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Interest Rates & The Coronavirus – What’s Next?

Interest Rates & The Coronavirus – What’s Next?

While we are all getting a little freaked out looking at our 401K’s, this past month has provided opportunities to refinance and purchase new homes that have not been seen since 2012 and prior to that you had to go back to the 1940s to see interest rates as low. These rates are being driven lower because investors flee to the safety of bonds in times of turmoil. The Coronavirus has been the catalyst because of what started in China ...

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Thinking of Selling? Now May Be the Time.

Thinking of Selling? Now May Be the Time.

The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%.

The Census Bureau also just reported the highest homeownership rate since 2014 for people under 35. This is evidence that owning their own home is becoming more important to Millennials as they reach the age where marriage and children are part ...

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Year End Tips/Reminders

Year End Tips/Reminders

Since we have been in the planning mode ourselves, we thought it might be helpful to put together a list of some things that you might want to do before the year comes to a close. Some of these may not apply right now, but they could also be things that you schedule for next year. Hope you find this list useful. Oh, and if you need a great referral to help you with any of these, don’t hesitate to ...

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Instant Offers for Your Home – The Real Cost of Convenience

Instant Offers for Your Home – The Real Cost of Convenience

What Are Instant Home Offers?

Have you heard the term iBuyer? You’ve probably heard of these companies: Zillow, Offerpad, Opendoor, and Knock; all part of a growing segment of tech companies getting into real estate. I know you’ve heard the commercials: get an instant cash offer, sell your home for free, no repairs, no strangers trampling through your house, move hassle free in 7-10 days. Is it really that easy? Let me break down the pros and cons.

Pros & ...

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Interest Rate Update for September 2019

Interest Rate Update for September 2019

Check out the video for an Interest Rate Update from Scott!! – https://www.screencast.com/t/WgBx7AtpBe

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Interest Rate Update from Your Team @ Family Mortgage!

Interest Rate Update from Your Team @ Family Mortgage!

Interest Rates Continue To Improve

Since the end of May, interest rates have continued to improve. While this is not happening in a straight line, the trend has been in a positive direction for mortgage rates. Especially over the last three weeks we have seen some dramatic swings from day-to-day. Depending on your personal situation, interest rates for the most part have dropped into the mid to high 3% range, if you are a solid borrower.

Your Rates May Differ

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Scott’s Perspective – Food is Medicine

Scott’s Perspective – Food is Medicine

Since reading the book, “Clean” by Alejandro Junger several years ago, my wife and I have selected a 3-week period each Summer to complete a 21-day Cleanse, touted in the book as a revolutionary program to restore the body’s natural ability to function more properly and heal itself. That 21-day period ended 3 weeks ago and we are both still benefiting from the experience in terms of more energy, better ability to sleep, and we pay better attention to the ...

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Student Loan Payments & Mortgage Qualification

Student Loan Payments & Mortgage Qualification

If you are considering purchasing a home and you have student loan debt, consider speaking with a mortgage professional as a starting point. There are all kinds of rules around how these are treated when it comes to qualifying for a mortgage. How your student loans are structured or in what stage of repayment they are in may dictate what type of loan program you will qualify for.

For example – most people incorrectly assume that if your loans ...

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First Time Homebuyers Golden Opportunity

First Time Homebuyers Golden Opportunity

This spring has been an exceedingly vibrant market in metro Atlanta for housing. Inventory levels are up 12% from this time last year. This is providing buyers more options to look at although it is still very competitive. The difference this year is that deals are happening at a faster clip than a year ago. Buyers seem to be having more success this year getting their offers accepted. Part of this is that our clients are taking the time to ...

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Credit Scores – Don’t Sweat the Small Dips

Credit Scores – Don’t Sweat the Small Dips

We assist people with understanding and improving their credit scores with great regularity. One of the questions that comes up frequently is why credit scores go up and down so frequently? Credit Scores are made up of five main components.

The first is making your payments on time (35% of your score). If you make, even one late payment in the very recent past, your score will drop dramatically. The second component is called your utilization ratio ...

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