Whether you’re buying your first home or have owned several houses over the years, you’ve heard of the 30-year fixed rate mortgage. Many people choose the traditional, 30-year loan for the financial flexibility it provides.. Like most things in life, there are pros and cons. A Fixed Rate 30 Year Mortgage… ✓ Offers a lower …
How to Get Ahead When You Can’t Get the House You Want
It’s a seller’s market, and it’s not easy to make an offer within twenty-four hours to beat the crowd....If your search has faced competition, low inventory, or financial limitations, consider getting creative. These four unique housing options could help to cut costs so you can save faster for a possibly larger down payment.
Cost of Building Materials, Homebuilders, and the Housing Market – July 2021
The housing market has been as hot as the day is long. Are we finally beginning to see a cooldown? Although the housing market is still expected to favor sellers, we may be at a tipping point. Prices have risen so dramatically that buyers appear to be backing off, and home sales seem to have …
Happy Independence Day, from Benchmark
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Mortgage Interest Rates Begin Their Ascent. But Is It Enough?
Are rising mortgage interest rates enough to cool a heating market? Will housing inventory make a rebound? Your Spring 2021 update.
The Math of Refinancing: Does It Make Financial Sense?
Is Refinancing always a good idea? That depends on who you are, and what your reason is for refinancing. In this post, I give an example so you can make your own informed calculations.
Happy Veterans Day from Benchmark
If you or someone you love has served our nation in military service, thank you for your service to our nation. Happy Veterans Day from Benchmark. The story of Veterans Day began on November 11, 1918, when the Allied nations and Germany went into armistice, bringing an end to “the war to end all wars.” …
Tips For Home Buyers In A Low Inventory Market
Housing inventory is one of the factors that can dramatically affect the temperature of the real estate market. Less inventory means more potentially more competition and higher prices. Whether you’re a buyer or currently in the seller market, this can determine your strategy. Like most investments or assets, housing inventory can fluctuate anytime. This is …
Your Home Theater On A Budget: The Ultimate Guide
Grab that popcorn and dive in to see what you can do to help make the best theater viewing experience from the comfort of your own living room.
Buy Now To Buy More: What Interest Rates Mean For You
An interest rate determines how much money must be paid in a mortgage payment. The higher the rate, the higher the interest payment. Do you agree that buying now really does mean buying more?