Austin has always held a firm place on the map for its rich history, incredible festivals, and the famous motto "Keep Austin Weird." While the city is constantly expanding and evolving, many aspects have stayed true to its roots. Deep within the historical elements of the city is its striking architecture. These unique styles are sprinkled throughout the city of Austin, bringing forth influences from...
Last year, many prospective homebuyers couldn’t compete in Austin's fast-paced real estate market, so they held off. Many of those homeowners who waited are coming back this year determined to buy a home in 2022. But if you’re one of the few homeowners who is still waiting on purchasing a home, it will cost you more money in the future, and here are the two main reasons why: Why Waiting to...
If buying an Austin home is your goal this year, take these ten steps now to make the homebuying journey easier for you. 1. Check Your Credit Your credit is crucial because it’s the first thing a mortgage lender will check. It will also determine the rate you get for your mortgage. Ensure your credit is accurate by requesting a credit report from Equifax, Experian, and TransUnion. This step...
Mortgage rates are increasing again. They just hit the highest rate since May 2019 at 3.92%. With a rate that high, almost 4 million qualified homeowners could reduce their mortgage rate by 0.75 percentage points. Should homeowners refinance their mortgage right now? We're about to tell you! Why Should Homeowners Refinance? Refinancing a mortgage with a lower rate will save homeowners money since...
Mortgage rates have dropped to historic lows in the past year, causing many to refinance their mortgage. Refinancing your mortgage can help you save money. One report estimated the average savings to be $300 per month after refinancing. But there are some upfront costs you should know about before refinancing your mortgage. The First Cost of Refinancing: Closing Costs Closing costs are 2-5% of the...
We’ve all heard of a mortgage, but what about a reverse mortgage? A reverse mortgage is a type of loan that allows you to cash out your home’s equity while you still live in your home. Instead of paying the lender your monthly mortgage, the lender pays you. You don’t have to pay back the money until you move out, sell the house, or pass away. Here is more information about how it works, and why you...
Becoming a homeowner is a milestone many aspire to reach, and it’s an exciting goal! But it can be hard to decide if you’re ready for the commitment of being a homeowner or should renew your lease for another year. Here are some signs that you’re prepared to buy a home! 1. You Have Money for a Down Payment to Buy a Home This first step is one of the most challenging obstacles homebuyers face...