If you’re thinking of buying a home but wondering if waiting a few years will save you in the long run, think again.
The longer the wait, the more you’ll pay, especially when mortgage rates and home prices rise. Even the slightest change in the mortgage rate can have a big impact on your buying power no matter your price point.
Don’t assume waiting will save you money. Connect with your trusted real estate professional to set the ball into motion today while mortgage rates are hovering near historic lows.
The post Waiting To Buy a Home Could Cost You [INFOGRAPHIC] appeared first on Keeping Current Matters.… Read More
With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago.
The post 4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures appeared first on Keeping Current Matters.… Read More
The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow home equity, which sellers can use to fuel a move up.
Terms like appraisal (what lenders rely on to validate a home’s value) and contingencies (which buyers can minimize to make their offer stand out) directly impact the transaction.
You don’t need to be fluent in the language of the market to buy or sell. Instead, connect with your trusted real estate advisor so they can help you translate the process.
The post Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC] appeared first on Keeping Current Matters.… Read More