For many of us, envisioning our dream home is easy, but figuring out how to finance it is usually what keeps it from coming true. Here is some good news – the FHLB Grant program can help you achieve homeownership.
2024 may be your year to buy a home! As mortgage rates have soared, people who already own homes have been reluctant to sell. If you’re getting ready to buy a home, it’s exciting to jump a few steps ahead and think about moving in and making it your own. Before you get too far down the path, there are some key things to keep in mind.
When you’re ready to obtain a mortgage loan, there is actually something you can do to ensure your mortgage payments are more manageable in the future. A buydown mortgage is a financing technique that allows a borrower to obtain a lower interest rate.
You’ve been careful with your budget and ready to buy your first home. While this tells me you’re a skilled money manager, there are some additional costs that affect almost every homeowner. Your home search will be less stressful if you learn about these in advance, especially as they could affect the location, age, and condition of the home you buy.
Did you know that you can purchase today and refinance the loan with no lender fees? While it is impossible to predict when interest rates will change, almost all lenders expect rates to eventually go down.
As many would-be buyers are aware, the market’s performance is being largely controlled by one factor: mortgage rates. During the first half of 2023, these kept housing in a state of suspended animation in many areas.
If you are a first-time home buyer, finding the right home loan and mortgage options can be tough. You’re often left wondering, which option is best for my needs? How much money do I need to put down up front? Do I need a traditional mortgage or something else?
Summer is the most popular season for moving house, especially for households with school-aged children. If you have decided to postpone buying a home because of the current interest rates, it is possible that you could wait longer than you’d planned.
Envisioning your dream home is easy, but figuring out how to finance it is usually what keeps it from coming true. Here is some good news – the FHLB Grant program can help you achieve homeownership. First-time homebuyers (or anyone who has not owned a home in the past 3 years) can be eligible to receive up to $7,500 in grant money to cover down payment and closing costs through Core Bank.
Choosing a mortgage doesn’t have to be a daunting process. Here are a few questions to ask yourself in preparation for choosing the right loan for you.
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