A Historic Rebound for the Housing Market Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important? According ...
Continue ReadingThe interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. If prices come down ...
Continue ReadingWhen buying a home, understanding your contract is one of the most important protections you have to ensure you make an informed decision. While the terms used may change from place to place, seven common terms are particularly important for you to understand. 1. Loan Estimate. The Loan Estimate is not part ...
Continue ReadingMany potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts: 72% of buyers who purchased homes this year have put down less than 20%. 76.4% of ...
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