HomeLight

JANUARY 18, 2023

If you’re like most homeowners, you’re eyeing the home equity market with caution – or flat-out worry. The housing market is cooling off quickly, and it could continue to spiral in the coming year. That means you’re probably concerned you’ll lose equity and are wondering how much value you might miss out on in the coming year.

Equity 92

Equity Marketing Loans Principal 92

The Close

DECEMBER 29, 2022

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. It’s kind of like a fixed-rate mortgage and an adjustable-rate mortgage had a baby. Days on market (DOM). Got Clients With Interest Rate Questions?

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

Realty Biz

JUNE 24, 2022

“Although top sales marks are still being achieved, higher rates are starting to restore balance to the market. Look for fewer bidding wars, more days on market, and a cooling of the growth rate of pricing in the months ahead.”. The average commitment rate across all of 2021 was 2.96%.

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

HomeLight

NOVEMBER 29, 2021

To find local market information in each New Jersey county, check out the Fast Stats page on the New Jersey Realtors website. You’ll find up-to-date information on new listings, days on market, median sales prices, housing inventory, and more. YourFirst Mortgage. Veterans Administration loans.

Land 96

Land Closing costs Purchase and sale agreement Loans 96

HomeLight

JANUARY 27, 2021

Mortgage insurance is extremely common for first-time buyers, and it’s often the fastest way to achieve homeownership and start building equity today, rather than waiting until you’ve saved up 20% — an unrealistic feat for many buyers. And with most loans, you can drop mortgage insurance when you reach 20% equity.

Closing costs 114

Closing costs Loans Inspection Earnest money deposit 114