22 Mar 2023
By Aadil Nathoo

Navigating A Market With Higher Interest Rate

Mortgage, ,
Even though interest rates have gone up significantly during the past few months, there are still opportunities for you to find a home at a great price. The high interest rate can be discouraging for some people, but as long as you know how to navigate the market, you can still put yourself in a position to be successful. Put More Money Down The easiest way to combat a high interest rate is to reduce the amount of money you borrow. That means that you might need to put more money down. Of course, this means that you might need…
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21 Mar 2023
By Aadil Nathoo

Understanding Mortgage Pre-Approvals and How to Avoid Being Declined for One

Home Mortgage Tips, ,
The mortgage process is a long and complicated one, with a number of similar-sounding terms that can easily confuse first-time homebuyers. A pre-approval is not the same thing as a pre-qualification, and it's important to understand everything that goes into a pre-approval. Being declined during the pre-approval process means you'll have a hard time getting the funds you need to buy your home, so it's important that you know what the process is going to look like before going into it. How does a pre-approval work, and how can you make sure you won't be declined? Here's what you need…
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20 Mar 2023
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – March 20, 2023

Financial Reports, ,
Last week’s economic reporting included readings on housing starts and building permits issued, the National Association of Home Builders Housing Market Index, and Fed Chair Janet Yellen’s Senate testimony. The Commerce Department reported on housing starts and building permits issued published, and a monthly reading on consumer sentiment was published. Weekly reports on mortgage rates and jobless claims were also released. Two bank failures instill fear in depositors In the aftermath of two bank failures last week,  US Treasury Secretary Janet Yellen said that “the banking system is sound” during testimony to the US Senate last Thursday. When asked if…
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17 Mar 2023
By Aadil Nathoo

Is A VA Loan The Best Option For Your Needs?

Mortgage,
If you plan on buying a house in the near future, there are a few mortgage options available. One potential option is called a VA loan. This is a loan that has been backed by the Department of Veterans Affairs, and it could provide you with some added flexibility that you can use to purchase a house. Is a VA loan right for you? There are a few points to keep in mind. Who Qualifies For a VA Loan? First, not everyone is able to access a VA loan. This is a loan that is generally only available to active members of…
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16 Mar 2023
By Aadil Nathoo

Should You Pay Discount Points When You Get Your Mortgage?

Mortgage, ,
One of the challenges you will face when deciding how much money to put down on your new home is whether to put down a larger down payment or to take a bit of money from your down payment and use it to buy "discount points" to lower your interest rate. There are pros and cons to doing both and each borrowers situation will be different so it's important to understand which option is best for your individual situation. Some factors you should consider include: Cost of borrowing - generally speaking, to lower your interest rate will mean you pay…
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