In today’s housing market, all eyes are on you millennial. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to invest in real estate. If you’re like many millennials who are spending much more time at […]
For many young professionals, the dream of homeownership seems impossible. But with the help of non-QM loans, it’s becoming more and more achievable. Non-QM loans are mortgages that don’t require borrowers to meet traditional lending criteria, such as high credit scores or large down payments. This makes them ideal for people who may have struggled […]
Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in which an old mortgage is replaced for a new one […]
Photo by David McBee from Pexels We may have a “new normal” for the housing market. Due to low record low interest rates over the past year, there’s been a huge surge in demand. When you combine this with the low housing supply it creates a housing boom. The housing market remains fiercely competitive and […]