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Housing Affordability – the Market Looks Good!
Housing Affordability In today’s world of competitive markets, short inventory, and rising purchase prices, things are tough for home buyers (and believe it or not, sellers too!). With steeply rising prices and bidding wars becoming the norm, it seems the market is unaffordable, and many people are having their hopes dashed by competition and…
Read MoreThe Biden First Time Buyer Tax Credit – A Terrible Idea
The Biden Tax Credit – A Terrible Idea Note: This is a non-partisan opinion on a proposal by the current President. It is intended to be a 100% apolitical take on policy based on market analysis and data. The President of the United States has proposed a tax credit for first time homebuyers up…
Read MoreHow Down Payment Assistance Mortgage Programs Help Buyers In Expensive Markets
With home prices on the rise since the market crash of 2010, many markets have put home ownership seemingly out of reach for would be home buyers. While home prices in many markets have risen 5-10% in recent years, income increases have, in general, not kept up. In fact, most incomes have only climbed 2-3%…
Read MoreCan You Use Experian Boost to Get a Mortgage?
Experian Boost – Don’t Do It! You’ve perhaps seen Experian’s latest marketing pitch on TV commercials for their “Boost” product – “Help Raise America’s Credit Scores”, the website hero image reads. And yes, the product can do what it says – boost a user’s credit scores. That’s great news, right!?!? Well, no. All…
Read MoreWhy Home Buyers Need an Experienced Lender
An Experienced Mortgage Lender Can Make a Big Difference Rate is the most important thing in the world when buying a home, right? For many, the answer is yes, but they couldn’t be more off target when it comes to where focus should be on buying a home. Rate IS important, but probably not…
Read MoreRecently Closed – Job Offer Letter Mortgage in Raleigh, NC
Did you know you can get a mortgage loan based on future income from a job offer? Even if you plan on moving before you start your new job, you don’t have to worry about the hassle of short term rentals or temporary living situations – you can BUY a home based on your future income! …
Read MoreForeclosure on a Home After Bankruptcy
Foreclosure on a Home After Bankruptcy Foreclosure and bankruptcy are never fun things to discuss. When it comes to a home, financial problems can turn shelter and a place filled with family memories into a source of stress and anxiety. Although we advise people do everything within their power to avoid foreclosure, there is light…
Read MoreBest Lender for Realtors to Work With
Do we know each other? Do you know about my company, Mason McDuffie Mortgage? You should! No, really. I know, I know – every loan officer wants you to know them and their company and they’ll all tell you they’re the best. Best service, best rates, best bagels, blah blah blah. You’ll see mortgage CEO’s talking about…
Read MoreHow Much is Needed for a Mortgage Down Payment
If you’re thinking about buying a home, one of the first questions you may have is how much money you’ll need for a mortgage down payment. While the answer is almost always “it depends”, one thing is for sure – most people are surprised to find out it takes less money than they think to…
Read MorePorter, TX Mortgage Client Closed and Happy
Porter, TX Mortgage – Happy First Time Home Buyer Clients “John was extremely responsive and helpful throughout this entire process. I am very hands-on and like to know what is going on. He had the patience to explain everything to me and responded in a timely manner with all of my questions and concerns. He…
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