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.
2023 Housing Forecast: What to Expect With Rates, Prices, and the Economy!
The U.S. housing market in 2022 was a rollercoaster. The year started with home prices at record highs and interest rates still closely holding the all-time lows that were set over the previous two years. This all changed in the summer of 2022 when rates began to tick up to the highest they had been…
How much does it impact your credit score to have your credit pulled for a new lease or rental?
Having your credit checked as part of the rental application process can potentially impact your credit score. Credit checks for rental applications are known as “soft inquiries,” which means they are not visible to lenders and do not affect your credit score. However, if you have a lot of soft inquiries in a short period…
3 Best Practices for Selling Your House This Year
Kevin Brierton – 1.5.2023 A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one. A great way to ease some of those emotions and…
Avoid the Rental Trap in 2023
Kevin Brierton – 1.4.2023 If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward. In the…
Wondering How Much You Need To Save for a Down Payment?
Kevin Brierton – 1.3.2023 If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don’t let a common misconception about how much you need to save make the process harder than it could…
What Are Your Goals in the Housing Market This Year?
Kevin Brierton – 1.2.2023 If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus. In the last year, high inflation had a big impact on the…
What is a home equity line of credit (HELOC)?
A home equity line of credit (HELOC) is a type of loan that allows you to borrow money using the equity in your home as collateral. It is similar to a credit card in that you are given a line of credit that you can draw from as needed, up to a certain limit. You…
5 Tips for Improving Your Credit Score and Qualifying for a Mortgage
Kevin Brierton – 1.1.2023 If you have credit challenges and are looking to improve your credit score in order to qualify for a mortgage, there are several things you can do to work towards this goal. Here are five tips to help you improve your credit score and increase your chances of getting approved for…
Planning To Sell Your House? It’s Critical To Hire a Pro.
Kevin Brierton – 12.29.2022 With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today. And if you’re thinking of selling your house, it’s important to understand how the market has changed and what that means for you. The best way to make sure you’re in the know is to work with…
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!