Buy vs. Wait? This One Will Cost You More in the Long Run!
Buy vs. Wait? When considering buying a home, the timing often feels tied to interest rates. Many potential buyers take a step back from the market, hoping to wait out high rates. The idea is simple: wait for rates to drop, and the home purchase will become more affordable. While this sounds logical, the reality […]
Why a Mortgage Pre-Approval is so Important
A mortgage pre-approval is not only the very first step when buying a home, but it’s also the most important one. Not going into the home-buying process with a mortgage pre-approval can stop you dead in your tracks in the middle of the process and could cost you time, money, and the home of your […]
Self-Employed Tax Prep Causing Mortgage Hurdles?
When it comes to obtaining a mortgage as a self-employed individual, understanding how your taxes impact your loan approval is crucial. Nathan Jennison of Mortgage Architects shares insights into why proper tax planning is essential if you’re looking to purchase a home or refinance in the next two years. Here’s everything you need to know […]
Bad Refinance? How to Avoid Costly Mistakes and Save Money
Bad refinance deals can cost homeowners tens of thousands of dollars, often without them realizing it until it’s too late. These types of refinancing strategies may seem attractive at first, offering lower interest rates and reduced monthly payments, but the hidden costs can significantly outweigh the benefits. In this guide, we’ll explore what makes a […]
Lower Interest Rates Could Cost You More in the Long Run
Interest rates are a hot topic in the housing market, and many prospective homebuyers are holding off on purchasing a home hoping these rates will drop. While this might seem like a smart move at first glance, the reality is that this strategy could cost you more money in the long run. Let’s dive into […]
The Federal Reserve Rate Cut and Its Impact on Mortgage Rates
The Federal Reserve rate cut, the recent decision to cut the federal funds rate by 50 basis points, has been dominating the headlines. Many are wondering how this significant move will influence mortgage interest rates. Contrary to popular belief, the relationship between the Fed rate and mortgage rates isn’t as straightforward as it might seem. […]