20
May
By Todd Grey
Mortgage, ,

Is It Best To Put Down A Large Down Payment, Or Be Agile With Your Savings?

Putting down the largest sum of money at your disposal might seem like the best way to go when it comes to your mortgage down payment. There is a certain amount of truth to this, but the reality is bigger is not always better. Ideally, the amount of money you settle on for your mortgage down payment will take into account your monthly budgeting requirements. The Big Advantages Of A Large Down Payment Fewer Mortgage Payments: The larger the down payment, the higher the likelihood that you will be able to afford a shorter mortgage. Unlike some of the other…
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17
May
By Todd Grey
Mortgage, ,

Use A Fixer-Upper Mortgage To Expand Your Options

Many people purchasing a home for the first time are running into the same problem. There simply are not enough starter or entry-level houses available in the current market that are ready for people to move into. One solution some home buyers are exploring is to buy a fixer-upper home. With a home renovation mortgage, prospective homebuyers can qualify for a home loan that combines the cost of home improvements with the purchase price of the house. A Lack Of Affordable Homes Regardless of whether they are brand new or resale homes, there simply are not enough affordable homes for…
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12
May
By Todd Grey
Mortgage, ,

ARM Loans: What To Know

Many people are wondering what type of home loan is right for them, and one of the options is an ARM loan. This is an adjustable-rate mortgage. Typically, the rate is fixed for a certain amount of time, but it can change after that. Adjustable-rate mortgages will vary depending on the market. Is an ARM a smart loan option?  There are some situations where an ARM loan can be helpful, but people need to be careful with them. The Risk Of An ARM Loan First, it is important to understand why ARM loans contributed to the housing crash more than…
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11
May
By Todd Grey
Mortgage, ,

The Younger Generations Are Interested In Owning A Home

The real estate market has been red hot this year, with many people looking to purchase a home because of record-low interest rates. This includes younger individuals, as younger generations are interested in owning a house for the first time. The past couple of years have been anything except normal, and the housing market has taken off, with demand far exceeding supply. Why is this taking place? Record Low-Interest Rates Are Driving People Into the Market Even though there are many reasons why people are interested in purchasing a home, incredibly low-interest rates are one of the biggest reasons. Many…
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05
May
By Todd Grey
Mortgage, ,

Many Millennials Need More Space

There are many Millennials who are looking for a home, and many of them are getting ready to trade up for more space. If you think you need more space, you may have more buying power than you realize. The coronavirus pandemic has led to a lot of changes, and you might be able to use the equity in your home to purchase a bigger house with more features. Why Millennials Are Looking For Bigger Homes There are a few reasons why many Millennials are looking for bigger homes. First, the coronavirus pandemic forced many people to work from home.…
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