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1776 search results for: the wealthy are also defaulting on their mortgages
When you look at the numbers today, the one thing that stands out is the strength of this housing market.
If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then.
There’s been some concern lately that the housing market is headed for a crash.
- If you’re trying to buy your first home in today’s housing market, you’ll want to know what you can do as mortgage rates rise and inventory stays low overall.
- Connect with a lender to get pre-approved, prioritize your wish list, consider condos, and expand your search radius.
With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early 2000s.
You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008.
- If you’re thinking about buying a home, be sure to plan for closing costs.
- Closing costs are typically 2% to 5% of the total purchase price of a home, and they can include things like government recording costs, appraisal fees, and more.
The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments.
- If you’re planning to buy a home in 2023, here are a few things to focus on.
- Work on your credit and save for a down payment. If saving feels like a challenge, there’s help available. Then, get pre-approved, create a list of desired features, and prioritize them.
June is National Homeownership Month, and it’s a perfect time to think about all the benefits that come with owning your home.
Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence.
If you're thinking about buying or selling a house, it's important to know that it doesn't just affect your life, but also your community.
- Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow.
- Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and helps sellers know your offer is serious.