There are several key things to avoid doing once you've applied for a mortgage.
How long have you lived in your current home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers by the National Association of Realtors (NAR), in 2019, homeowners were living in their homes for an average of 10 years.
The year 2020 will be remembered as one of the most challenging times of our lives. A worldwide pandemic, a recession causing historic unemployment, and a level of social unrest perhaps never seen before have all changed the way we live.
Sometimes it helps to see the dollars and cents you’ll save when you purchase a home while mortgage rates are low.
Tomorrow, the unemployment rate for April 2020 will be released by the U.S. Bureau of Labor Statistics. It will hit a peak this country has never seen before, with data representing real families and lives affected by this economic slowdown. The numbers will alarm us. There will be headlines and doomsday scenarios in the media. There is hope, though, that as businesses reopen, most people will become employed again soon.
After speaking with hundreds of past, current, and future clients over the past 3 weeks our team wanted to put together a list of the top questions being asked. Some of these questions we don't have direct answers for but we do have lots of data from similar situations in the past.