Saving more for a down payment can open up more affordable options for home buyers, especially if interest rates stay above 7%. Down payments have always been important when it comes to home buying. In the current market — where interest rates are high and unpredictable, and home values are mostly stable or rising — […]
Author Archives: Sabrina Mapes
6 Steps for Prioritizing Your Wants and Needs in a Home
Ready to start touring homes? Save yourself time by using our house hunting checklist and document your visits in your Touring Hub on the Zillow app. You may have been pre-approved and know what you can afford, so it’s time to take your home search to the next phase. But the hunt for your home will stall rapidly […]
How Are Mortgage Rates Determined?
When you visit a lender online or in person, you’ll see some advertised mortgage interest rates. But will you qualify for those rates? Why or why not? It’s all about risk. The higher the repayment risk, the higher the interest rate the lender will charge. Lenders will determine your loan interest rate based on several […]
6 Steps for Prioritizing Your Wants and Needs in a Home
You may have been pre-approved and know what you can afford, so it’s time to take your home search to the next phase. But the hunt for your home will stall rapidly if you don’t know exactly what you’re looking for — or perhaps more importantly, what your non-negotiables are. It’s easy to talk in generalities about wanting […]
How Does a 1% Interest Rate Change Affect Your Buying Power?
Even seemingly small changes in mortgage rates, like 1% or 0.5%, can make a big difference in what you pay over the life of your loan. When you’re sizing up a home to buy, it’s tempting to focus only on the price to decide whether it fits your budget. But current mortgage rates are an […]
11 Home Improvement Projects That Don’t Add Value
Some improvements have limited appeal to home buyers, and may even affect your sale price when you go to sell. One of the best things about owning a home is the ability to change things up, whether it’s knocking down a kitchen wall to open up space or filling your backyard with your favorite fruit […]
A Homeowner’s Guide to Going Solar
Wondering if home solar is right for you, but don’t know where to start? This guide can help. Solar power can be an attractive prospect for homeowners and shoppers. Home solar technology offers electricity bill savings, more energy independence, and resilience in the face of an increasing rate of power outages. For the environmentally conscious, […]
This Seasonal Home Maintenance Checklist Is the Key to Taking Care of Your Home
Plus six things to do every month. Tackling a seasonal home maintenance to-do list is not the way most of us want to spend a Saturday. “I can’t wait to flush out the hot water heater today,”‘” said no one, ever. But for most of us, our home is our biggest investment. Maintaining it is a […]
10 Steps to Buying a House
Buying a house can be a complicated, stressful process. Here are 10 steps to help you confidently find your new home. Buying a home can be stressful during the best of times, and it might feel positively overwhelming in a highly competitive market. Although a few of the details may look different right now, the […]
How to Afford a House: 16 Ways to Understand and Unlock Your Home Buying Power
Resources to help make owning a home a reality. If you’re among the millions of people who want to own a home someday, you’ve probably spent a good amount of time online looking at homes — and home prices — and wondering “how do people afford houses in this market?” It’s a reasonable question, especially […]