Home Buying

Good reasons to purchase your new home before the New Year

November and December are usually when people are looking to deck their own halls—not buy new ones. But buying a home in November and December can be a smart move.

The holiday season is a 'lull' period in real estate sales, and less buyers shop for homes this time of year. Savvy home buyers should take advantage of this time if they’re serious about buying.

Why?  Here are a few good reasons to purchase your new home before the New Year.

Monthly Mortgage Payments Are Becoming More Affordable

The monthly mortgage payment made by the typical home owner is becoming more affordable, according to information from real estate data firm CoreLogic. The “typical mortgage payment”, or the monthly principal-and-interest payment on the nation’s median-priced home, fell year-over-year again this June after doing so for the first time in nearly three years in May. What's behind this welcome increase in affordability? A combination of falling mortgage interest rates, slowing home price growth, and rising income among buyers.

3 Simple Strategies for a (Nearly) Perfect Credit Score

If you have a credit score of 850, then congratulations! You are one of the just 1.4% of Americans who have climbed to the fabled plateau of the "perfect score". Luckily for the other 98.6% of us, a perfect score isn't really necessary for getting the best interest rates on mortgages. In fact, a score of 760 is typically the lower limit for banks to offer you the best rates. Although 760 can still seem impossible if you have struggled with your credit in the past, a few simple tips can quickly right the ship and get you back on track.