How Mortgage Rates Affect Your Monthly Payment

Experts say rates will come down slightly in the year ahead – but some volatility is expected.

Experts say rates will come down slightly in the year ahead – but some volatility is expected.
A recent report from Realtor.com says 20% of Americans don’t think homeownership is achievable.
Have you seen where mortgage rates have been lately?
Some Highlights If you’re questioning whether or not to buy a home this year due to today’s cooling market, consider the long-term financial benefits of homeownership. As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 290.2% since 1991. Homeownership wins in the long run. If you’re ready to buy a…
Mattress Money and other funds used to purchase a home With vigilant focus on the source of funds for closing mortgage loans, its important to know what’s acceptable. Here’s what you need to know and what you will need to provide: Mattress Money Or any “cash on hand” is not acceptable. All funds must…
If you’re wondering what’s going on with home prices lately, you’re definitely not the only one.
The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to restart your search. The…