Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers

In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many Americans have rushed to take advantage of this unprecedented opportunity, others question the hype. Are today’s rates truly a bargain? While average mortgage rates have drifted between 4% and 5% in recent years, they haven’t always… Read More Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers

August 6, 2020 meredithcatrettrealtorLeave a comment

What You Need to Know About Private Mortgage Insurance (PMI)

Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI). What… Read More What You Need to Know About Private Mortgage Insurance (PMI)

June 20, 2019 meredithcatrettrealtorLeave a comment

The Home Buyer’s Guide to Getting Mortgage Ready

Don’t wait until you’re ready to move to start preparing financially to buy a home. If you’re like the vast majority of home buyers, you will choose to finance your purchase with a mortgage loan. By preparing in advance, you can avoid the common delays and roadblocks many buyers face when applying for a mortgage.… Read More The Home Buyer’s Guide to Getting Mortgage Ready

March 21, 2018 meredithcatrettrealtorLeave a comment

Refinancing: The Right Move?

The federal reserve recently raised interest rates, and if you have an Adjustable Rate Mortgage (ARM), it may be a good time to consider refinancing your home. There’s no one-size-fits-all answer to whether your should refinance, so here are a few of the main considerations. How long does your introductory rate last? Most ARMs have… Read More Refinancing: The Right Move?

March 4, 2016February 19, 2016 meredithcatrettrealtorLeave a comment

The Pre-Qualification & Pre-Approval Processes

Now that you know you want to buy a house, how do you know how much you can afford and if you can qualify for a loan? The way to get started is to go through the pre-qualification and pre-approval process with a lending specialist. Pre-Qualification versus Pre-Approval Pre-Qualification is how much money a bank… Read More The Pre-Qualification & Pre-Approval Processes

July 31, 2015July 10, 2015 meredithcatrettrealtorLeave a comment

5 BUYING TIPS WHEN PURCHASING A HOME

Here is the second installment of our guide to home buying, and it’s another list. These 5 buying tips will save you time, money, and headaches. Get Pre-Qualified – before you can seriously consider purchasing a home, it’s important to know exactly how much you can afford. This can be the scariest part of the… Read More 5 BUYING TIPS WHEN PURCHASING A HOME

July 10, 2015July 2, 2015 meredithcatrettrealtor1 Comment

Tips for Getting a Mortgage on Your Second Property

Are you considering buying a property as a second home or investment? Perhaps you are looking for a small cottage or apartment where you can escape for vacation, or maybe you want to have another home closer to family. Maybe you want to rent out your second property and make a steady income from your… Read More Tips for Getting a Mortgage on Your Second Property

October 9, 2013September 25, 2013 meredithcatrettrealtorLeave a comment