Article by: Simplifying the Market™Originally Published: April 26, 2018, 10:00 amThis month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way: A 5% increase in home prices increases payments by roughly 5% A 1% rise […]
Home Buying Myths Slayed [INFOGRAPHIC]
Article by: Simplifying the Market™Originally Published: April 20, 2018, 10:00 am Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers raised their rents in the last 12 months! The credit score requirements for mortgage approval […]
Is Family Mortgage Debt Out of Control?
Article by: Simplifying the Market™Originally Published: April 19, 2018, 10:00 amSome homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now […]
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