31 Aug 2023
By RESCO Realty

What Are The Pros And Cons Of ‘No-Deposit’ Mortgage Deals For First-Time Buyers?

Real Estate, ,
"No-deposit" mortgage deals for first-time buyers refer to mortgage options that allow buyers to purchase a home without having to put down a deposit or a down payment. Here are the pros and cons of such deals: Pros: Lower upfront costs: The most significant advantage of a no-deposit mortgage is that it eliminates the need for a substantial upfront deposit. This can be beneficial for first-time buyers who may struggle to save a large sum of money for a deposit. It allows them to enter the property market sooner. Increased affordability: With a no-deposit mortgage, first-time buyers can purchase a…
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01 May 2023
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – May 1, 2023

Financial Reports, ,
Last week’s economic reporting included readings on home prices, sales of new homes, and pending home sales. Monthly and year-over-year readings for inflation were published along with weekly reports on mortgage rates and jobless claims. February S&P Case-Shiller Housing Market Indices show slower home price growth National home prices continued to rise in February, but at a slower pace according to S&P Case-Shiller home price indices. Month-to-month home prices rose by  0.40 percent in February and matched analysts’ expectations, but were lower than January’s reading of  2.50 percent home price growth. S&P Case-Shiller’s 20-city home price index, which is frequently…
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10 Mar 2023
By RESCO Realty

The Top Benefits Of A Single Close Construction Loan

Real Estate, ,
If you are thinking about building your own home, you might be wondering how construction loans work. There are plenty of options available, but one of the most popular choices is a single-close construction loan. This type of loan allows you to close on not only the construction expenses but also your financing costs at the same time. Essentially, a single-close construction loan will convert into your mortgage after the construction on your home is finished. What are some of the top benefits of this type of loan? Save Time One of the first benefits of a single-close construction loan…
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