Ready to sell your home, but uncertain how to compete as a buyer in today’s hectic housing market? When you find your dream home, move in right away with NEO Home Loans’ Trade-Up program! Trade-Up will allow you to make an all-cash offer, closing quickly on your new home and beating out other buyers. Once […]
If you’re a renter feeling hopeless with increasing rent prices, now may be the time to consider homeownership. Data from realtor.com shows that median rent is up 8.1% this year from last, an additional $118 per month for renters in some cities. Stop worrying about where your rent will be and lock in your monthly […]
There are too few homes for sale to meet the needs of buyers. So few that the average home for sale receives five offers according to a recent Confidence Index from the National Association of Realtors. This is causing housing prices to continually hit new all-time highs, while simultaneously creating the most competitive real estate […]
Housing bubble concerns have been rising as fast as today’s home prices. Today’s market is much safer than the one leading up to 2006 though. Here are three reasons why you can be confident our current market will remain strong. 1. SAFER LENDING STANDARDS Today’s borrowers are much more qualified for the loans they receive. […]
Your mortgage refinance is about to get cheaper! Today, to help families reduce their housing costs, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries effective August 1, 2021. This fee was implemented last year by the government-sponsored enterprises and was designed to cover […]
Home prices have risen sharply this past year. Whether you are looking to upgrade your current home or stop renting, you’re probably wondering if this market will ever slow down. Here’s what to expect over the next few years and how you can use increasing prices to your advantage. The most recent Home Price Expectations […]
We understand fears of another housing crash are making many people wait to purchase a home. However, there’s one factor that most people don’t consider when analyzing the state of the US housing market…and that’s homeowner equity. Homeowner equity is going up…and it’s going up FAST. That’s according to CoreLogic’s new Homeowner Equity Insight report, which […]
You will have to pay closing costs when you buy a house. It’s part of the process that isn’t fun (let’s face it, nobody likes paying money), but it gets you into your dream home, so it’s worth it. What are closing costs? Well, it turns out a lot of things get rolled up into […]
Platforms such as Airbnb have made it easy for homeowners to temporarily rent out unused spaces. But should you rent out rooms in your home for extra revenue? Let’s consider a few of the pros and cons of renting out the empty rooms in your house. Pro: You Have Control When You Rent Rooms through […]