June is National Homeownership Month, making it the perfect time to understand the full path to homeownership. If you are planning to buy a home, especially for the first time, knowing what to expect during the mortgage process can take away much of the stress. This guide walks you through each step and highlights how working with the right mortgage professional keeps everything on track. Step One: Pre-ApprovalThe first and most important step in your mortgage journey is pre-approval. This is … [Read more...]
How HomeReady and Home Possible Mortgages Open Doors During National Homeownership Month
June is National Homeownership Month, a time to spotlight the programs that make owning a home more accessible to more people. While many potential buyers believe they need perfect credit or a large down payment, programs like HomeReady® and Home Possible® prove otherwise. As a mortgage originator, I see firsthand how these affordable loan options can turn homeownership from a dream into a reality. Understanding HomeReady and Home PossibleHomeReady® is offered by Fannie Mae and is … [Read more...]
How Homeownership Builds Generational Wealth – A Message for National Homeownership Month
June is National Homeownership Month, a time to celebrate the lasting impact that owning a home can have on individuals and families. One of the most powerful benefits of homeownership is the ability to build equity. As you make mortgage payments, you are gradually increasing your ownership stake in the property. This equity becomes a form of forced savings and can be used in the future for things like education, home improvements, or retirement. Unlike rent, which builds no future value, … [Read more...]
Renting vs. Owning the National Homeownership Month Edition
June is National Homeownership Month and there is no better time to look at the long-term financial benefits of owning a home compared to renting. As a mortgage professional, I often speak with clients who are unsure whether to keep renting or make the leap into homeownership. The decision can feel overwhelming, but when you break down the numbers and look at the bigger picture, the advantages of buying a home are clear. Monthly Payments Are an Investment Not an ExpenseWhen you rent, your … [Read more...]
