Getting a good mortgage rate is tough and it’s actually a whole lot different than comparison shopping. The mortgage lenders analyze and investigate lots of factors to determine your eligibility for the loan. However, according to the recent data published by the St. Louis Federal Reserve, average 30-year fixed mortgage rates are still less than 4% in 2016.
Monthly Archives: June 2016
Home buying is daunting – both physically and financially. Only a handful of people are possibly able to buy a home outright with cash. Others have to take mortgages that involve repaying a huge amount of money over a long period. Plus, the entire process of shopping, applying, and securing a mortgage is complicated and stressful. Finding a mortgage online is a tad more convenient and hence cuts down a lot of stress. However, the only problem with online mortgage is to avoid scam and find out a lender who is credible!
Have you ever wondered why there’s a big difference in the prices of two almost similar homes in the same neighborhood? It’s now quite established that certain features such as amenities and design styles can impact the sale price of a home and help it get sold very quickly. If you’re a seller, get to know what features will sell your home faster:
Being a renter has its own perks as you don’t have to pay any property taxes, any mortgage payments, or spend money for the home’s maintenance work. However, owning a home is still important for many Americans for accomplishing their American dream. Plus, it is a financially better option than renting in the long run. Read More →
Every home buyer dreams of a market that has a good selection of homes to choose from and less competition. Well, a few other metrics also work on in determining whether a market is hot for the buyers, especially for the first-time buyers.
Hunting for houses is exciting and nerve-racking at the same time, especially if you are a first-time buyer. It’s very common that excitement and nervousness will make you commit rookie blunders and miss many important points about the selected home.
Have you finally decided to list your home? Congratulations! But, do you have any idea about how to estimate the actual worth of your home in today’s market? That’s something you should be worried about because there’s no specific resources that can be used to determine the actual value of a home. However, a few techniques are there that you can apply to figure out the ballpark value of your property.
Most of the consumers don’t have any clear idea about the requirements for a mortgage qualification. A recent Fannie Mae survey shows that almost half of the respondents either have no idea or bear misconception about some key mortgage requirements such as credit score, down payment percentage, and debt-to-income ratio. It means that many eligible homebuyers face rejection just because they don’t know!