Arm yourself with information! These great slides from our friends at Vista Lending show growth in median home price and rising mortgage rates over the last year and into 2015! If you need any reason to buy now, these figures should be pretty motivating!
If you missed out on purchasing a home in 2013, it’s still not too late! 2014 is looks like it will be another great year for home sales and a great time for prospective buyers to get into the market! Austin is a particularly hot market and a great place to secure a solid long-term [...]
Effective January 2014, lenders now have new guidelines when qualifying self employed borrowers. The New York Times article linked below outlines the new documentation to be required by lenders. http://www.nytimes.com/2014/01/19/realestate/new-snags-for-the-self-employed.html?ref=mortgages&_r=0 Contact one of 787 Realty’s fine Realtors for more information about the Austin housing market or to buy and sell a home.
This is a great article from the New York Times that explains the advantage of using small local lenders. http://www.nytimes.com/2013/12/29/realestate/a-big-push-from-small-lenders.html?_r=0&adxnnl=1&ref=mortgages&adxnnlx=1389284727-1KXxbYHh+ommWErWonNTRg Contact 787 Realty today for more information on Austin real estate and our preferred local lenders.
F.H.A. backed loans cater to first-time buyers because they require as little as 3.5% down, but insurance premiums are high. Check out this New York Times article for more information. http://www.nytimes.com/2013/12/08/realestate/the-downside-to-fha-loans.html?_r=0 Interested in the Austin real estate market? Contact one of 787 Realty’s great Realtors today!
Before deciding on a lender, borrowers should compare offerings from both brokers and banks, whether online or at a bricks-and-mortar location. The New York Times article linked below is a good guide for borrowers. Contact 787 Realty for contact information for our preferred lenders. http://www.nytimes.com/2013/12/01/realestate/choosing-between-mortgage-broker-and-bank.html?_r=0
Hello to all, For those on the fence about the rise in mortgage rates, I offer a ray of sunshine! I have written in previous postings that the rates are still very low historically. In fact, the average rate for the last 20 years is a whopping 6.3%! With the news that the Federal Reserve [...]
When financing a home purchase, an appraisal must be ordered by the lender. Occasionally, the appraisal comes in too low and we must justify the higher sales prices to the banks. The link below from the New York Times outlines the what, why and how of low appraisals and the options available to buyers when [...]
Financing is an important part of the home buying process for the majority of purchasers. Interest rates on fixed-rate mortgages have risen over recent weeks and this increase has made adjustable-rate mortgages very tempting for buyers as they typically come with a lower interest rate in the beginning years of the loan. The New York [...]
