Tag Archive: budgeting

How a Change in Mortgage Rate Impacts Your Homebuying Budget

Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increased half a ...

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Down payment scared?

Many people are eager to buy a home right now while affordability — because of incredibly low mortgage rates — continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is ...

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How to be ready to compete (home buyers)

Some Highlights With so few houses available on the market today, you might not like it but there’s a good chance other prospective buyers are looking at the same property you are. Being prepared to compete is essential to getting you under contract. From pre-approval to making your best offer, ...

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