Move-Up Buyers Archives - Page 2 of 12 - Joe Fernald

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Over the past year, a lot of people have been talking about housing affordability and how tight it’s gotten. But just recently, there’s been a little bit of relief on that front. Mortgage rates have gone down since their most recent peak in October. But there’s more to being able to afford a home than

Homeownership Is Still at the Heart of the American Dream

January 15, 2024

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers

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Buying a home is a powerful decision, and it remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live – it offers a sense of belonging, stability, and freedom. According to Nicole Bachaud, Senior Economist at Zillow: “The American Dream is still owning

Avoid These Common Mistakes After Applying for a Mortgage

January 10, 2024

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers

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If you’re getting ready to buy a home, it’s exciting to jump a few steps ahead and think about moving in and making it your own. But before you get too far down the emotional path, there are some key things to keep in mind after you apply for your mortgage and before you close. Here’s

Ways Your Home Equity Can Help You Reach Your Goals

January 9, 2024

For Buyers, For Sellers, Move-Up Buyers

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If you’ve owned your house for at least a couple of years, there’s something you’re going to want to know more about – and that’s home equity. If you’re not familiar with that term, Freddie Mac defines it like this: “. . . your home’s equity is the difference between how much your home is

What Lower Mortgage Rates Mean for Your Purchasing Power

January 8, 2024

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers

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If you want to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under 7%, according to Freddie Mac (see graph below): This

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Achieving Your Homebuying Dreams in 2024 [INFOGRAPHIC]

January 5, 2024

First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers

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Some Highlights Planning to buy a home in 2024? Here’s what to focus on. Improve your credit score, plan for your down payment, get pre-approved, and decide what’s most important to you. Partner with a trusted real estate agent so you have expert advice on how to achieve your homebuying goals this year.

Why Pre-Approval Is Your Homebuying Game Changer

January 4, 2024

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers

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If you’re thinking about buying a home, pre-approval is a crucial part of the process you definitely don’t want to skip. So, before you start picturing yourself in your new living room or dining on your future all-season patio, be sure you’re working with a trusted lender to prioritize this essential step. Here’s why. While

Thinking About Buying a Home? Ask Yourself These Questions

January 3, 2024

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing

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If you’re thinking of buying a home this year, you’re probably paying closer attention than normal to the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, the list goes on and on. Most likely, home prices and

What You Need To Know About Saving for a Home in 2024

December 28, 2023

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers

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If you’re planning to buy a home, knowing what to budget for and how to save may sound intimidating – but it doesn’t have to be. One way to ease those concerns is to make sure you understand some of the costs you may encounter up front. And to do that, always turn to trusted real estate professionals.

Get Ready To Buy a Home by Improving Your Credit Score

December 26, 2023

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers

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As the new year approaches, the idea of buying a home might be on your mind. It’s an exciting goal to set, and it’s never too early to start laying the groundwork. One crucial step to prepare for homeownership is building a solid credit score. Lenders review your credit to assess your ability to make