will

If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders

A lot of homeowners are looking to refinance their mortgages at the moment. That’s abundantly clear based on the record volume of refis expected this year, per the MBA. And while mortgage rates are in record low territory, thus making the decision to refinance an easy one for most, it still pays to shop around. [&hellip

The post If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders first appeared on The Truth About Mortgage.

It’s Taking a Really Long Time to Get a Mortgage Right Now

Similar to the increased waiting times to get a COVID-19 test these days, it’s taking an extended amount of time to get a mortgage to the finish line. The reason is simply unprecedented demand, just like those COVID-19 tests. The more people that need one, the longer the wait, period. This is the downside to [&hellip

The post It’s Taking a Really Long Time to Get a Mortgage Right Now first appeared on The Truth About Mortgage.

Why Adjustable-Rate Mortgages Are Bad News Right Now

With mortgage interest rates as low as they are at the moment, you may be looking beyond fixed-rate options if you’re in the market to purchase a home or refinance an existing home loan. After all, while 30-year fixed mortgage rates are hovering around 2.75%, some adjustable-rate mortgages are in the very low 2% range. [&hellip

The post Why Adjustable-Rate Mortgages Are Bad News Right Now first appeared on The Truth About Mortgage.

2021 Conforming Loan Limit Rises to $548,250

Thanks to another year of stellar home price appreciation, the 2021 conforming loan limit will increase to $548,250, per the Federal Housing Finance Agency (FHFA). This is the maximum loan amount for mortgages that can be acquired by Fannie Mae or Freddie Mac, known as conforming mortgages. The figure is up from $510,400 for mortgages [&hellip

The post 2021 Conforming Loan Limit Rises to 8,250 first appeared on The Truth About Mortgage.

Four Things to Consider When Choosing Your Next Community

Deciding to move is a major decision and location is one of the most important aspects you should consider when planning a move. Whether it’s a new neighborhood, a new city, or a new state–once you get there, you want to make sure your new community truly makes you feel welcome.

The post Four Things to Consider When Choosing Your Next Community appeared first on Homes.com.

How Much Is a Down Payment on a House?

In this article: What is a down payment on a house? How much to put down on a house? What is the average down payment on a house? What is the minimum down payment for a house? How to save for a down payment on a house First-time home buyer down payments How much you’re […]

The post How Much Is a Down Payment on a House? appeared first on Home Buyers Guide.

How to spot a walkable neighborhood

Strolling to a cafe for breakfast, walking around the corner to yoga—isn’t that the life? Before you buy or rent, here’s how to suss out whether a neighborhood you’re interested in will let you get out from behind the wheel. See what locals have to say. On every Neighborhood page on Trulia, you’ll find What Locals Say ratings. These […]

The post How to spot a walkable neighborhood appeared first on Trulia's Blog.

7 Lessons From the Year 2020

Traditional selling as we know it has been dead for a long time but the global pandemic was the nail in the coffin for the order-taker sales model. T

My House Failed Its First Real Estate Inspection—Here’s What I Did To Get Through Escrow

How one first-time home buyer moved forward, made repairs, and got the house after a less-than-favorable home inspection.

The post My House Failed Its First Real Estate Inspection—Here’s What I Did To Get Through Escrow appeared first on Real Estate News & Insights | realtor.com®.