What Are My Closing Costs?
Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what closing costs are […]
Wondering What’s Going on with Home Prices?
Here is What’s Going on with Home Prices The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices. Local price trends still vary by market. […]
Pre-approval in 2023
Getting Pre-approved: What You Need To Know One of the first steps in your 2023 homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: “In a pre-approval, the lender tells you which types of loans you may be eligible to take out, […]
High Mortgage Rates Got You Down?
High interest rates might be concerning you. Let us help you navigate the issues.
Mortgage Rates are Going Up
Do you know what that really means for you? If Mortgage Rates are Going Up, do you need to sit this out and wait for rates to normalize? The short answer is “maybe”. But take a look at what one our lenders just shared with us. There could be a great opportunity for you here. […]
What do Closing Costs Look Like for a Buyer?
The sales price has the biggest influence on closing costs, but other factors come into play as well, including geographic location, loan type and amount, down payment amount, and whether the buyer pays any points to buy down the interest rate. A common estimate of a buyer’s closing costs is usually about 2% to 5% […]
What’s Ahead for Mortgage Rates and Home Prices?
Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both mortgage rates and home prices so you can make your best […]
Housing Affordability
There are three things that impact housing affordability. Mainstream media would have you believing that it is only mortgage rates. But, housing prices and wages are also fundamental factors in housing affordabilty. Let’s look at each factor. Mortgage Rates – this is the factor that most people focus on when talking about homebuying conditions today. […]
Take the Fear out of Saving for a Home
If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first. Saving for a home doesn’t have to be scary though. One way to take the fear out of budgeting is understanding some of the costs you might encounter. And to do that, turn to trusted real […]
3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008 – Even in Basking Ridge NJ
With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble in Basking Ridge NJ. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news […]