Mortgage

Mortgage Rates May Fall Below 6% Later 2024

There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now, but here’s what you really need to know: compared to the near 8% peak last fall, mortgage rates have trended down overall.And if you’re looking to buy or sell a home, this is a big deal. While they’re going to continue to bounce around a bit based on various economic drivers (like...

Why Pre-Approval Is Even More Important in 2024

Why Pre-Approval Is Even More Important This YearOn the road to becoming a homeowner? If so, you may have heard the term pre-approval get tossed around. Let’s break down what it is and why it’s important if you’re looking to buy a homein 2024.What Pre-Approval IsAs part of the homebuying process, your lender will look at your finances to figure out what they’re willing to loan you. According to...

What You Need To Know About Saving for a Home in 2024

What You Need To Know About Saving for a Home in 2024If you’re planning to buy a home, knowing what to budget for and how to save may sound intimidating – but it doesn’t have to be. One way to ease those concerns is to make sure you understand some of the costs you may encounter up front. And to do that, always turn to trusted real estate professionals. They can help you set a plan and take a...

What Lower Mortgage Rates Mean for Your Purchasing Power

What Lower Mortgage Rates Mean for Your Purchasing PowerIf you want to buy a home, it's important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under 7%, according to Freddie Mac (see graph below): This recent trend is great news for buyers....

Do you know that there are Down Payment Assistance Programs available?

Down Payment Assistance Programs Can Help Pave the Way to HomeownershipIf you’re looking to buy a home, your down payment doesn’t have to be a big hurdle. According to the National Association of Realtors (NAR), 38% of first-time homebuyers find saving for a down payment the most challenging step. But the reality is, you probably don’t need to put down as much as you think:Data from NAR shows the...

Things to avoid until closing date

https://lisaogawarealestate.com/wp-content/uploads/2023/12/aa5eb552a4904d5faab4183e07321ade.mp4Congratulations on getting your loan approved, and your offer accepted by the seller! Once you have been approved for a loan, though - Don’t be relieved and assume that everything will go smooth until the closing! 🎢Here are some of the very important “Don’t”’s that you should be avoiding until the...

Thinking of buying a home in 2024?

https://lisaogawarealestate.com/wp-content/uploads/2023/12/9e7ca5001e12443596b091dc6ee1df18.mp4 3 tips for buyers thinking to purchase a home in 2024 3 advices for those of you considering to buy in 2024 - collaborating with Danielle from American Portfolio Mortgage! 🧑‍🏫📝1: File your taxes quickly! - So that you are able to get all of the documents available and be ready to move...

Buyer Activity Is Up Despite Higher Mortgage Rates

Buyer Activity Is Up Despite Higher Mortgage RatesIf you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is actually picking up speed.Data from the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes, helps paint the picture of how much...

Closing on Your Dream Home: Tips for Securing a Seller Credit

Closing on Your Dream Home: Tips for Securing a Seller Credit Watch this article in a 1 minute video  In a real estate transaction, it is usually the buyer who pays for the full closing costs.  Closing costs includes all costs associated in closing the purchase of the home, including attorney fees, appraisal fees, title company fees, etc., and is usually around 5% of the purchase price. (This...

Don’t Let Your Dream Home Slip Away: Causes of Failed Real Estate DealsHorror

Have you ever heard of a case where a real estate transaction 'fell thru' at the very last stage? Watch this article in a 1 minute video  There could be variety of reasons why real estate transactions fall through at the very last stage. Some of the common reasons are:  Conflict of interest between sellers/buyers (agreeing upon costs, or who will take care of repair, or other...

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