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![Buying a Home? Do You Know the Lingo? [INFOGRAPHIC]](https://static.wixstatic.com/media/6308e0_bbc4793a61a64b5eae628564796bd195~mv2.jpg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90/6308e0_bbc4793a61a64b5eae628564796bd195~mv2.jpg)
![Home Buying Myths Slayed [INFOGRAPHIC]](https://static.wixstatic.com/media/6308e0_e369fad5c45e420db1c4f63875450062~mv2.jpg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90/6308e0_e369fad5c45e420db1c4f63875450062~mv2.jpg)
Laura Wilson
- Aug 6, 2018
- 1 min
Home Buying Myths Slayed [INFOGRAPHIC]
Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers raised their rents in the last 12 months! Laura Wilson, Broker Windermere Real Estate, Florence Oregon 541.999.9688 www.FlorenceORBroker.com LWFlorenceRE@gmail.com #HomeBuyers #PurchasingaHomeTips
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Laura Wilson
- Feb 3, 2018
- 2 min
2 Major Myths Holding Back Home Buyers
Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.” Myth #1: “I Need a 20% Down Payment” Buyers often overestimate the down payment funds needed to qualify for a home loan. According to the same report: “Consumers are often unaware of the option to take out low
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Laura Wilson
- Jan 27, 2018
- 2 min
Gap Between Homeowners & Appraisers Narrows to Lowest Mark in 2 Years
In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 4% or more over the next twelve months. One major challenge in such a market is the bank appraisal. When prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that recently closed) to defend the selling price when performing t
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Laura Wilson
- Jan 21, 2018
- 1 min
FICO® Scores on Approved Home Loans Drop Again
According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance and purchase loans. FHA and VA loans showed the most opportunity for millennials looking to enter the market with low down payments and even lower FICO® Score requirements. Ellie Mae’s Millennial Tracker revealed that those who purchased homes in December with an FHA Loan were able to d
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Laura Wilson
- Dec 17, 2017
- 3 min
Before You Make an Offer, Here Are 4 Tips for Success!
So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found it! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true! Freddie Mac covered “4 Tips for Making an Offer” in their Executive Perspective. Here are the 4 tips they covered along with some additional information for your consideration: 1. Understand How Much You
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