December 13, 2019
Four Reasons to Buy a Home Now
Homeownership has long been an essential part of the American dream. But it also is likely to be one of the biggest and most difficult financial decisions a person will make in their life. Here are four important reasons why right now may be the ideal time to buy. In addition, be sure to download and share the piece below.
Reason 1: Homeownership is a key to building wealth
According to the Federal Reserve Bank’s 2016 Survey of Consumer Finances, homeowners are—on average—46 times wealthier than renters.*
Reason 2: Enjoy more financial flexibility in retirement
Whether it’s building equity for later in life or to take out a line of credit for home improvements in the meantime, homeownership can give borrowers financial flexibility.
Reason 3: You do not need a 20% down payment
One of the biggest myths first-time home buyers encounter is that a 20% down payment is required. In reality, by taking advantage of PMI, borrowers can lock in historically low interest rates with a down payment as low as 3%.
Reason 4: There's never been a better time
Interest rates, currently down almost 40% from their post-housing bubble high of 6.48% in 2008, are at historic lows.
*Source: federalreserve.gov. https://www.federalreserve.gov/econres/scfindex.htm
7.9% Year-Over-Year Increase in Median Prices According to the New Radian Home Price Index
In data released in September 2019, the Radian Home Price Index (HPI) showed a 7.9 percent year-over-year increase in median values.
Minority Household Growth is an Opportunity for Mortgage Lenders
Read about the growing segment of minority borrowers and see how lenders can better serve their homeownership needs.
Transformation in the Valuation Industry Webinar
Watch our experts help you ensure you are leveraging effective tools to improve the accuracy of your valuations and manage cost.
Social Distancing Daily Schedule for Loan Officers
Download this infographic of a sample schedule to help LOs get their workday back on track due to social distancing and working from home.
5 Reasons to Refinance for Homeowners
Read five key benefits to share with your borrowers on why refinancing their mortgage can be one of the best financial decisions they make.
Understanding Alternative Valuation Types
There are a variety of valuation products on the market that vary in complexity. Read more about the different valuation options available.
5 Key Takeaways from the 2019 MBA Secondary
Read our key takeaways from the 2019 Mortgage Bankers Association's National Secondary event in New York City.
Top Takeaways from the 2019 Structured Finance Industry Group Conference
Read our key takeaways from the 2019 Structured Finance Industry Group conference in Las Vegas, Nevada.
Top Takeaways from the 2019 MBA Annual Convention
Read the top takeaways from the 2019 MBA Annual Convention delivered by the top mortgage and real estate finance industry leaders.
Top 5 Misconceptions Keeping Millennials from Homeownership
Read how to address the top 5 misconceptions that are keeping Millennials from purchasing their first home.