January 1 is coming up fast, and you know what that means: It’s time to set new year’s resolutions! For many people, the turning over of the calendar will involve financial new year’s resolutions.
REACH YOUR GOALS
Using a Buydown as an Interest Rate Hack in Today's Market
Interest rate buydowns are becoming increasingly popular as mortgage interest rates remain above 6%.
Here's how a buydown can make your home purchase affordable during the first years of a mortgage's term, or for the life of the loan.
Seller concessions almost never sound like a very good idea…to the home seller. For the prospective buyer, on the other hand, a little give here and there may be just what they need to close the deal and pay full asking price for your home. One of the most popular seller concessions in any real estate market is an interest rate buydown.
Many would-be homebuyers are feeling the pinch from rising interest rates, but you don’t have to! APM has gotten creative to ensure that you can achieve the lowest interest rate and, therefore, lowest monthly payments possible.
We are proud to offer you not just one interest rate hack, but two! They’re called buydowns, and they’re your key to lower interest rates, a smaller monthly payment amount, and saving money on your new home.
The holidays are all about festivities, food, and family. We’re thankful every day for our extended APM family, which includes our clients.
We hope the holiday season has been full of the 3Fs, with a healthy dose of fun thrown in.
In the spirit of the holidays, APM asked its employees to share their favorite holiday family recipes. These were turned into an APM family cookbook, and we’d love to share a little slice of that with you now.
The holiday season is jam-packed with parties, shopping, cooking, gift-giving and obligations. With all this going on, you might assume that the festive season is the worst time to buy or sell a home.
Move-Up Buyers Moonlight as Landlords
In addition to low inventory, the housing market has encountered a newer challenge: rising mortgage rates, which hit 7% recently. This has caused problems for would-be and move-up homebuyers alike.
Thanksgiving was one of America’s most cherished festivities even before George Washington began celebrating it in 1789. However, it wasn’t always held on the fourth Thursday in November. That happened in 1846, when Sara Josepha Hale campaigned to make Thanksgiving a national holiday that would be held on the last Thursday of November.
Part of APM’s duty to its clients is to make sure they have all the information they need to make an informed choice when it comes to their mortgage loan and their dream home. Today, we’re bringing you the story of Isis Frasier, an amazing woman, wife of a veteran, mom, and foster mom, whose experience as a VA loan borrower will help dispel the myth that VA loans are hard to do, require tons of paperwork, and take too long to close.
But first a little about Isis and her family…
The housing market isn’t what it was a year ago—and that’s not necessarily a bad thing. Yes, interest rates are higher year over year, but in many markets, prices are decreasing or, at the very least, not increasing at the breakneck pace we’ve seen.
Unlike conventional jumbo loans, VA jumbo loans don’t have predetermined loan limits. They are limited only by your qualifications and your entitlement, allowing you to borrow more when purchasing a home.
It's Military Family Appreciation Month, and we wanted to take this opportunity to highlight our very own #APMFamily who have served our great country and now work to help other military families and veterans realize their dreams of homeownership.
The holiday season is quickly approaching, with big meals, family get-togethers, bright decorations, and all that holiday shopping. As a parent, it can often be difficult to get children past their own wish lists at this time of year and focused on holiday gift-giving for others.
What's Going On With the Economy?
Elliot Eisenberg is back with information on where we are, what's coming and why rates are on the move.
Down payments can be one of the most daunting parts of the home buying process. We all know: It costs a lot to buy a home! Thankfully, you don’t necessarily have to drain your savings to come up with the sum. There are other ways to secure a down payment, including gift funds, grants, and down payment assistance programs.
Qualifying for first-time home buyer programs may not be as hard as you think. These programs are specifically designed to help a first-time home buyer like you overcome some of the more common hurdles people face when buying a home. Those hurdles, of course, include saving for a down payment and the closing costs.
A down payment and monthly mortgage payment aren’t the only costs you’re looking at when buying a new home. Some buyers forget that they will also have to pay closing costs.
The dreaded down payment. Whether you’re looking to fund the minimum down payment or put down more than the traditional 20%, this chunk of change can certainly be a challenge when you’re already looking at the purchase price, closing costs, and monthly payments on a new home.
