You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]

You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC] Simplifying The Market

Some Highlights

  • Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase.
  • And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%.

Homeownership Builds Your Wealth over Time [INFOGRAPHIC]

Homeownership Builds Your Wealth over Time [INFOGRAPHIC] Simplifying The Market

Some Highlights

  • If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.
  • On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term.

Why It Makes Sense To Move Before Spring

Why It Makes Sense To Move Before Spring Simplifying The MarketSpring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.

Think Twice Before Waiting for 3% Mortgage Rates

Think Twice Before Waiting for 3% Mortgage Rates Simplifying The MarketLast year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.

Wondering How Much You Need To Save for a Down Payment?

Wondering How Much You Need To Save for a Down Payment? | Simplifying The MarketIf you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don’t let a common misconception about how much you need to save make the process harder than it could be. Understand 20% Isn’t […]

What Are Your Goals in the Housing Market This Year?

What Are Your Goals in the Housing Market This Year? | Simplifying The MarketIf buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus. In the last year, high inflation had a big impact on the economy, the […]

Applying For a Mortgage? Here’s What You Should Avoid Once You Do.

Applying For a Mortgage? Here’s What You Should Avoid Once You Do. | Simplifying The MarketWhile it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan. Don’t Deposit Large Sums of Cash Lenders […]

Financial Fundamentals for First-Time Homebuyers

Financial Fundamentals for First-Time Homebuyers | Simplifying The MarketAre you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home. Build Your Credit Your credit […]