Category: Mortgage


Consumer Thoughts on Home Buying

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Some of life’s questions are impossible to answer: When is the right time to get married? To become a parent? To change careers? To buy a house?  Buying a house, though scary, doesn’t have to be one of those challenging life questions. Basically, the right time is now. And now. Annnnnnnnd…now.  I know what you’re [...]

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Do You Need to Know More about Forbearance and Mortgage Relief Options?

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Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. To assist in this challenging time, two protection plans were put into place to help support those in need. First, there was a pause [...]

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Interest Rates to Remain Low Until 2023

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If you’ve been paying attention, interest rates have been historically low this year. In a statement to the press mid-month, Federal Reserve Chair Jerome Powell announced that the Fed would most likely not raise interest rates until at least 2023. This decision was made to help the economy recover as we continue working through the [...]

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Is the Economic Recovery Beating All Projections?

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Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to stabilize, but it is evident that the [...]

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Pre-qualification, pre-approval, fully underwritten pre-approval: What are the differences?

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Pre-qualification, pre-approval, fully underwritten pre-approval: What are the differences? Are all of them necessary or just some? While aspects of pre-qualifications and pre-approvals are similar, there are some key differences. Pre-Qualification This is just an estimate to get an idea of what mortgage you can probably afford. A mortgage pre-qualification is generally quick to get, [...]

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Can I Sell My Home After Two Years?

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Are you wondering if you can sell your home after only two years? The answer is: Absolutely! Many homeowners are able to sell their home and walk away with a profit in two short years. We’ve seen about a 11% increase in home values in the last two years in Rochester. What that means is [...]

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