Rate text information is intended as a general market reference only, as of the date of creation, and intended for mortgage professionals and their partners' use. It is not intended for public distribution, online posting, or to serve as an…
What Should Home Buyers Think About Before Contacting a Real Estate Agent? April 10th, 2023 | Tom Theewis Buying a home is one of the biggest financial decisions most people will make in their lifetime. With so much at stake,…
What are Seller Concessions? April 7th, 2023 | Tom Theewis When purchasing a home there are certain costs that as a buyer you are responsible for. Some of those costs can be covered by the seller with a seller concession.…
April 5th, 2023 | Tom Theewis Buying a house is one of the most significant financial decisions you'll make in your lifetime. It's crucial to determine how much house you can afford before you start shopping for one. If you…
April 3rd, 2023 | Tom Theewis When you get a mortgage, there’s a limit to how much you can borrow. On an individual level, this will be determined by how creditworthy you are and how much you can afford to…
March 29th, 2023 | Tom Theewis Some Big Changes to Mortgage Costs Were Just Announced At the beginning of this year, the Federal Housing Finance Agency (FHFA) released updates to Fannie Mae’s and Freddie Mac’s (the Enterprises) single-family pricing framework.…
Federal Housing Administration (FHA) Announces Mortgage Insurance Premium Reduction for all FHA Loans March 27th, 2023 | Tom Theewis In late February of this year, the U.S. Department of Housing and Urban Development (HUD) announced that it will be reducing…
With interest rates still at a high, temporary buydowns have become an avenue that some sellers and buyers may consider. A 2-1 buydown program is a concession offered by sellers to incentivize buyers. A 2-1 buydown essentially allows borrowers to…
In our last post we talked about the pre-approval and how the twp most important items that any potential home buyer needed to focus on first was their credit and their pre-approval. Assuming all looked good in those areas, the…
In earlier posts we discussed finding the right lender and realtor. Now it is time to move on to the most exciting and sometimes nerve racking part of the home buying process. It is time to search for that home…
