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Category: Home Buying

    What Is a Promissory Note? What You’re Really Promising, Revealed

    By Julie Ryan Evans | November 15, 2022

    What is a promissory note? It's an important but often misunderstood part of getting a mortgage to buy a home. The post What Is a Promissory Note? What You’re Really Promising, Revealed appeared first on Real Estate News & Insights | realtor.com®. Read More

    What’s the First Step in Buying a Home? Your Answer Here

    By Jeanne Sager | November 11, 2022

    What is the first step in buying a home? Long before you peruse listings or check out open houses, you should talk to a lender about getting a mortgage. The post What’s the First Step in Buying a Home? Your Answer Here appeared first on Real Estate News & Insights | realtor.com®. Read More

    Must-Know Facts for the Self-Employed Homebuyer

    By Lisa Marie Conklin | November 9, 2022

    Here's the breakdown of everything you need to know about applying for a home loan when you're self-employed. The post Must-Know Facts for the Self-Employed Homebuyer appeared first on Real Estate News & Insights | realtor.com®. Read More

    Home Prices Would Need To Fall This Much for Buyers To Get a Break

    By Clare Trapasso | November 7, 2022

    Homebuyers are caught in a paradox. Even as home prices have begun to dip, the cost of purchasing a home has risen. The post Home Prices Would Need To Fall This Much for Buyers To Get a Break appeared first on Real Estate News & Insights | realtor.com®. Read More

    Homebuyers Are About To Suffer Another Devastating Blow: Interest Rates Climb Again

    By Clare Trapasso | November 2, 2022

    Rising mortgage interest rates have hit homebuyers like a sucker punch—and they're poised to deliver another bruising blow. The post Homebuyers Are About To Suffer Another Devastating Blow: Interest Rates Climb Again appeared first on Real Estate News & Insights | realtor.com®. Read More

    How Long Does Mortgage Pre-Approval Last?

    By Margaret Heidenry | October 31, 2022

    Since lenders realize that buying a house does take time, pre-approval has a shelf life, but not an indefinite one. In general pre-approval is good for about three months. The post How Long Does Mortgage Pre-Approval Last? appeared first on Real Estate News & Insights | realtor.com®. Read More

    What Are Comps? A Way to Pin the Right Price on a Home

    By Julie Ryan Evans | October 31, 2022

    What are comps? Short for "comparables," they help you figure out what a home is worth based on the selling prices of similar properties in the area. The post What Are Comps? A Way to Pin the Right Price on a Home appeared first on Real Estate News & Insights | realtor.com®. Read More

    What Are Comps? A Way to Pin the Right Price on a Home

    By Julie Ryan Evans | October 31, 2022

    What are comps? Short for "comparables," they help you figure out what a home is worth based on the selling prices of similar properties in the area. The post What Are Comps? A Way to Pin the Right Price on a Home appeared first on Real Estate News & Insights | realtor.com®. Read More

    Mortgage Rates Just Hit a 20-Year High—and That’s Not the Scariest Part

    By Judy Dutton | October 27, 2022

    The housing market is in a scary place these days, but if the COVID-19 pandemic has taught us anything, it's that things can change quickly. The post Mortgage Rates Just Hit a 20-Year High—and That’s Not the Scariest Part appeared first on Real Estate News & Insights | realtor.com®. Read More

    Yikes! Every Time Mortgage Rates Rise, Buyers Need To Make This Much More To Afford a Home

    By Evan Wyloge | October 17, 2022

    Only 1 in 4 households can afford the median-priced home at current mortgage rates. Here's how many more get locked out with every rate hike. The post Yikes! Every Time Mortgage Rates Rise, Buyers Need To Make This Much More To Afford a Home appeared first on Real Estate News & Insights | realtor.com®. Read More

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