Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% over the next year. The bottom … More 4 Reasons To Buy A Home This Fall! Via KCM
You have a lot to consider when shopping for a mortgage, and you don’t want unfamiliar lingo bogging you down. Before you begin the process of buying a new home, get comfortable with these five key mortgage terms. Fixed-rate mortgage: With a fixed-rate mortgage, your interest rate stays the same for the entire loan, which … More 5 MORTGAGE-RELATED TERMS EXPLAINED
Proposal Open for Public Comment Until July 7th WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued a proposed amendment to the Know Before You Owe mortgage disclosure rule, which proposes to move the rule’s effective date to October 3, 2015. The rule, also called the TILA-RESPA Integrated Disclosure rule, requires easier-to-use mortgage … More CFPB Proposes Two-Month Extension of Know Before You Owe Mortgage Rule
Via: Texas Association of Realtors Buying a home can get quite detailed. Here are the steps to take to ensure you’re prepared for the exciting road ahead. Choose a Texas REALTOR® Why? A … More The Buying Process
Hello my future home owners! I don’t know if you have heard but there is a new sheriff in town when it comes to your finances and that sheriff is the CFPB (Consumer Financial Protection Bureau). What are their jobs? Well let me tell you. Consumer Financial Protection Bureau Educate: An informed consumer is the … More What is the CFPB?
Via; KCM Keeping Current Matters After it was announced that Fannie Mae and Freddie Mac would again make available mortgage loans requiring as little as a 3% down payment, many people showed concern. Were we going back to the lower qualifying standards of a decade ago that caused the housing market crash? … More Fear of Low Down Payments Mostly Unwarranted
Via: KCM Crew A recent study by the Joint Center for Housing Studies at Harvard University revealed when renters were asked why they do no plan to own in the future, financial constraints were a more common response than the perceived lifestyle benefits they may receive from renting. Today, we want to go over those … More Debunking 4 Myths about Buying a Home