Mortgage Pre-Approval: Soft Pull vs Hard Credit Pull?
Photo by Tierra Mallorca on Unsplash At Mortgage Maestro Group, we understand that the home buying or refinancing process can be overwhelming. Many homeowners feel anxious about their credit and qualification status. Let’s simplify—- by helping you understand the difference between soft and hard credit pulls, how it impacts your credit score, and mortgage […]
July 2024 Real Estate and Mortgage Report
Presidential election years affect the national housing market and mortgage rates as people prepare for economic and policy changes. Historically, existing home prices have increased in the last 7 of 8 presidential elections. Insights “One thing that seems to be pretty solid is that home prices are going to continue to go up, and the […]
June 2024 Real Estate and Mortgage Report
The overwhelming majority of prospective homebuyers believe that buying a home, now or in the future, is the best decision for them in the long run. While it’s easy to get pre-occupied with interest rates, they shouldn’t be the only part of your home buying decision-making process. Insights “Astonishingly, greater than 90 percent of the […]
May 2024 Real Estate and Mortgage Report
While home prices are growing, home sizes are decreasing. More than a third of builders say they built smaller homes in 2023, and more than a quarter plan to construct even smaller this year, shares the NAHB. Home size is trending lower and will likely continue to do so as housing affordability remains constrained. Insights […]
April 2024 Real Estate and Mortgage Report
The inventory of homes actively for sale increased in 45 out of 50 of the largest metros compared with last year, and in four large metros, inventory was above pre-pandemic levels. With the anticipation of lower mortgage rates by the end of the year, home buyers could have more options and a bit more affordability. […]
Clearing the Air Around Manufactured Home Financing
Skyrocketing home prices over the last five years have forced more families to consider purchasing manufactured homes. Manufactured homes cost significantly less and, in some cases, represent better value than even a typical starter home. Unfortunately, the homes are notoriously difficult to finance. There are reasons for it. For the purposes of this post, consider […]
March 2024 Real Estate and Mortgage Report
The real estate market continues to exceed expectations. There are more than 1M fewer foreclosures in the last five years, home prices rose in 96 of the top 100 largest metropolitan areas over the last four quarters, and Americans are sitting on tremendous equity. Insights “Policymakers now risk committing another policy error, this time by […]
February 2024 Real Estate and Mortgage Report
There is a narrative we must combat in the real estate market. The latest Fannie Mae report showed 24% of consumers believe their prices are going to depreciate over the last 12 months. We actually had a very strong 2023 and we’re going to finish this year between five and six percent appreciation. Insights […]
Everybody Wins with a Higher Down Payment
Mortgage brokers and lenders alike encourage buyers to come in with higher down payments. Still, we get the fact that coming up with a sizable down payment is one of the most difficult tasks a home buyer has. So why do we suggest saving as big a down payment as possible? Because higher down payments […]
January 2024 Real Estate and Mortgage Report
The real estate market remains strong, bolstered by the recent drop of mortgage rates. Home prices are expected to continue their upward trajectory in 2024, with most markets reaching new price highs. Insights It appears that mortgage rates are now falling again. They will almost certainly not fall to pandemic lows, although we may soon […]
Maximize Your Home Finance Savings
Although low and no down payment mortgages are not nearly as popular as they were in the late 1990s and early 2000s, they can still be found if you know where to look. The other side of that coin is to avoid the temptation of trying to buy a home with little or no down […]
Mortgage Tips for Gen Z Buyers in Colorado
Gen Z is coming into its own. Members of the youngest adult population in America are taking their place in the culture. For many, that means buying a first home and starting a family. But how to go about financing that home? More importantly, what can Gen Zers do to make lining up a mortgage […]
