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Chris explains the 2-1 Buydown. A 2-1 buydown can temporarily reduce the homebuyer’s interest rate. This can be a useful tool for homebuyers that worry about rates continuing to rise, and seller’s who are looking for a creative way to get an offer in a market where interest rates are trending upward.

It’s been a wild few years and the housing market has been anything but normal, so how can you better prepare yourself for your next home purchase? During the first quarter of 2020, interest rates dropped to historic lows.  Not only were homeowners able to save money by refinancing, homebuying became more affordable to those […]

Rate!  Rate!  Rate!   So, you want the lowest interest rate?  We get it. Interest rates are determined by how mortgage backed securities are sold and traded on Wall Street.  When the market is volatile, so are interest rates.  While it’s my job as a mortgage banker to monitor the market and advise you on when […]

Our tax system works in such a way that if you make money, you owe taxes.  Surprise.  However, while you have to pay the taxes on the money you make from working every year, when it comes to real investment income you may not have to pay taxes at all – at least not right away […]

It’s about that time. It feels like you just clinked glasses to ring in the new year, and already it’s time to file your tax return. Congress passed the largest piece of tax reform legislation in more than three decades. The bill went into place on January 1, 2018, which means that it will affect […]

Saving to buy a home while you watch prices and interest rates increase feels like an impossible goal. You have little or no money saved and feel like homeownership isn’t in the near future for you. You checked into FHA loans and learned it only requires 3.5% of the purchase price as a down payment. […]

Now that you’ve decided to start the home-buying process, it’s time to figure out which loan program is best for you. Since everybody’s situation is completely different, you’ll want to have a discussion with a mortgage professional help provide direction. After months of online browsing, it’s likely you’ve run into a jumble of curious letters, […]

You found the perfect home. It’s exactly what you’ve been looking for. It sits on a cozy street in a safe neighborhood within a great school district. There was some negotiating on price, but in the end the seller accepted your offer. Finally, you can rest easy as you’ve come to terms with the seller […]