You read it right folks. Interest rates on a 30-year fixed-rate mortgage, according to a Market Watch article published on March 27th, are expected to be at 5% by year’s end. Anyone in the purchase market for a home had … Read More
Did you know 65% of homes in the United States are owner-occupied? While this figure is lower than the global average, it’s higher than most Western European countries. Yet, despite a healthy number of owner-occupied homes, many still struggle with … Read More
In last week’s blog I mentioned, albeit briefly, that the fed will be increasing interest rates. These increases are expected within the next 24 hours. Mortgage companies do their best to offer rates that the company and the market can … Read More
Do you have a home picked out? Do you have a contract yet? If the answer is, “No”, to either one of these questions NOW is the time to lock in, find a home, enter into the contract, and close. … Read More
If you are in the market to buy a home, you might be considering a few different loan options. Have you heard of the FHA Loan Programs? These are an alternative to conventional loans backed by the Federal Housing Administration … Read More
Because there are many mortgage programs available for the average consumer, the choices can be confusing. The loan officer at 7th Level Mortgage will go over the different programs with you. The purpose of this blog is to provide you … Read More
In a previous blog, I announced that 7th Level Mortgage is accepting applications for the FNMA program called Home Ready. The purpose of this blog is to outline the application process in very simple terms and how to qualify for … Read More
For the last two months, I have informed folks that are waiting to decide to refinance their mortgage, combine debt and clear up credit card balances that NOW is the time to refinance. I also know that many people are … Read More
For those of you that are looking to purchase a home with a LOWER (yes LOWER!) down payment then the much-vaunted FHA program, Fannie Mae, beginning January 23, 2022, is offering a low down payment option called Home Ready. 7th … Read More
Buying a house can be one of the most significant purchases that somebody makes in their life. It is a commitment that can last as long as 30 years, so most homeowners have to prepare a long-term plan to pay … Read More