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Building Wealth Through Homeownership
If you’re thinking of buying a home this year, make sure you factor in those long term benefits! On average nationwide, home prices appreciated by 288.7% over the last 30 years. This means homeowners grow their net worth significantly long term. Don’t miss out on starting your home wealth building opportunity and give us a…
Waiting for 3% Mortgage Rates? You May Want to Rethink That
Last year, the Federal Reserve took action to bring down inflation. In response to that mortgage rates jumped up from the record lows we saw in 2021, stopping at just over 7% this last October. A lot of buyers decided to hold off on their homebuying plans because of this increase in rates. Today the…
What do you know about Reverse Mortgages?
For a lot of people Reverse Mortgages are something they’ve either never heard of or are very unfamiliar with–so let’s break this program down! What’s the Difference between a Reverse Mortgage and a HECM (Home Equity Conversion Mortgage)? -HECM is backed by FHA/HUD with multiple safeguards in place to protect our seniors. Since it is…
Four Things That Help Determine Your Mortgage Rate
If you’ve been thinking of buying a home, you most likely have thought about securing the lowest interest rate possible for your home loan. The last few year that was easier to do as the housing market saw record-low mortgage rates, but this year rates have risen dramatically. If you’re looking at how to combat…
Housing Market Forecast for the Rest of 2022
The housing market is shifting away from the intensity of the past two years. Here’s what experts forecast for the remainder of 2022. Highlights: The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022. Home prices are forecast to rise more moderately…