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Category Archives: Mortgages

Will Mortgage Rates Really Actually Ever Come Down?

access_timeNovember 1, 2022personThierry Roche

If you’ve thought about waiting until mortgage rates come down until your buy a home, you might not be making the best decision. Here’s a reason – if you are correct, and the rates do come down by two percent, the savings you benefit from a lower rate will most likely be devoured by the […]

Thoughts On The Market Turning

access_timeOctober 14, 2022personThierry Roche

This topic makes me think of a record. Remember back in the day, watching records spin while you listened to your favorite music? The housing market, especially when it comes to affordability, almost makes me think of those spinning records. A question many of us are asked as realtors is “when is the market going […]

Indecisive? That Might Be An Expensive Decision

access_timeAugust 22, 2022personThierry Roche

There are so many things going on – every single day – all around each and every one of us. Just think, a global pandemic, supply chain issues, highest inflation in 40 years, the economic effects of a war in Ukraine, it can be overwhelming to think about when the right time is to buy […]

Inflation – You Can Benefit From It, Or Become A Victim

access_timeJune 17, 2022personThierry Roche

We are ALL seeing the effects of inflation, especially during these times. We are currently in the highest inflation period in 40 years, and none of us are immune or exempt from seeing and experiencing the effects. The purchasing power of your money diminishes each day, which in turn means you’re buying less. Many of […]

Giving An Arm (Or A Leg) For A Lower Rate

access_timeJune 10, 2022personThierry Roche

What exactly is an ARM? There isn’t any kind of interest rate known as a LEG, at least not as far as I’m aware, but an ARM is an adjustable-rate mortgage. Especially lately, rising interest rates added to increasing home prices are causing the affordability factor of owning a home to be quite the issue […]

Homeowner: Will You Face Higher Mortgage Payments?

access_timeMay 21, 2022personThierry Roche

If you’re currently a homeowner, you might be feeling quite good that you purchased your home before the market got crazy with higher prices and interest rates. But, there is a possibility that your days of basking in glory are coming to a close. You might be facing higher mortgage payments for next year. Most […]

Let’s Assume A Few Things – We’re Talking About Assumptions

access_timeMarch 5, 2022personThierry Roche

Looking for an alternative to paying higher, current rates? This could benefit buyers with lower closing costs while saving money on the payment. Your alternative could be existing FHA and VA mortgages – they’re assumable at the note rate to owner-occupied buyers who qualify. For the last 20 years, rates have been steadily coming down […]

Is An ARM Right For You?

access_timeFebruary 26, 2022personThierry Roche

We’re not talking about your “arm” – we’re talking about an adjustable-rate-mortgage. See, an adjustable-rate mortgages just simply is not the right choice for many homeowners – especially if they plan to own the home for a long time. As a stat, less than 3% of buyers choose an adjustable-rate mortgage according to NAR’s 2021 […]

Home – Your First Investment

access_timeFebruary 9, 2022personThierry Roche

Without the consideration of income or an investment property – buying a home to live in is a very very powerful way to build wealth or financial net worth. You see, a home is an asset measured by the size of the equity. What’s equity you may ask? You’ve probably heard that word before. Equity is […]

Will Points Make A Difference?

access_timeFebruary 4, 2022personThierry Roche

Let’s talk about mortgage payments. Some common ways to lower your mortgage payment are to make a larger down payment and to improve your credit score. Improving your credit score is especially important when you’re applying for a mortgage. Here’s another way to lower your payment – buy down the interest rate for the life […]

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