Many looking to buy a new home, especially first-time home buyers, are often under the impression that a 20% down payment is required. The truth is, there are many loan options, like the Federal Housing Administration (FHA) approved loan that...
Assessing the health of the real estate market is a lot like analyzing the results of a check-up. You get good news, not-so-great news, and a whole bunch of numbers. In the end, however, the doctor gives you a summative thumbs up or thumbs down. The same could be said...
You may or may not be aware of a class-action lawsuit filed in Chicago that could change the way real estate agents are paid commissions. The suit was filed back in March on behalf of anyone that sold a home in the last five years through some of the biggest...
When you are serious about buying a home, the very first thing you should do is get preapproved for a mortgage. Many real estate agents won’t even show you houses unless you have a signed pre-approval letter that shows you are a serious buyer and aren’t just window...
We’re a mortgage broker, but our role in the home buying process puts us right in the middle of the home buyer and the real estate agent that serves them. This gives us a unique view of the entire transaction, and over the years we have come to learn a lot about just...
In an attempt to better understand the thinking of home buyers, particularly as it relates to where and how they view mortgage down payments, Freddie Mac has released some interesting data. As the headline shows, many potential home buyers don’t fully understand...
