Blog

Renters: Paying More for Less Space

Posted by Home Point Financial on Aug 26, 2016

It is no secret that rent is on the rise. The average national rent is $1,296, and in big cities like NYC, renters are looking at $3,262 per month on average. To put that in perspective, rent was about $977 per month on average in 2011. With rent rising quickly, one might assume that renters are getting more amenities and space… not so fast....

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Brexit's Impact on U.S. Housing Market

Posted by Home Point Financial on Aug 24, 2016

On June 23rd, 2016, Great Britain voted to exit the European Union. This exit left many to wonder what’s next in both Great Britain and abroad. The formal “Brexit” won’t be final for years, however governments and investors everywhere are beginning to prepare. Here is what you should know about Brexit’s impact on the U.S. housing market....

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Why Rent is Becoming Unaffordable in Most US Cities

Posted by Home Point Financial on Aug 11, 2016

A study released from the State of the Nation's Housing Report from the Joint Center for Housing Studies of Harvard University found that a whopping 11 million Americans are spending more than half of their income on rent....

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Summer Househunting Tips

Posted by Home Point Financial on Aug 9, 2016

Whether you are looking to finally start building your own equity, or are looking to upgrade from your current home, the summer is a great time to get out and see what is on the market. Take these tips into consideration before you get started on your journey to homeownership this summer....

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Pros and Cons of a Second Mortgage

Posted by Home Point Financial on Aug 4, 2016

A second mortgage is simply a loan taken out after a first mortgage. It involves relatively the same application process as the first mortgage. Many people choose to take out a second mortgage when looking to consolidate debts, finance a home improvement project, or to make ends meet during a financial hardship. It is important to weigh the pros and the cons of a second mortgage before deciding what is right for your specific circumstance....

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Do's and Don'ts to Pre-Closing Actions

Posted by Home Point Financial on Aug 2, 2016

After getting pre-approved and settling on a home you are in love with, things start to speed up pretty fast. Once you and the seller have agreed on the terms of a contract, there are several pre-closing actions that need to be tended to....

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Veterans: Know Your Mortgage Options

Posted by Home Point Financial on Jul 7, 2016

The men and women who sacrifice their lives for this country deserve to fulfill their dream of homeownership. It’s important veterans understand the special financing options and benefits available to them before starting the home buying process....

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Summer Home Improvement Projects

Posted by Home Point Financial on Jul 1, 2016

As the weather gets warmer, more of us get inspired to start catching up on home improvement projects we ignored during the winter. This is the perfect time to get some of those weather-permitting projects complete. Here are some of the popular summer home renovations we recommend embarking on this summer....

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Home Prices Climb 5.7% in 1st Quarter

Posted by Home Point Financial on Jun 30, 2016

Compared to the first quarter of last year, home prices in the United States have risen 5.7%. This marks the 19th consecutive gain. You may be wondering, what is causing the rise of home prices?...

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What is Included in a Mortgage Payment?

Posted by Home Point Financial on Jun 29, 2016

Image via Youtube Whether you are preparing to buy your first home or have been paying your mortgage for...

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Home Sales (and Demand) are on the Rise this Spring

Posted by Home Point Financial on May 26, 2016

In March, we saw a 5.1% jump in total home sales. That is up from last year at this time, and speaks to the growing demand for homes. This figure was bolstered by big gains primarily in the Northeast and Midwest regions of the United States....

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Roadmap to Buying Your First Home

Posted by Home Point Financial on May 25, 2016

Buying your first home is a momentous occasion. Such a huge accomplishment does not come easy; it takes...

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3 Answers to Your Questions About Rate Locks

Posted by Home Point Financial on May 24, 2016

Securing a rate lock is a smart decision when buying a home. When deciding if you want to get a rate lock, you will probably run across a few questions. At Home Point Financial, we want you to be confident in your decision to secure a rate lock....

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Home Design Tips for the Non-Designer

Posted by Home Point Financial on Apr 28, 2016

You don't have to be an interior designer to have an incredible looking home. We love these easy interior design tips that will take your home from drab to fab in no time at all!...

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First Time Homebuyers: What Can You Afford?

Posted by Home Point Financial on Apr 25, 2016

When first time homebuyers come into our office, one of the most common questions they have is regarding what price tag they can afford on a home. This is a critical question that will need to be answered to help buyers develop a budget, look for a home, and determine how much money they will need to borrow....

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