Buying a Home

Sept. 26, 2023

Unlocking the Non-Financial Perks of Homeownership

The decision to purchase and possess your own home extends far beyond financial considerations. It's about embracing the intangible benefits that transform a mere residence into a place that truly reflects you.

Here, we explore some of the compelling non-financial incentives that accompany homeownership.

1. Creative Control Over Your ...

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Sept. 8, 2023

Exploring the Evolution of Mortgage Rates: A Historical and Future Perspective

If you are on the hunt for a new home this year, chances are you are keeping a close eye on mortgage rates. It is no secret that mortgage rates wield a significant influence on what you can afford when embarking on the journey of homeownership. Given the ongoing challenge ...

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Aug. 29, 2023

Debunking Six Common Reasons Against Buying a Home

The prospect of you becoming a homeowner might initially appear improbable. The weight of financial and mental hurdles can seem insurmountable at first glance. However, before you completely dismiss the idea of owning your own property, consider this: delving into homeownership demands more than just accepting a few common misconceptions ...

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Aug. 25, 2023

Mastering Home Buying: 6 Strategies for Securing the Ultimate Deal

Calling all discount aficionados, coupon clippers, and marketplace navigators! If you are a seasoned bargain seeker who believes in never paying full price, the notion of purchasing a home at, or even above, the asking price might send shivers down your spine.

Your thrifty instincts should not be abandoned when ...

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Aug. 24, 2023

Avoid These 5 Costly Missteps That Could Jeopardize Your Mortgage Approval

Congratulations on reaching the pre-approval stage, successfully finding your dream home, and having your offer accepted! It is a monumental achievement, yet the journey to homeownership isn't quite over, as Lenny Kravitz aptly reminded us with his lyrics, "It ain't over till it's over."

While the odds ...

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Aug. 21, 2023

Addressing Affordability: Builders Respond to the Demand for More Affordable Homes

The current housing market is grappling with two significant affordability hurdles for prospective buyers: elevated mortgage rates compared to the past couple of years, and escalating home prices driven by limited inventory. To surmount these challenges, a growing number of individuals are collaborating with their real estate agents to locate ...

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Aug. 14, 2023

A Comprehensive Guide to Purchasing a Condo

If you are in the market for a new home, you might be considering a condominium, or condo. Condos have become a popular choice for first-time homebuyers, downsizers, and city dwellers. However, before you take the plunge into condo ownership, there are important factors to consider. In this guide, we ...

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Aug. 5, 2023

30-Year Fixed Mortgage Rate and the 10-Year Treasury Yield 10 Year

If you’re asking yourself: what’s pushing the spread beyond its typical average? It’s primarily because of uncertainty in the financial markets. Factors such as inflation, other economic drivers, and the policy and decisions from the Federal Reserve (The Fed) are all influencing mortgage rates and a widening spread.

Why Does ...

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Aug. 4, 2023

Understanding How Inflation Impacts Mortgage Rates

When keeping an eye on the housing market news, you might come across decisions made by the Federal Reserve (the Fed) and wonder how they affect your plans to buy a home. Here is a breakdown of what you need to know. The Fed is actively working to reduce inflation ...

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Aug. 1, 2023

Move-In Ready vs. Fixer-Upper Homes

House hunting in Maryland involves making significant decisions, and one of the most critical choices is between a move-in ready home and a fixer-upper. Each option comes with its own set of advantages and disadvantages, making the decision challenging. To help you determine the best fit for your needs, we ...

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