Although the pandemic has affected nearly every industry, the real estate industry has seen a particularly dramatic shift when it comes to mortgage rates. With its widespread economic impact, COVID-19 has not only affected mortgage rates, but also heightened requirements for purchasing a home loan in some markets. In this article, we want […]
Posts in category Blog
How Remote Working Has Affected the H...
In June 2020, a poll was given to over 2,000 potential home buyers looking to make a purchase in the next year. Of those 2,000 participants, 63% of those currently working from home stated their potential purchase was a result of their ability to work remotely. Nearly 40% of that number was expected to […]
Things Mortgage Lenders DON’T W...
When you apply for a mortgage, lenders need to see your bank statements to ensure you can afford the down payment, future loan payments, and closing costs. The chances of getting approved are higher if your bank statements are clear and don’t look questionable. So what is it that lenders deem questionable? Let’s dive in. […]
Best Home Loans for Buying Fixer Uppe...
While fixer-uppers require a bit more work, there’s something so exciting about them. To know you can create something new and customizable to you is both refreshing and rewarding. It gives you an opportunity to bring your visions to life, and create a foundation for the rest of the house’s projects. But fixer-uppers […]
How to Use APR to Compare Your Mortga...
Annual percentage rate, or APR, should always be checked before shopping for a mortgage loan. In fact, APR is a primary indicator of the quality of your mortgage deal. But if you don’t fully understand it, it could make it difficult to use as a comparison tool. So, what exactly is APR and how does […]
What does it mean to lock or float yo...
Today’s housing market is full of steady increases. Home prices and mortgage rates continue to rise year over year. In fact as of late July 2018, the average 30-year fixed-rate mortgage was 4.54%. That’s quite a bit higher than the same period the year before, which averaged around 3.92%. Knowing this information, home buyers […]
Ken Venick
Phone: 443-471-4310
ken@kenvenick.com