First Time Home Buyers

South Jersey home affordability interest rates - infographic 1

Why Small Rate Changes Shouldn’t Stop Your South Jersey Home Purchase

Would You Let $80 a Month Hold You Back from Buying a South Jersey Home? Many buyers in across South Jersey are stuck in "wait and see" mode right now. They watch rates hover above 6% and think, "I'll buy once they hit the 5s." After all, who doesn't want a better rate? But here's the reality: that magical 5.99% number might not save you as much as you think. Affordability remains tough in our market. No...

VA home loans South Jersey veterans - infographic 1

The VA Home Loan Advantage for South Jersey Veterans: What You Need to Know

  If you've served in the military (or your spouse has), you have access to a powerful homebuying tool. The ability to buy a home without needing a down payment. Unfortunately, 70% of Veterans don't know about this benefit, according to Veterans United. That's a huge missed opportunity for those who've earned this benefit. Many Veterans in Pitman, Medford, and throughout South Jersey could benefit...

1 in 3 First-Time Buyers Have Student Loan Debt

1 in 3 First-Time Buyers Have Student Loan Debt

Buying a home when you have student loans is possible. Data shows 32% of first-time buyers have student debt. And the typical amount is $30,000. So, if you’ve been holding off on buying your first home because you thought you had to pay off those loans first. Or, because you assumed it just wasn’t possible for you to buy, it’s time to talk to a lender. #Homebuying #FirstTimeHomebuyer...

The $280 Shift in Affordability Every Homebuyer Should Know

The $280 Shift in Affordability Every Homebuyer Should Know

If you paused your plans to move because of high rates or prices, it may finally be time to take a second look at your numbers. Affordability is improving in 39 of the top 50 markets, according to First American. And that’s the 5th straight month where buying a home has started to get a little bit easier. Let’s break this down into real dollars, so you can see...

The Minimum Down Payment Required

The Minimum Down Payment Required

Here’s why the right answer is so important for you to know. A lot people overestimate how much they really need to save for a down payment. The most common answers? 10 or 20%. The truth: you may be able to put down as little as 3%. According to FirstHomeIQ, only 8 out of 100 people actually get this right. Don’t let misinformation hold you back. What did you guess? Drop a comment below. And if...

Why Experts Say Mortgage Rates Should Ease Over the Next Year

Why Experts Say Mortgage Rates Should Ease Over the Next Year

You want mortgage rates to fall – and they've started to. But is it going to last? And how low will they go? Experts say there’s room for rates to come down even more over the next year. And one of the leading indicators to watch is the 10-year treasury yield. Here's why. The Link Between Mortgage Rates and the 10-Year Treasury Yield For over 50 years, the 30-year fixed mortgage...

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