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.
Why Today’s Foreclosure Numbers Are Nothing Like 2008
Kevin Brierton – 4.27.2023 You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today. According to a…
The Three Factors Affecting Home Affordability Today
Kevin Brierton – 4.26.2023 There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a combination of…
What Are the Experts Saying About the Spring Housing Market?
Kevin Brierton – 4.25.2023 The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your…
The Power of Pre-Approval
Kevin Brierton – 4.24.2023 If you’re buying a home this spring, today’s housing market can feel like a challenge. With so few houses on the market right now, plus higher mortgage rates, it’s essential to have a firm grasp on your homebuying budget. You’ll also need a sense of determination to find the right house…
What’s the Difference Between a Home Inspection and an Appraisal?
Kevin Brierton – 4.20.2023 If you’re planning to buy a home, an inspection is an important step in the process. It assesses the condition of the house before you finalize the transaction. It’s also a different step in the process from an appraisal, which is a professional evaluation of the market value of the home…
Falling out of Love with Your House? It May Be Time To Move.
Kevin Brierton – 4.19.2023 Owning a home means having a place that’s solely your own and provides the space, features, and location you and your loved ones need. But what happens when your needs change? If this hits home for you, it may be time to move. According to the latest Home Buyers and Sellers…
5 Reasons Millennials Are Buying Homes
Kevin Brierton – 4.18.2023 In the United States, there are over 72 million millennials. If you’re part of that generation and have thought about buying a home, you aren’t alone. According to Zonda, 98% of millennials want to become a homeowner at some point if they aren’t already. But why? There are plenty of reasons…
Think Twice Before Waiting for Lower Home Prices
Kevin Brierton – 4.17.2023 As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price…
Want To Sell Your House This Spring? Price It Right.
Kevin Brierton – 4.13.2023 Over the last year, the housing market’s gone through significant changes. While it’s still a sellers’ market, homes that are priced right are selling, and they get the most attention from buyers right now. If you’re considering selling your house this spring, it’s essential to lean on your expert real estate…
Your Tax Refund Can Help You Achieve Your Homebuying Goals
Kevin Brierton – 4.12.2023 Have you been saving up to buy a home this year? If so, you know there are a variety of expenses involved – from your down payment to closing costs. But there’s good news – your tax refund can help you achieve your goals by paying for some of these expenses.…
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!