Everyone has been uncertain about the market and whether they should buy or not mostly because of the combination of interest rates, inflation and general affordability. But here's a strategy buyers should be taking advantage of right now if you're serious about buying. Get approved for your maximum loan amount and payment you are comfortable [...]
A recent post by the National Association of Realtors (NAR) revealed that in the months of December 2014 through February 2015, there was an increase in the number of first-time buyers making a down payment of 6% or less as compared to last year: 2014: 61% of first time home buyers 2015: 66% of first [...]
This month, Freddie Mac is scheduled to start buying mortgages with down payments of only three percent – the first time down payments have been this low on Freddie Mac loans in nearly five years. The program is called Freddie Mac Home Possible AdvantageSM. In a recent Executive Perspectives, Dave Lowman EVP, Single-Family Business Freddie Mac, [...]
Home Buying Checklist - The Importance of getting a home inspection. When buying a home and while in the escrow process. You're typically afforded the right to a home inspection. It is highly advisable to conduct that inspection as soon as possible once your offer is accepted. Never waive your inspection or "have a friend [...]
