Consumer Prices Are Rising – Mortgage Rates Likely to Follow!
January’s inflation data came in hotter than expected, pushing the 10-year Treasury yield up by 0.097 percentage points to 4.633%—the biggest one-day jump since mid-December, according to Dow Jones Market Data. Since mortgage rates closely follow Treasury yields, this spike suggests that borrowing costs are about to rise even further.
The Closing Process: What Happens and How to Prepare
The closing process is the final step in your home-buying journey, where ownership of the property is officially transferred to you. While it’s an exciting milestone, it can also be overwhelming if you’re unprepared.
Understanding Down Payments in Home Buying
A down payment is the upfront amount you pay toward the purchase price of your home, and it plays a key role in determining your mortgage terms.
The Mortgage Application Process: Documents You’ll Need and What to Expect
Buying a home is an exciting journey, but securing a mortgage can feel overwhelming, especially if you’re unsure about the required paperwork and the process itself. Understanding the mortgage application process can help you prepare effectively and avoid delays.
How Much Can You Afford? Understanding Your Budget and Mortgage Calculator
Determining an affordable mortgage payment can be tricky, but with the right tools and a bit of planning, you can confidently navigate the numbers.
First-Time Homebuyers: Essential Tips for Success
Venturing into the world of homeownership for the first time can be both thrilling and overwhelming. For first-time homebuyers in Minnesota, the journey is filled with excitement, planning, and an array of decisions.
What Every Buyer Should Know
When it comes to buying a home, misinformation can lead to costly mistakes or missed opportunities. At Loans by Singh, we believe in empowering our clients with accurate information to make informed decisions. Here are some common myths about home loans and the truths behind them. Myth 1: You Need a 20% Down Payment Truth: […]
