Buying a home: The best time of the year to get a mortgage
If you have been waiting for those mortgage rates to drop even lower you may want to finally take the plunge and not wait any longer!
According to realtor.com now is the best time of the year to get a mortgage.
A new study from Haus, the home-finance startup created by Uber co-founder Garrett Camp, examined what role seasonality, loan size, credit scores and other factors play in the mortgage rates that lenders offer borrowers.
The study found that much like the housing market itself the mortgage market ebbs and flows with the seasons. And January, as it turns out, is the best time of year to get a new home loan on average.
With the mortgage rates at the lowest rate they have been in years - this is your chance. They will only be increasing more over time after this period.
So now.. how do you get your dream home? See how much...
Buying a Home: What to expect in 2021
The market has been booming in 2020- with interest rates at an all time low. Most agents and homeowners actually had an easier time selling & buying than prior years. During the pandemic people have been finding more affordable living spaces and relocating.
Now what to expect for 2021? Now extended time at home is shaping how people live everyday and where they want to live beyond the pandemic.
In 2021, here are a few trends shaping for the housing market:
- Interest rates are expected to remain low but increase gradually.
- Average home prices will rise.
- Home inventory will remain low, despite plenty of new construction.
- Homebuyers will stay focused on the suburbs.
- Renters hurt financially by the pandemic will continue to struggle, and rental assistance is needed.
The housing market will continue to flourish during the start of 2021. Homebuyers should not be concerned...
1170 Zion Road, Bellefonte
Retro ranch in the Bellefonte Borough, ready for your touch! Brand new roof, pristine hardwood floors and spacious two car detached garage are only some of the highlights of this charming home. Warmth and character abound with bench seating in the kitchen, wood burning fireplace flanked by built in shelving in the living room and a walkup attic with sizable storage. An ample backyard with patio and wraparound driveway are an added bonus. Convenient to Bellefonte School District and Victorian Bellefonte, make this lovely brick ranch your own on 1170 Zion Road.
Call KBB at 814-234-4000 to schedule a private showing!
View homes for sale in Bellefonte:
Open Houses in State College, Port Matilda & More | Sunday, November 1st
You want to preview homes ... feel the flow of the floor plan; gaze off the porch at spectacular views; find the storage you need; image yourself living in the home. Our sellers invite you to do this and more at their open houses. Come in ... you are welcome to ask questions and walk through to see if their home could be your new home! Find them all here ... call KBB at 814-238-8080 to see ANY home that's for sale or email [email protected].
Open Houses are this Sunday, November 1st:
Answers ease anxiety. Unprecedented and a bit unnerving is a fitting description for these times. Our primary goal, united as a business and individually as community members, is to to our part in limiting the damage this virus has done or is still capable of doing. We know that real estate is important and we know too that many people are caught in the 'in-between' stages during this Stay at Home Order. Though we don't have all the answers, we have some of the answers and good guidance to offer you. If nothing else, we can listen to you, understand your situation, and help you evaluate what is your next move (and when it's best to act on it). We're here for you...as we've been since 1933. Stay healthy Centre County. 814-238-8080 or [email protected] or submit the form below and we'll be in touch.
At some point, you’re going to ask yourself: Should I buy instead of rent?
It’s a complex question that includes a variety of factors. Buying is a smart choice for many, but not always the best deal, depending on the market you live in and other factors like how long you plan to live there, the size of the home you plan to purchase, and more.
Consider the following points before you decide to buy:
- It’s a big investment. You’ll have to put down a substantial amount of money for your down payment (generally three to 20 percent) and closing costs (which can cost up to three percent of the home’s purchase price).
- Can you get approved? Your debt-to-income ration is important for lenders to see how your debts stack up against your pay. Traditionally, lenders use the...