4 Reasons You Should Consider A 15-Year Mortgage

When people think about loan programs, many believe that their only option is a 30-year repayment time. But that isn’t the case! If you have a steady job and can afford to do so, there are many benefits to cutting your repayment time in half with a 15-year mortgage. Wondering if a 15-year mortgage is the right option for you? Learn 4 reasons why you should consider this loan option below!

Jul 21, 2017 | Mortgage Tips

Why You Shouldn't Worry About Rising Mortgage Rates

While we saw mortgage rates at near historic lows in 2016, the year ended with rates at their highest levels since 2014. Mortgage rates began rising after the 2016 presidential election, and experts are predicting that they will continue to rise (at a slower pace) in 2017. But don’t panic. In fact, rates are still very low and now is a great time to refinance or purchase before rates rise again.

Feb 20, 2017

4 Tips For Selling Your Home In The Winter

Spring and fall are typically the ideal seasons for selling a home, but there are some circumstances that may require you to put your house on the market during the winter months. While there may be some challenges, it’s important to stay hopeful; people are still looking to buy, and you have less competition on the market. Use our tips below to help sell your home this winter!

Feb 08, 2017 | General, Homeowner Advice

Top Cities to Live in 2017

Moving to a new city can be both an exciting and stressful time. Whether you’re a first time homebuyer or you’re looking to make a change in 2017, you’re going to want to move to an affordable, fun and economically diverse city. Below are our top suggestions of where to live in 2017!

Jan 19, 2017

Housing Trends for 2017

According to the Urban Land Institute’s annual Emerging Trends in Real Estate Report, the United States real estate market is in a better place compared to the rest of the world. If you’re thinking about buying a home in 2017, be sure to familiarize yourself the market trends below.

Jan 13, 2017

6 Facts About VA Loans

While more and more veterans are taking advantage of the benefits VA loans offer, some veterans are not familiar with all of the program’s unique benefits and quirks. Do you think you are eligible to qualify for a VA loan? Learn more about the program below.

Jan 09, 2017

How Millennials are Reshaping the Housing Market

According to the latest housing trends report by Zillow, 50% of today’s homebuyers are 36 years old or younger. In addition, 47% are first-time buyers and 63% of people selling a home are doing so for the first time. With Millennials just beginning to enter the housing market, they are reshaping the market with their new approaches to shopping, financing, and purchasing their first homes.

Nov 28, 2016 | Market News

4 Easy Ways to Pay Your Mortgage Down

Your mortgage is one of the biggest expenses of your life, so it makes sense that many people look to pay it off as quickly as they can afford to. If you are an individual with a good credit score, have been investing in your retirement, and have an emergency savings account, paying off your mortgage earlier than expected may be a good idea. Learn different ways to pay your mortgage down below!

Nov 10, 2016 | Buyer Education

4 Reasons to Refinance Your Mortgage Now

Over time, the initial mortgage program you purchased your home with may no longer be the best option for you and your family. That is why many people choose to refinance, which means to trade in your old loan for a new one with a different interest rate and term. While there are both positives and negatives to refinancing, below are some reasons you may want to consider refinancing your mortgage now.

Nov 08, 2016

4 Easy Ways to Boost Your Home’s Curb Appeal

Whether you’re looking to put your house on the market or boost your home’s value, first impressions matter to potential buyers and houseguests alike. Your front entry, yard, driveway, and sidewalk all serve as a snapshot of what they may see inside of your home. The good news is that there are plenty of easy and inexpensive ways for your home to be the best looking on the block. Try one of our tips below!

Oct 31, 2016

Renters Paying More for Less Space

It is no secret that rent is on the rise. The average national rent is $1,296, and in big cities like NYC, renters are looking at $3,262 per month on average. To put that in perspective, rent was about $977 per month on average in 2011. With rent rising quickly, one might assume that renters are getting more amenities and space… not so fast.

Aug 26, 2016

Summer Househunting Tips

Whether you are looking to finally start building your own equity, or are looking to upgrade from your current home, the summer is a great time to get out and see what is on the market. Take these tips into consideration before you get started on your journey to homeownership this summer.

Aug 09, 2016

Pros and Cons of a Second Mortgage

A second mortgage is simply a loan taken out after a first mortgage. It involves relatively the same application process as the first mortgage. Many people choose to take out a second mortgage when looking to consolidate debts, finance a home improvement project, or to make ends meet during a financial hardship. It is important to weigh the pros and the cons of a second mortgage before deciding what is right for your specific circumstance.

Aug 04, 2016 | Homeowner Advice

Veterans Know Your Mortgage Options

The men and women who sacrifice their lives for this country deserve to fulfill their dream of homeownership. It’s important veterans understand the special financing options and benefits available to them before starting the home buying process. Given the current market and especially low rates, now is a good time for military personnel to invest in a home.

Jul 07, 2016

Roadmap to buying your first home

Buying your first home is a momentous occasion. Such a huge accomplishment does not come easy; it takes saving, time, and planning. The entire process is easier when you are working with a mortgage company you can trust. At Home Point Financial, we want to ensure you have all of the tools you need to successfully buy your first home. Here are the major milestones you will need to cover on your road to homeownership.

May 25, 2016

What to Consider when Buying a Fixer Upper

Some people can only consider moving into a home that is already the home of their dreams. Others are able to imagine the possibilities of a home that others might pass right by. If you are considering buying a fixer upper, it is important to note that it isn’t an easy task. However, if you have the time, patience, and planning skills- you may be able to create the home of your dreams and dramatically increase the value of a home. Here are some things to consider when buying a fixer- upper

Feb 17, 2016

Pre-approval vs Pre-qualification

In the world of mortgage, it may get confusing navigating the many different terms and labels that will be thrown at you throughout the process. At Home Point Financial, it is important to us that our customers know exactly what status they are at in their mortgage process, which is why we are dedicated to educating customers on the important must-know terms in home buying.

Dec 17, 2015 | Buyer Education

Understanding Your Credit Score

A credit score is what lenders utilize to determine and evaluate what risk is associated with lending someone money. A credit score is typically needed before opening up a new line of credit, auto loan, a mortgage, or any other type of loan. Navigating a credit score report may be confusing, so here are the top things you need to know to understand your credit score.

Nov 24, 2015 | First Time Homebuyer, Buyer Education