Title: Navigating the Home Buying Journey: Why Long-Term Open Housers Need Pre-Approval If you’re the type to spend weekends browsing open houses without immediate plans to buy—affectionately known as a “weekend warrior home buyer” or a “long-term open houser”—you understand the thrill of the hunt. There’s a unique excitement in exploring potential homes and imagining…
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Are you dreaming of owning your own home but finding it challenging to secure a mortgage due to your hourly wage? You’re not alone. Many individuals face hurdles in obtaining residential mortgage loans, particularly those paid hourly with varying work hours. Let’s delve into why this can be a struggle and explore potential solutions. When…
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Are you holding off on buying a home, hoping that interest rates will come down? It’s a common sentiment among consumers, but before you delay your homeownership dreams, let’s take a closer look at the financial implications… Let’s start with an example: Suppose the average 30-year fixed-rate mortgage today is 6 1/2%, and you’re considering…
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When it comes to purchasing a home, your monthly income is the most influential factor, surpassing even your credit score and available cash. Understanding how your income impacts your purchasing power is essential for aspiring homeowners. Let’s explore this concept with practical examples and actionable insights. Consider this scenario: You earn $100,000 annually, and based…
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Hey there, fellow dreamer! Are you ready to take the leap into homeownership and turn your dream home fantasies into reality? If you’re anything like me, the prospect of embarking on this journey can be both exhilarating and nerve-wracking. But fear not, because I’ve been there, and I’m here to share some insights that could…
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Buying a house today can be an arduous task, especially when you consider the many challenges that families face. One of the most significant challenges is qualifying for a price that is affordable for the family. Heightened interest rates and high housing prices only add to the difficulty. However, there are a few factors that…
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The recent settlement involving the National Association of Realtors regarding real estate agent compensation has the potential to impact both buyers and sellers in the industry. As we move into uncharted territory in the summer of 2024, it’s important to evaluate the possible effects of this change. Historically, the industry has accepted a real estate…
Read MoreBuying a new home while still owning your current home can be a challenging process, especially in today’s market. When you want to purchase a new home without selling your current home first, you may be required to make a contingent offer. A contingent offer means that the purchase of your new home is dependent…
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