by luxretail | Apr 12, 2022 | Home Buying
For many, a down payment seems like the biggest obstacle in achieving their dreams of owning homes. Saving up to 20% of a home’s price in cash can seem like an insurmountable goal, especially with today’s rising home prices. But that’s not the only...
by luxretail | Mar 23, 2022 | Home Buying
Gone are the days when borrowers with low income and not-so-perfect credit didn’t have options for purchasing a home. Both Fannie Mae and Freddie Mac, the two major agencies that buy and sell mortgages from lenders, created mortgage programs designed for low-income...
by luxretail | Mar 16, 2022 | Home Buying, Investors, Self Employed
Traditional mortgage products aren’t the only way to qualify for a home loan. With more and more home buyers working non-traditional jobs, the lending landscape is changing to address the specific income status of those unique potential home buyers. Cue: Simple...
by luxretail | Mar 8, 2022 | Home Buying
There is a never-ending list of things to worry about when you relocate, whether to a new city or a completely different state. One of the biggest stressors is buying a new home. Here are some tips to help you find all the real estate resources you need to relocate....
by luxretail | Feb 25, 2022 | Market News
As inflation continues to rise in the U.S., the effects are rippling through the housing market. Let’s look at how consumers in this market are reacting to rising prices. Some Buyers Are Speeding Up, Others Are Hitting the Brakes The Mortgage Bankers Association...
by luxretail | Feb 17, 2022 | Home Buying, Self Employed
Are you self-employed? A gig economy worker? Perhaps you generate income from investments rather than a salary. If so, or if you have similar non-traditional income, the standard approval process of a traditional mortgage may not suit your unique situation. But a bank...
by luxretail | Feb 9, 2022 | Market News
With 2021 in the rearview mirror, there are some notable insights to glean from the past 12 months when it comes to the mortgage industry. The lingering pandemic was still a factor and looks as if it will stick around in the first part of 2022 as well. Here are some...
by luxretail | Jan 28, 2022 | Home Buying, Market News
Found your dream home, but worried the price might put you out of the range for a conventional loan? There is good news for borrowers who want a higher value property but don’t want the restrictions of financing with a jumbo loan. For 2022, the Federal Housing Finance...
by luxretail | Jan 20, 2022 | Home Buying, Investors
New Year’s resolutions often include financial goals, including paying off credit cards, building a savings account, budgeting better, and planning ahead for retirement. If you are starting 2022 off with some new financial to-dos, how about diversifying your portfolio...
by luxretail | Jan 10, 2022 | Home Buying
Thinking of buying a home in the New Year? It’s never too early to start planning. Whether this is your first house or your third, here are some tips to help kickstart your home buying journey. Rank Your Must-haves vs. Nice-to-Haves Buying an existing house that you...
