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Credit Score Requirements LOWER As Interest Rates CREEP UP! [INFOGRAPHIC]

Some Highlights: The average 30-year rate for all loans closed in August eclipsed 4.3% for the first time since October 2014. The average FICO score for all closed loans in August reached a new yearly low at 724 (the lowest since February 2014!) The average down payment of FHA loans closed was just 4%! Follow and Read More

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Economic Impact of Every Home Sold [INFOGRAPHIC]

Some Highlights: Every time a home is sold, the surrounding economy feels a boost. Different industries and businesses benefit at each stage of the process of moving into a home! Hawaii leads the way with a $177,000 boost to the local economy. Follow and Share this blog for current real estate news and views for Read More

5-A+ Reasons to Hire A Real Estate Professional [INFOGRAPHIC]

A+ Reasons to Hire A Real Estate Professional [INFOGRAPHIC]

Some Highlights: Hiring a Real Estate Professional to buy your dream home, or sell your current house is one of the most ‘educated’ decisions you can make! A Real Estate Professional has the experience needed to help you through the entire process. Make sure that you hire someone who knows current market conditions & can simply Read More

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What Do You Really Need to Qualify for a Mortgage?

A recent survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today. 1. Down Payment The survey revealed that consumers overestimate the down payment Read More

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NAR’S Latest Existing Home Sales Report [INFOGRAPHIC]

Some Highlights: Existing Home Sales are up 10.3% year-over-year across the country. Sales rose to an annual rate of 5.59 million marking the 10th month in a row of year-over-year gains Prices are up 5.6% year-over-year in the U.S. to a median price of $234,000 Marked the 41st consecutive month of year-over year price gains. Read More

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52% Likely to Buy in the Next 5 Years!! Are You?

According to the recently released BMO Harris Bank Home Buying Report, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said they would be willing to pay an average of $296,000 for a home and would average a 21% down payment. The report also Read More

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Should I Wait to Put Down a Bigger Down Payment?

Some experts are advising that first time and move-up buyers wait until they save up 20% before they move forward with their decision to purchase a home. One of the main reasons they suggest waiting is that a buyer must purchase private mortgage insurance if they have less than the 20%. That increases the monthly payment Read More

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64.2% of Millennials Put Down Less than 20%

Digital Risk recently polled Millennials about the housing market. Among their findings was the fact that nearly two-thirds of the generation who have recently purchased a home, have done so with less than 20% down; with 36% putting down less than 5%! Here is a graph detailing the results: This means that more and more Read More