According to the 2017 Home Buyer and Seller Generational Trends Report, Millennials bought 34% of the homes sold; the largest of any generation last year.
5 Ways Millennial Buyers Can Snag Their Dream Home In This Sellers Market
Category: Mortgage
The Home-Buying Closing Process in a Nutshell
The closing process for a home purchase is an exciting time. The home is finished, the purchase is ready to be finalized and it’s almost time to move in. The final steps of the closing process ensures both parties are able to meet their requirements and all the paperwork is in place and verified.
Equity Loan and HELOC vs. Reverse Mortgage – What’s the Difference?
There are times in our lives when the idea of freeing up cash becomes desirable or necessary. Near retirement, this is a common consideration. The typical financial tool that many retirees want to know about is a reverse mortgage, but it’s not the only equity tool available.
Brooklyn Market Update – Yael Ishakis – FM Home Loans
The real estate market in Brooklyn has constantly been on the rise, especially over the past three years. Being up to date with the current listings and comparing prices of previous years can help predict where the market is going to head. Knowing this will help you figure out when the best time to buy… Continue reading Brooklyn Market Update – Yael Ishakis – FM Home Loans
Pros and Cons of Adjustable Rate Mortgages
When you are in the market for a new home, you may be faced with numerous options for financing your home. One of the choices you will have to make is whether to apply for a fixed or adjustable rate mortgage. In some cases, an adjustable rate mortgage (ARM) may be your best option, but keep in mind, they are not the answer for everyone.
Should You Pay Discount Points When You Get Your Mortgage?
One of the challenges you will face when deciding how much money to put down on your new home is whether to put down a larger down payment or to take a bit of money from your down payment and use it to buy “discount points” to lower your interest rate.
Look Beyond The Interest Rate: What Else Matters When Choosing A Mortgage Lender?
Most consumers securing a mortgage plan to remain in that loan for 30 years. During that time, the borrower maintains a relationship with the loan servicer or lender. Most often, home buyers do not think twice about who the mortgage lender is, but rather focus on the interest rates offered.
How The 2018 Tax Changes Can Affect Your Mortgage
When the chatter was at its peak on the 2018 tax law changes being proposed, one of the big areas of concern for homeowners was the elimination of the mortgage interest deduction. Right behind that issue was a similar treatment with regards to property tax deductions.
Manage These 3 Items Before Applying For A Mortgage
GMortgage lenders weigh the risk of getting their principal and interest paid back by looking at the qualities of the prospective borrrower. And due to the amount of money being requested and lent to purchase homes, those requirements can become daunting.
Should You Consider an Adjustable Rate Mortgage For Your Home Purchase?
With mortgage rates finally looking like they may move upward a bit as the overall market improves the adjustable rate mortgage starts to come into play again.