Buying a home for your child is a major financial and emotional decision. It’s a generous gesture that can offer security, stability and help create wealth, but it’s essential to carefully weigh the pros and cons before making this commitment. Here are some important factors to consider: [Read more…]
Helping Your Adult Child Buy a Home
August 29, 2024 by Leave a Comment
Mortgage Rate Update for the week of August 26, 2024
August 26, 2024 by Leave a Comment
Mortgage rates continue to trend lower! Will this trend continue? Check out my latest video to learn more.
Mortgage Rate Update for the Week of August 19, 2024
August 19, 2024 by Leave a Comment
What will impact mortgage rates this week? Check out this week’s episode which includes information on The Covenant Homeownership Program which offers down payment assistance up to $150,000!
Watch Out for Property Taxes when Buying a New Home
August 16, 2024 by Leave a Comment
A few days ago, I was reviewing a homeowner’s Closing Disclosure from their purchase that closed with another lender. This couple had come to me when they were purchasing the home, however the builder was offering extra incentives for buyers for working with the builder’s lender. I was surprised to see that property taxes were very under-estimated.
When someone is buying a home that has recently been built, it’s very likely that the home has not yet been valued by the county’s tax accessor. The only value that has been determined is for the lot. However, once you purchase the home, even though the home has not yet been assessed, you will owe taxes on both the land and the home. The “missing taxes” are called “omit taxes”. [Read more…]
Mortgage Rate Update for the Week of August 12, 2024
August 12, 2024 by Leave a Comment
It’s Monday and that means I’m sharing my weekly update on what may impact mortgage rates this week. Plus, I’m including solutions on what you can do if a seller is not wanting to pay your buyers agent’s commission, with the NAR Settlement.
Mortgage Rates Drop!
August 5, 2024 by Leave a Comment
Friday’s disappointing Jobs Report was actually great news for mortgage rates as it fueled a long-awaited rate drop. With unemployment trending higher, it’s more likely (almost guaranteed) that the Fed will finally start lowering the Fed funds rate in September. This means that we will start to see mortgage rates trend lower in anticipation of the Fed’s actions next month.
For more info, please check out my latest update.
If you’re considering buying or refinancing your home, please contact me. I am happy to help you or anyone you know!
It’s Fed Day! Fed Funds Rate is Unchanged.
July 31, 2024 by Leave a Comment
Today the FOMC will wrap up their two-day meeting and announce whether or not they are going to adjust the Fed funds rate. It is widely anticipated that the Fed will not make any changes to the Fed funds rate today. Close attention will be paid to what Fed Chair Powell states after the meeting to see if he provides any indications on when the Fed will adjust the Fed funds rate. [Read more…]
Mortgage Rate Update for the Week of July 29, 2024
July 29, 2024 by Leave a Comment
We have a lot taking place that may impact the direction of mortgage rates this week, including the Fed meeting and a couple of reports with employment data.
Want to know more? Please check out my latest video.
And remember, if you or anyone you, know are considering buying, refinancing, remodeling or selling your home, I am honored to help you!
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