by Wells Funding Group | Sep 16, 2022 | First Time Home Buyer, For Buyers, Infographics, Move-Up Buyers
Some Highlights Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your...
by Wells Funding Group | Sep 15, 2022 | First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers
If you’re thinking about buying a home today, there’s welcome news. Even though it’s still a sellers’ market, it’s a more moderate sellers’ market than last year. And the days of feeling like you may need to waive contingencies or pay drastically over asking price to...
by Wells Funding Group | Sep 13, 2022 | First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers
It’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR): “Compared to one year ago, the monthly mortgage payment rose...
by Wells Funding Group | Sep 6, 2022 | First Time Home Buyer, For Buyers
Owning a home is a major financial milestone and an achievement to take pride in. One major reason: the equity you build as a homeowner gives your net worth a big boost. And with high inflation right now, the link between owning your home and building your wealth is...
by Wells Funding Group | Sep 1, 2022 | First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers, New Construction
According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country. If you’ve had trouble finding a home to buy over the past year, it may be time to work with your trusted agent to consider a new build and...
by Wells Funding Group | Aug 31, 2022 | First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it...
