Category: Fairfield County
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Mortgage Rates Will Come Down
Yes, Mortgage Rates Will Come Down, It’s Just a Matter of Time This past year, rising mortgage rates have slowed the red hot housing market. Over the past nine months we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the…
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Prequalified Mortgage
Why You Should Get Prequalified for a Mortgage How does qualifying for a mortgage work? Mortgage prequalification is the first step in determining how much money a potential homebuyer can spend on a new house. During the process, a financial institution will review an applicant’s pertinent financial information. This includes credit, income and assets, and…
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Selling Your Home This Winter
There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house. Here are three of the top questions you may be asking so you can make a confident decision. Should I Wait To Sell? Even though…
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Sell Your House Before the Holidays
As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the location or size of your current home no longer meets your needs,…
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New vs. Existing
Pros and Cons New Home Construction Pros: *Modern floor plan (open sapce, flex rooms, larger windows) *Delayed major maintenance costs (such as roof or HVAC) *Lower utility bills as a result of stricter building codes and newer energy efficient products *More upfront personalization Builder warranties on materials, workmanship and structural items Cons: *Higher upfront costs…
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Pre-Approval is a Critical First Step on Your Homebuying Journey
If you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved. In today’s market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval can be a game changer. Here’s why. What Is Pre-Approval? A mortgage pre-approval is when…
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The Emotional and Non-financial Benefits of Homeownership
With higher mortgage rates, you might be wondering if now’s the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move Here are just a few of the benefits that come with homeownership. Homeowners Can Make Their…
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The Cost of Waiting for Mortgage Rates to go Down
Mortgage rates have increased significantly in recent weeks. And that may mean you have questions about what this means for you if you’re planning to buy a home. Here’s some information that can help you make an informed decision when you set your homebuying plans. The Impact of Rising Mortgage Rates As mortgage rates rise,…
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Why You Should Consider Condos as Part of Your Home Search
The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to restart your search. The…