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Equity / financial matters / Financing / financing/lending / Forbearance / Interest Rates / loan modification / Loans / mortgage
· by Reba Haas · 8 Jun, 2022
Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time (see graph below), that’s little comfort to those individuals who are...
buyer advice / Equity / financial matters / Financing / financing/lending / First Time Buyer / First-Time Homebuyer / For Buyers / Homeownership / Loans / mortgage / Team Reba / team reba tips
· by Reba Haas · 30 May, 2022
If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying put much longer than historical averages (see graph below):As the graph shows, before 2008, homeowners sold their houses after an average of just five years. Today, that number has more...
buyer advice / Down Payment / Downpayment Assistance / Financing / First Time Buyer / For Buyers / Freddie Mac / Homeownership / Loans / Team Reba / team reba tips
· by Reba Haas · 30 May, 2022
There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment...
Equity / Financing / For Sellers / Home Prices / Homeownership / Loans / mortgage / seller advice / Team Reba / team reba tips
· by Reba Haas · 26 May, 2022
Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth....
Down Payment / financial matters / Financing / financing/lending / For Sellers / Home Prices / Homeownership / Interest Rates / loan modification / Loans / mortgage / seller advice / Team Reba / team reba tips
· by Reba Haas · 24 May, 2022
As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. According...
Case Studies / Financing / First Time Buyer / For Buyers / For Sellers / Interest Rates / loan modification / Loans / mortgage / Team Reba / team reba tips
· by Reba Haas · 24 May, 2022
Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater,...
buyer advice / financial matters / Financing / financing/lending / First Time Buyer / First-Time Homebuyer / For Buyers / Interest Rates / loan modification / Loans / mortgage / Team Reba / team reba tips
· by Reba Haas · 19 May, 2022
If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re...
financial matters / Financing / financing/lending / Home Prices / Loans / mortgage / Pricing / real estate / seller advice / Team Reba / team reba tips
· by Reba Haas · 18 May, 2022
In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things: To be the winning bid on their dream home...
agent advice / Case Studies / financial matters / Financing / First Time Buyer / For Buyers / For Sellers / foreclosure / Foreclosure / Loans / mortgage / Team Reba / team reba tips
· by Reba Haas · 17 May, 2022
While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health crisis. When the forbearance...
agent advice / financial matters / Financing / financing/lending / First Time Buyer / First-Time Homebuyer / For Buyers / For Sellers / Home Prices / Loans / mortgage / Team Reba / team reba tips
· by Reba Haas · 16 May, 2022
Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. What’s Happening with Home Prices? Home prices have seen 121 consecutive...
