27 May 2020
By RESCO Realty

Qualify For A Larger Mortgage With A Co-Signer

Real Estate, ,
There are numerous steps involved in the process of buying a new home. It is important to go through the mortgage qualifying process before looking at dream houses. This gives people an idea of how big a house they can afford. Sometimes, individuals looking for a house might not get a loan that is big enough to cover their dream house. There are ways to qualify for a larger loan; however, one of the fastest methods is to use a co-signer. What Is A Co-Signer? A co-signer is someone who signs onto a potential home loan with the homebuyer. Essentially,…
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26 May 2020
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – May 26th, 2020

Financial Reports, ,
Last week’s economic news included readings from the National Association of Home Builders on housing market conditions and reports on housing starts and building permits issued. Fed Chair Jerome Powell testified before Congress about the impact of Covid-19. Weekly reports on mortgage rates and first-time jobless claims were also released. NAHB: Home Builder Confidence Improves in May Home-builder confidence rose seven points in May to an index reading of 37; April’s reading of 30 was the lowest reading for the NAHB Housing Market Index since June 2012. Low mortgage rates and expectations that the worst of the Covid-19 pandemic had…
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22 May 2020
By RESCO Realty

How Will Coronavirus Impact Our Real Estate Economy?

Real Estate, ,
Without a doubt, the COVID-19 (coronavirus) pandemic has impacted every part of the economy. This is a dangerous virus and has left many parts of the country on lockdown orders to prevent it from spreading rapidly. The question many people are asking is how much the real estate is going to be impacted by the virus as well. People Are Not Looking For Houses As Often One of the biggest impacts of coronavirus is that some people simply aren’t out looking for houses. Stay at home orders and social distancing measures have prevented people from touring homes that they may…
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