Home Price Appreciation Is On The Rise

It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month. In addition, Jim Dalrymple II of […]

Homeownership Is American’s Favorite Investment

Wondering If It’s A Better Idea To Invest In Stocks or Buy A Home? Summary: 93.3% of Americans would choose homeownership over purchasing stocks. In fact, Americans have ranked homeownership a best investment Seven years in a row. Sources: https://libertystreeteconomics.newyorkfed.org/2021/04/do-people-view-housing-as-a-good-investment-and-why.html https://news.gallup.com/poll/309233/stock-investments-lose-luster-covid-sell-off.aspx Douglas BatemanDouglas Bateman is a military veteran & 20+ year expert in Mortgage Finance for the State of Texas. […]

Surge In Cash-Out Refinances

Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in which an old mortgage is replaced for a new one with a larger amount than […]

What Credit Score Do You Need for a Mortgage?

According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge for some, many buyers may be […]

What Is the #1 Financial Benefit of Homeownership?

There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. As Freddie Mac explains: “Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue […]

5 Steps To A Winning Offer

Today’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Here are five tips for success in this critical stage of the homebuying process. […]