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Understanding Mortgage Rate Locks

Understanding Mortgage Rate Locks

One thing that can impact the affordability of a home purchase is your mortgage rate. Minor changes to the rate on your mortgage can make the homes you were looking for suddenly unaffordable. Here’s how mortgage rate locks work and why you should consider them when...

Expected Real Estate Trends for 2024

Expected Real Estate Trends for 2024

With home prices and interest rates at historic levels and inventory still tight, many home buyers and sellers are feeling understandably nervous about the current housing market. In November 2023, the median sales price for an existing home was $387,600, and interest...

Understanding the Legal Aspects of Buying a House

Understanding the Legal Aspects of Buying a House

For most people, buying a house is a big deal. In addition to the financial investment, a new home purchase is usually an emotional process, and there are many legal implications. No one wants to make a mistake that could cause delays or, worse, cost money....

Demystifying the First-Time Home Buying Process

Demystifying the First-Time Home Buying Process

If you are preparing to buy your first home, congratulations! However, it is important to note that the market is competitive, and you must be prepared as you transition into this milestone. Demystify your first-time home buying process with this information. The home...

6 Exciting Things About Buying Your First Home

6 Exciting Things About Buying Your First Home

Investing, as a general rule, can be scary- but there are few investments that hold as much importance as buying your first home. This is probably going to be the biggest purchase you’ve ever made- so you want to make the right one. After all, this is where you’ll end...

How to Buy a House in Your 20s

How to Buy a House in Your 20s

You may feel like buying your own home is out of reach. After all, you’re just graduating from college with an entry-level salary trying to manage student loan debt along with other bills. Is it even possible to buy a house in this stage of life? The good news is,...

Top 10 Reasons to Buy a House Instead of Rent

Top 10 Reasons to Buy a House Instead of Rent

The decision to buy a house is a significant milestone in life. There are lots of reasons why buying is better than renting, including: Tax advantages Ability to grow equity A place to call yours A sense of pride/accomplishment Buying and selling a house is a big...

4 Tips for Affording Your First Home

4 Tips for Affording Your First Home

Your home is one of the biggest purchases you will ever make and, as a first-time homebuyer, you will get a lot of advice. Many people will tell you the same thing: “Don’t buy more house than you can afford”. Budgeting for a home can be a challenge but it is possible....

What to Know about Credit Scores and Home Buying

What to Know about Credit Scores and Home Buying

According to experts, if you plan to purchase a new home any time soon, there are some new rules in place that may affect how much you pay for your mortgage. Learn about the changes concerning credit scores and home buying. Let the Lafayette Team with EXP Realty help...