Your Source for Summit County Real Estate
Ever since President Trump floated the idea of offering mortgages for 50 years, there’s been a buzz wondering if that could be a good option to help make home ownership more affordable. It’s happened for automobile financing over the years. The 3 year car loan went to 5 years and then 7 years. Why not […]
Summit County is buzzing with excitement. The crisp morning air, the golden Aspen leaves scattered across the ground and the snow beginning to accumulate on the peaks. Winter is coming to Summit County and everyone is getting excited for the upcoming ski season! If you have been wanting a Summit County home in time for […]
Interest rates are up, inventory is low, prices are up. This has everyone asking is now a good time to buy real estate? Why would anyone want to buy a home right now? Rents are up too. Staying in a rental is not a great option. Rents go up almost every lease period. If you […]
I came across this video I made a few years ago saying don’t hire a real estate agent. With what is going on with the NAR proposed settlement right now, I thought it was fitting and worth sharing again. I don’t always like to watch videos and it’s not always possible in every situation. Here’s […]
With mortgage rates climbing more than 3% so far this year, it is tricky to get the lowest interest rate mortgages these days; but not impossible. Business has slowed dramatically and solutions to find the lowest interest mortgages are necessary to encourage buyers to buy in this high rate environment. Some mortgage brokers are bringing […]
The real estate market is in transition. I don’t think anyone would argue with that statement. So now that it is in transition, should buyers be moving forward with a home purchase? Is this a good time to buy a Summit County home? There are several factors to consider before answering this question. Home prices, […]
There’s been a lot of news about the increase in the conforming loan limits for 2022. The new loan limits range from $647,200 to $970,800. A conforming loan means it will be backed by the government entities, Fannie Mae or Freddie Mac. That backing makes loans easier to get and generally you will have lower […]
Freddie Mac & Fannie Mae recently made some changes to their loan requirements that impacts what loan products are readily available to consumers. One of those changes is making interest rates on second homes jump and another may make investment property loans more difficult to get. Second homes make up a huge portion of the […]
If you are taking advantage of these phenomenally low rates and financing your real estate purchase you may be surprised to know how much mortgage rates impact your monthly payments. Everyone knows lower interest rates are better and will save you money. Not everyone realizes just how much though. 4.5% Interest rate vs 3% Let’s […]
Conforming loan limits are set by the federal government and can impact the loan products, requirements and rates that are available from your local mortgage brokers and lenders. If your mortgage amount is higher than the conforming loan limit, it will be a jumbo loan and can have different requirements and interest rates. For example, […]
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