Still on the Fence? See What Waiting Can Cost You.

Barbara BruceFirst-Time Home Buyers, Home Buying Tips, Mortgage Tips, Real EstateLeave a Comment

Mortgage Rates are Rising

If you’ve been considering purchasing a new home or upgrading, you need to read this. If you are planning on purchasing your new home with cash, then there is no need to worry, but if you’re going to be financing part or all of your home, you will want to consider how rising mortgage rates affect your purchasing power. The Fed recently raised the main rate from 2.00% to 2.25%. This is the third time this year that the Fed has raised its benchmark interest rate. What’s more, 12 out of 16 officials are said to favor 4 rate hikes … Read More

4 Reasons Spring Is A Great Time To Buy A Home!

Barbara BruceCommon Home Buyer Questions, Home Buying Tips, Mortgage TipsLeave a Comment

Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.3% over the next year. The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense. 2. Mortgage Interest Rates Are Projected to Increase Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year … Read More

3 Questions Every Home Buyer Should Ask Themselves

Barbara BruceCommon Home Buyer Questions, Home Buying TipsLeave a Comment

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Answering the following 3 questions will help you determine if now is actually a good time for you to buy in today’s market. 1. Why am I buying a home in the first place? This truly is the most important question to answer. Forget the finances for a minute. Why did you … Read More

What If I Wait Until Next Year to Buy?

Barbara BruceCommon Home Buyer Questions, Home Buying TipsLeave a Comment

First-time homebuyers are flocking to the housing market in greater numbers than any time in the last few years. Renters who are ready and willing to buy are now realizing that they are also able to as well. Many first-time buyers are Millennials (born between 1981 – 1997). If you are one of the many in this generation who sees your friends and family diving head first into the real estate market, and wonder if now is the time for you to do the same, keep reading! The Cost of Waiting to Buy is defined as the additional funds it … Read More

Did you know? You DO NOT Need 20% Down!

Barbara BruceHome Buying Tips, Mortgage TipsLeave a Comment

A recent survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today. 1. Down Payment The survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 36% think a 20% down payment is always required. In actuality, there are many loans written with a down payment of 3% or less and the number has increased through the first quarter … Read More