The recent news about one major financial institution closing all existing personal lines of credit and no longer offering them to customers may sound like a scary proposition.
Let’s discuss why. Continue reading
According to Freddie Mac and the National Association of Homebuilders, mortgage rates are expected to hover around 3 percent this year. The National Association of Realtors projects the rate will reach 3.2 percent in 2021, and Wells Fargo believes rates will be around 2.89 percent. All these numbers are attractive for both new home buyers and those looking to refinance.
There are benefits and pitfalls to both that a knowledgeable and professional agent can communicate to put you in the best position possible.
Despite it being a seller’s market where home prices in many regions are skyrocketing, you could still manage to land the home of their dreams without breaking the bank.
However, if you aren’t up for getting into possible bidding wars, are still content in your current home, or need to squeeze some money out of your monthly budgets, refinancing can provide some benefits.
To help you clients determine whether they should buy now or refinance instead, here are some essential considerations to share.
Brandon talks about what a VA Loan is, and also touches on other types of benefits Veterans can receive in the loan process, as we near Veterans Day.
*Not all borrowers will qualify. Contact us for more information on fees and terms.
Brandon explains how a buyer’s cash to close is calculated. Many first-time homebuyers, or even some in the industry, often interchange “cash to close” with “down payment” – these are not synonymous. Down payment is just one of the factors that goes into calculating cash to close.
*Not all borrowers will qualify. Contact us for more information on fees and terms.
Brandon talks about the benefits of mortgage pre-approval strategy meetings and how they can help home buyers and sellers learn which decision they should make. Learn more about mortgage pre-approval strategy meetings here.
*Not all borrowers will qualify. Contact us for more information on fees and terms.
Brandon talks about home renovation loans – how they can help solve home issues and also how they can be used to improve homes. Amerifirst Home Mortgage offers a variety of home renovation loans for buyers. Learn more about home renovation lending here.
*Not all borrowers will qualify. Contact us for more information on fees and terms.
Brandon Davis of Amerifirst Home Mortgage in Poland, Ohio discusses a hot topic in the news lately: interest rates. Specifically, how do interest rates impact your buying power and is it a good time to refinance.
*Not all borrowers will qualify. Contact us for more information on fees and terms.
Brandon Davis of Amerifirst Home Mortgage in Poland, Ohio explains what a credit score overlay means as it pertains to home mortgage lending.
*Not all borrowers will qualify. Contact us for more information on fees and terms.
Brandon gives insight into types of grants and financial assistance programs offered at Amerifirst, like the PowerSaver Grant ($1,000) and the Buyer Grant ($500). Give us a call to learn more: 330-565-9013
*Not all borrowers will qualify. Contact us for more information on fees and terms.
Brandon gives an update on the turnaround times that our team is seeing for Conventional, FHA, and VA loans.
*Not all borrowers will qualify. Contact us for more information on fees and terms.
