22 Feb 2021
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – February 22, 2021

Financial Reports, ,
Last week’s economic reporting included readings from the National Association of Home Builders Housing Market Index, Commerce Department readings on housing starts and building permits issued along with data on sales of previously-owned homes. Weekly readings on mortgage rates and jobless claims were also released. NAHB: Home Builders Index Rises One Point in February Homebuilder confidence rose by one index point to 84 according to the National Association of Home Builders Housing Market Index. Readings over 50 in the Housing Market Index indicate that most homebuilders are confident about U.S. housing market conditions. Component readings for the housing market index…
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19 Feb 2021
By RESCO Realty

Do You Need Mortgage Insurance Even If It’s Not Required By Your Lender? Let’s Take A Look

Home Buyer Tips, ,
Finding a proper mortgage loan and understanding the processing procedures behind the loan is the basis of good research. The down payment on a mortgage loan is typically significant when dealing with mortgage insurance. Most loan applications with less than 20% down payment are required to include mortgage insurance with the loan. However, mortgage insurance may still be required even if it's not typically required by your lender. Underwriting Requirements Most home mortgage applications undergo a strict set of standards for approval. These standards are known as underwriting and make up the bulk of time spent on a mortgage application.…
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18 Feb 2021
By RESCO Realty

Making The Offer: 4 Ways To Craft An Offer That Will Catch The Seller’s Attention

Home Buyer Tips, ,
It can take a time and effort to find the perfect home to purchase. After you have found that home, you need to convince the seller that your offer is the one they want to choose. There may be multiple offers made at the same time, and you may be in a situation where you are competing for the home. Even if your offer is the only one the seller receives, there is no requirement that they must accept the offer you make. Crafting an effective offer that will catch the seller's attention is important, and you may be able…
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