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Is waiting for lower interest rates a mistake?

With mortgage interest rates at a level not seen for over a decade (see chart below), the question of whether to wait for interest rates to fall is creeping in. This is not unreasonable, however, it does beg the question. Are rates actually high? If you take a look at the chart below, you can …

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How To Make Your Interest Rate Hold For Longer

Searching for a home? That’s great! It’s a good time to buy! We know that it can be stressful, as interest rates could go up during your search. What if it didn’t have to be that way? What if you could be certain that your interest rate wouldn’t change while you searched for your next …

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Your mortgage application was denied. Now what?

If your mortgage application has been denied, you don’t have to give up on your home ownership dreams. There are steps you can take to improve your ability to get approved for a loan. First, it is crucial to get in contact with your lender. There are a multitude of reasons as to why an …

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Is it still a good time to buy?

Better late now than never later. It’s the question that’s buzzing around real estate offices, mortgage companies, backyard barbecues, water coolers and passing conversations with neighbors. The short answer is — we think so. Yes, it is still a good time to buy. The long answer is more complicated. Consider these four trends to help …

The post Is it still a good time to buy? appeared first on Benchmark.

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15 Tips For An Easy Mortgage Process During The Holidays

‘Twas a crisp, cold, clear night, when we hoped for a house. With my hot cocoa stirring, I looked at my spouse. We’d mapped out our assets and budget with care, In hopes that our offer would not catch a snare. The children were nestled all snug in their beds, While dreams of new bedrooms …

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Can You Pay Off a 30-Year Mortgage Early?

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 …

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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.

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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 …

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