What truly causes a housing bubble and the inevitable crash? For the best explanation, let’s go to a person who correctly called the last housing bubble – a year before it happened. “A bubble requires both overvaluation based on fundamentals and speculation. It is natural to focus on an asset’s fundamental value, but the real key […]
Why Is There So Much Paperwork to Sign to Get a Mortgage?
January 6, 2018 by ·
We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and […]
Thinking About Buying? Know Your Credit Score
December 20, 2017 by ·
Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process. Make sure all the information listed on your report is accurate and work to correct any mistakes. The higher your […]
Owning a Home Makes Sense
December 10, 2017 by ·
The American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similarities. Today we want to talk about the top 5 financial reasons you should own […]
Don’t Let Fear Stop You from Applying for a Mortgage
December 5, 2017 by ·
A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be. In order to qualify in today’s market, […]
Why Is There So Much Paperwork to Sign to Get a Mortgage?
November 25, 2017 by ·
We are often asked why there is so much paperwork mandated by the lenders for a mortgage loan application when buying a home today. It seems that the lender needs to know everything about the borrower and requires separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the […]
5 Reasons to Hire a Real Estate Professional When Buying or Selling
November 20, 2017 by ·
While this is a Lending Blog, selling homes is a very important aspect of our industry, as home sales create home buyers. Therefore, whether you are buying or selling a home, it can be quite an adventurous journey. This is why you need an experienced real estate professional to guide you on the path to your ultimate […]
No… You Do Not Need 20% Down to Buy
November 15, 2017 by ·
The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that non-homeowners cite the main reason for not currently owning a home, as not being able to […]
Why You Should Hire a Real Estate Professional When Buying a Home
October 31, 2017 by ·
Many people wonder whether they should hire a real estate professional to assist them in buying their dream home or if they should first try to go it on their own. In today’s market: you need an experienced professional! You Need an Expert Guide if You Are Traveling a Dangerous Path The field of real […]
Should I Buy a Home Now? Or Wait Until Next Year? [INFOGRAPHIC]
October 20, 2017 by ·
![Should I Buy a Home Now? Or Wait Until Next Year? [INFOGRAPHIC]](https://i0.wp.com/homeloansbykarenjones.info/wp-content/uploads/2017/10/Should-I-Buy-a-Home-Now-Or-Wait-Until-Next-Year.jpg?resize=850%2C250)
Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 4.4% by next year. CoreLogic predicts home prices to appreciate by 5.0% over the next […]
