Lower Mortgage Rates in 2023 – Buyers Are Back!

That’s right – lower mortgage rates in 2023! In fact, a 30 year fixed rate mortgage loan rate is currently less than double than they were was last year. When the interest rates went up in 2022, we saw the housing market slow down with less offers from home buyers and homes staying on the […]

Will Mortgage Pre-Approval Affect My Credit?

Most serious home buyers obtain a mortgage pre-approval before embarking on a homebuying journey. This is an important step in the home buying process, but so is having a solid understanding of how a mortgage pre-approval can affect your credit. Some home buyers hesitate to get a mortgage pre-approval because they believe it will negatively […]

2023 Median Down Payment May Surprise You

One of the first things new home buyers consider when purchasing a home is having the funds for a down payment. While lenders would like to reduce their risk with a 20% down payment, the actual median down payment in 2023 may surprise you. It is typically not required to put a 20% down payment […]

2023 VA Loan Limits

The Blue Water Navy Vietnam Veterans Act of 2019 eliminated VA loan limits for loans to qualified Veterans with their full VA loan entitlement in order to give military veterans more buying power regardless of home prices. Veterans with reduced VA loan entitlement must still follow VA loan limits, which have increased in 2023. In […]

Is a New Home on Your Holiday Wish List?

The holiday season is often thought to be the worst time of year to buy or sell a home. I disagree. If a new home is on your holiday wish list, there are many benefits to buying or selling a home during the holidays. It’s not uncommon for buyers to purchase a new home during […]