CBDP Happenings

Should We Fear the Surge in Cash-Out Refinances?

Posted by Cassidy Jimerson on April 16, 2021 in  uncategorized
Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in which an old mortgage is replaced for a new one with a larger amount than owed on the previously existing loan, helping borrowers use their home mortgage to get some cash.&... read more

What Credit Score Do You Need for a Mortgage?

Posted by Cassidy Jimerson on April 08, 2021 in  uncategorized
According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge for some, many buyers may be surprised by the options that are still available for borrowers with lower credit scores. The fact that t... read more

How to Make a Winning Offer on a Home

Posted by Cassidy Jimerson on March 29, 2021 in  uncategorized
Today’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Here are five tips for success in this critical stage of the homebuying process. 1. Listen to Your Real Estate Advisor An article from Freddie Mac gives direction on making an offer on a home. Fro... read more

Millennials: Is It Time to Buy a Bigger Home?

Posted by Cassidy Jimerson on March 25, 2021 in  uncategorized
In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in real estate. If you’re like many millennials who are spending much more time at home these days, you may have a growing need for more space or upgraded features, making moving more desirable than ever. For those millennials w... read more

Is It a Good Time to Sell My House?

Posted by Cassidy Jimerson on March 24, 2021 in  uncategorized
Last year, many homeowners thought twice about selling their houses due to the onset of the health crisis. This year, however, homeowners are beginning to regain their confidence when it comes to selling safely. The latest Home Purchase Sentiment Index (HPSI) by Fannie Mae shows that 57% of consumers believe now is a good time to sell. Doug Duncan, Vice President and Chief Economist at Fannie Mae, explains: “Overall, the index’s monthly increase was dri... read more
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