Things To Avoid After You Apply for a Mortgage. Applying for a mortgage is one of the most exciting — and nerve-wracking — steps in the homebuying process. Once your lender has reviewed your credit, income, and assets, it may feel like you’re in the clear. But not so fast. Even after you’ve submitted your […]
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Executive Summary Blockchain technology and asset tokenization are poised to transform the global real estate market by democratizing property ownership and increasing transparency. This white paper provides an in-depth exploration of how blockchain-backed property transactions and tokens (digital shares of real estate assets) can lower barriers to investment, reduce fraud, and streamline the cumbersome processes
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You can read the long winded stuff below or focus on the simple facts. Mortgage rates have dropped, demand will jump. Buy now for best deal! Mortgage Market Update December 14, 2023, mortgage rates have remained relatively stable, with a slight dip in the average rate for a 30-year fixed mortgage to 7.48%, down
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Federal Housing Administration Expands Access to Mortgage Financing for Homes with Accessory Dwelling Units AKA “Tiny Houses”. This ground breaking policy could help bring tiny houses into the main stream. If the federal government is willing to finance them, local zoning may warm up to allowing them and collecting more tax revenue per lot. Steve
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Nationwide Zoning Regulation for Tiny Houses as Accessory Dwelling Units. On October 16, 2023 the FHA approved the financing of tiny houses when created as an accessory dwelling unit or units. This new approval adds a great deal of legitamacy to the tiny house concept as a means of increasing much needed housing inventory and
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Getting a home loan when you are self-employed can be a bit more challenging than if you have a traditional salaried job. Lenders typically prefer borrowers with a steady income and a consistent employment history. However, it is still possible to qualify for a home loan when you are self-employed. Here are some steps to
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If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared
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The history of home mortgage rates over the past 100 years is a captivating journey through the fluctuations driven by the dynamic interplay of economic, political, and societal factors in the housing market and the broader economy. Starting in the late 19th century, the concept of standardized home mortgages emerged, gradually becoming more accessible to
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Determining how much you can afford to buy or rent a property depends on several factors, including your income, expenses, credit score, and financial goals. Here’s a general approach to figuring out how much you can afford: Calculate your monthly income: Add up all your sources of income, including salary, bonuses, rental income, and any
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Changing mortgage rates can have a significant impact on various aspects of the housing market and individual homeowners. Here are some key ways in which changing mortgage rates can influence the housing market: Affordability: Mortgage rates directly affect the affordability of homes. When mortgage rates are low, borrowers can secure loans at lower interest rates,
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