by Kevin Graham | Nov 27, 2021 | Quicken Loans
If you’re looking to buy or refinance a home, it’s important to understand some of this mortgage lingo. What is a non-conforming loan, and how does it differ from a conforming mortgage? Would it really be the best choice for Batman?
by Kevin Graham | Sep 17, 2021 | MS Real Estate News, Quicken Loans
As in many areas of life, people often prefer certainty when it comes to their mortgage payment. For this reason, the idea of going with an adjustable-rate mortgage (ARM) is often dismissed out of hand. However, there are certainly reasons to consider it, particularly if you’re refinancing to save money. We’ll discuss the pros and cons of an ARM refinance, but let’s start with the basics.
by Kevin Graham | Aug 6, 2021 | MS Real Estate News, Quicken Loans
While we aren’t beyond the pandemic by any stretch of the imagination yet, the fundamentals have grown stronger. The Federal Reserve tried to impart that message last Wednesday, while still pointing out that they were prepared for any change in course. For the first time, the Fed talked about discussions to slow asset purchases.
by Kevin Graham | Jul 21, 2021 | MS Real Estate News, Quicken Loans
The median price of an existing home according to the National Association of REALTORS® was $350,300 in May. It’s a new record high and 23.6% above where prices were in May 2020. When looking at new home sales, the median sale price was up 18.1% on the year at $374,400.
by Kevin Graham | Jun 18, 2021 | MS Real Estate News, Quicken Loans
Paying for a house with cash has definite perks. Did you know that paying cash rather than getting a mortgage could help you win a bidding war when buying a new home? You may even be able to negotiate a lower price on the home if you’re paying cash.