Scott Evans

Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages

If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. And after years of being virtually nonexistent, more people are once again using ARMs when buying a home. Let’s break down why that’s happening and why this isn’t cause for concern. Why ARMs Have …

Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages Read More »

A Strategic Approach to Home Buying in 2023

Anticipating the Market Turn In the face of higher interest rates, a low inventory of existing homes, and the potential of a recession, 2023 presents a unique set of challenges for homebuyers. However, taking a strategic approach to these circumstances can offer distinct advantages for both first-time and move-up buyers. Currently, higher interest rates may …

A Strategic Approach to Home Buying in 2023 Read More »

new mortgage fees

New Mortgage Fees – What Every Homebuyer Should Know

You’ve probably seen a lot of negative press lately about recent controversial changes implemented by Fannie Mae and Freddie Mac (the government-sponsored enterprises that buy and guarantee mortgages from lenders for mortgage borrowers). The take-away is that the changes in mortgage fees will benefit borrowers with lower credit scores and smaller down payments, while potentially …

New Mortgage Fees – What Every Homebuyer Should Know Read More »

Annual Consumer Inflation Continues to Affect Mortgage Rates

Interest rates are hovering in the mid to high 6% range and all eyes are on the trajectory of inflation. The good news is that it continues to move down slowly. In February, the year-over-year reading for the Personal Consumption Expenditures (PCE) dropped from 5.3% to 5%, which is the fourth consecutive month in which …

Annual Consumer Inflation Continues to Affect Mortgage Rates Read More »

$5,000 First Time Homebuyer Grants Now Available!!

The Family Mortgage Team is proud to be able to offer an exciting new loan program that is launching in only six major Metro Areas, including Atlanta, and it is limited to only 12 lenders across the country. It is a Fannie Mae Conventional loan program that gives eligible first-time homebuyers a Grant of $5,250 …

$5,000 First Time Homebuyer Grants Now Available!! Read More »

Mortgage Update – January 2023

As we journey into 2023, I decided to look back at the housing and mortgage predictions from our 2022 January newsletter. These prognosticators were clearly off the mark last year. Much of this was driven by the Federal Reserve’s poor communication. It really wasn’t until the spring that they even admitted that they were behind …

Mortgage Update – January 2023 Read More »

3 tips on selling a home

3 Critical Tips If You Plan On Selling Your Home Soon 

Selling your home over the past two years didn’t require much thought or effort. The minute you listed your home, you would typically have 10-20 offers, many of them above your list price. Things have finally started slowing down. With prices skyrocketing over the past two years and interest rates finally making a move higher, …

3 Critical Tips If You Plan On Selling Your Home Soon  Read More »

Credit Score Improvements & Renovation

New Credit Score Improvements & Home Renovations

Credit Score Improvements The CFPB (Consumer Financial Protection Bureau) shared a concern to the credit industry regarding medical debt and consumers. The director of the CFPB stated that 58% of the debt and collections on people’s credit reports is medical debt. As a result, the credit bureaus have agreed to alter the data reported on …

New Credit Score Improvements & Home Renovations Read More »