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

by Wells Funding Group | Dec 28, 2022 | Buying Myths, First Time Home Buyer, For Buyers

While 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....

Financial Fundamentals for First-Time Homebuyers

by Wells Funding Group | Dec 26, 2022 | Buying Myths, Down Payments, First Time Home Buyer, For Buyers

Are 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...

What Makes a House a Home?

by Wells Funding Group | Dec 22, 2022 | First Time Home Buyer, For Buyers, Move-Up Buyers

There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too. Home...

Mortgage Rates Are Dropping. What Does That Mean for You?

by Wells Funding Group | Dec 19, 2022 | Buying Myths, First Time Home Buyer, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist...

You May Have More Negotiation Power When You Buy a Home Today

by Wells Funding Group | Dec 14, 2022 | Buying Myths, First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers

Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors...

Homeownership Is an Investment in Your Future

by Wells Funding Group | Dec 8, 2022 | Buying Myths, First Time Home Buyer, For Buyers, Move-Up Buyers, Rent vs. Buy

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association...