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 […]
The year 2020 has proven to be an economic rollercoaster. This chaotic and uncertain time has left us hesitant to make big financial decisions, especially when it comes to home buying. Many of us are waiting to invest in a home until 2021 or later — but what if the time to buy is […]
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 […]
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. […]
Deciding to pay off your mortgage early has been a controversial topic for some time. There are definitely risks — but for those who have managed to conquer some of their big financial goals and erase debt, paying off your mortgage ahead of time might make sense. There are a few ways you […]
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 […]
Applying for a mortgage is stressful enough as it is — but what do you do if you lose your job during the process? Especially during the pandemic, this happens more often that it should. Does this mean the window is closed on your mortgage? Don’t panic just yet. There may be some workarounds, […]
In some cases, you may want to pay off your mortgage with a credit card. The question is, it is possible? The answer is, it depends. It’s possible, but it may cost you. So how do you do it, what’s the cost, and is it worth it? In this article, we’ll discuss the pros […]
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 […]
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 […]
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Ken Venick
Phone: 443-471-4310
ken@kenvenick.com