homebuyers Archives - VB Realty Group

For two months, mortgage rates have remained below 3%.  According to Freddie Mac, it is unlikely they will continue to drop.  Over the last couple of months, mortgage rates have flattened and the economic rebound has slowed down.  This has caused the demand for available property to boom with first time homebuyers choosing to, Read More

Since the coronavirus pandemic struck, homeowners have been converting their garages and spare bedrooms into makeshift home offices.  Because of this home-to-office shift, home constructors have been seeing a higher demand for homes with an extra bedroom (that can thus be used as an office space).  Certain home building companies are launching customizable home, Read More

The Real Estate industry can be intimidating to first-time homebuyers, especially when they begin the preapproval and prequalification process.  Below we’ll refute the most popular credit myths in today’s real estate market. Myth #1: Closing an Old Account Will Help Your Credit  This is a very common misconception about credit impact.  Lenders mainly review, Read More

A foreclosure occurs when a borrower does not maintain their mortgage payments, and the lender who gave the loan reclaims the property and sells in an attempt to regain the money that was lost.  Steps Leading Up to Foreclosure  About 2-3 weeks after you’ve missed your first mortgage payment, a letter from your lender, Read More