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Tag: mortgage basics (57 Articles)

October 17, 2024 | 2 minute read

How And When to Refinance Your Mortgage

Understanding how and when to refinance your mortgage is crucial for maximizing savings and reaching your financial goals. Homeowners might consider refinancing for a variety of reasons based on their unique situation and circumstances. Most commonly, refinancing is done with the goal of securing a lower interest rate, shortening the ... More

October 4, 2024 | 3 minute read

Contingent vs Pending Property Listings

Throughout your house hunting journey, you’re likely to come across the terms “pending” and “contingent”. While they may seem interchangeable, these terms describe two different stages of the real estate transaction process. Understanding these terms is important to homebuyers as they can help determine how close a property is ... More

August 22, 2024 | 5 minute read

Understanding Mortgage Math: How to Use a Mortgage Calculator

For many of us, buying a home is one of the biggest financial decisions we make in our lifetime. Understanding what goes into a mortgage payment, and the math involved in the mortgage process will help you make more informed decisions throughout your home-buying journey and beyond. Whether you’re ... More

July 16, 2024 | 4 minute read

Navigating a Low Inventory Housing Market

Even in an ideal market, finding the right home and getting an offer accepted can be a challenge for homebuyers. When inventory is low, it becomes even more crucial to have the right professionals by your side to ensure you have an effective strategy and understand how to compete in ... More

July 1, 2024 | 3 minute read

National Association of Realtors (NAR) Settlement: Key Takeaways

The recent National Association of Realtors (NAR) Settlement introduces significant changes to broker compensation practices in the real estate industry. The settlement requires greater transparency in broker commissions and aims to create a more competitive and fairer real estate market by eliminating practices that could potentially mislead homebuyers. The changes ... More

June 5, 2024 | 3 minute read

Pre-Pandemic Home Prices: What This Means for Buyers

In mid-2020, home price growth reached historic levels, with the year-over-year (YoY) index demonstrating a huge increase in property values. For much of the pandemic, mortgage rates were also at near-historic lows, which helped to offset some of the impacts of rapid home price growth. More

May 22, 2024 | 4 minute read

The Importance of Mortgage Pre-Approval in Today’s Market

During the home-buying process, you should find a property you like and then get a mortgage pre-approval, right? Not exactly. While both of those are important steps in your journey, getting pre-approved needs to be at the top ... More

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