET UPDATE April saw new home sales rocket up 10.9%, the…
Common Real Estate Terms Explained
Monday May 26th, 2025 For Buyers, First-Time Buyers, Agent Value, Buying Tips If you’re a first-time homebuyer, chances are you’ll come across some terms you’re not familiar with. And that can be overwhelming, especially while going through one of the biggest purchases of your life. The good news is you don’t need to be an expert on real estate…
🏡 Why You’ll Want a Home Inspection
May 23 2025 When you’re buying a home, it’s easy to get caught up in the excitement of finding the perfect property. However, one crucial step that should never be overlooked is the home inspection. This process can save you from unexpected surprises and provide peace of mind about your investment. 🔍 What Is a…
Thinking about an Adjustable-Rate Mortgage? Read This First
Thursday May 22nd, 2025 For Buyers, Mortgage Rates If you’ve been house hunting lately, you’ve probably felt the sting of today’s mortgage rates. And it’s because of those rates and rising home prices that many homebuyers are starting to explore other types of loans to make the numbers work. And one option that’s gaining popularity? Adjustable-rate…
More Homes for Sale Isn’t a Warning Sign – It’s Your Buying Opportunity
Wednesday May 21st, 2025 For Buyers, Inventory Maybe you’ve heard the number of homes for sale has reached a recent high. And it might make you question if this is the start of another housing market crash. But the reality is, the data proves that’s just not the case. In most areas, more inventory isn’t bad…
What Buyers Need To Know About Homeowners Association Fees
Tuesday May 20th, 2025 For Buyers, First-Time Buyers, Buying Tips When buying a home, you’re probably thinking about mortgage rates, home prices, your down payment, and maybe even your closing costs. But you may not be thinking about homeowners association (HOA) fees. While you won’t necessarily have these, you should know it’s a possibility, depending on where you…
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!