Here’s How Much You Need to Make to Afford A $300k Home

How much income do you need to buy a $300,000 house? You might be trying to get a ballpark estimate before seeking a lender pre-approval. Lenders look at a number of different factors when determining loan sizes. Your down payment and income are the two biggest factors. However, credit score and deb

Here’s How Much You Need to Make to Afford A $500k Home

How much income do you need to buy a $500,000 house? The answer might depend on how you plan to finance your home purchase. Your “cash down” will look different based on whether you choose a conventional or FHA loan. Also, the current mortgage rate can affect your income-based borrowing power. That’

Seller Concessions: Definition, Examples, & Loan Types

Seller concessions are a great negotiating point on both the buying and selling side of any home sale. They are exciting for buyers as they mean lower costs, while also helping out sellers who want to close quickly. But, what exactly are seller concessions and how can you make the most of them? We’l

Fed announces 50 bps rate cut, here’s what it means for mortgage rates

The Federal Reserve of the United States announced Wednesday it would be cutting benchmark interest rates from their two decade high of 5.25% to 5.50% in an effort to spur economic growth. The 50 bps cut is the first rate cut from the board responsible for U.S. monetary policy since the COVID-19 pan