by Wells Funding Group | Feb 8, 2022 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers
If you’re looking to buy a home, you may be wondering how your student loan debt could impact those plans. Do you have to wait until you’ve paid off your student loans before you can buy your first home? Or could you qualify for a home loan with that debt? To give you...
by Wells Funding Group | Feb 2, 2022 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers
Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year...
by Wells Funding Group | Jan 31, 2022 | Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Pricing, Rent vs. Buy
If you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should consider. According to the latest report from ATTOM Data, owning a home is more affordable...
by Wells Funding Group | Jan 28, 2022 | First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers
Some Highlights Buying a home and wondering if your inspection is necessary? While some buyers may decide to waive their inspection, it’s risky decision. Your home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan...
by Wells Funding Group | Jan 25, 2022 | Demographics, First Time Home Buyers, For Buyers, Gen Z
Many members of Generation Z (Gen Z) are aging into adulthood and deciding whether to rent or buy a home. If you find yourself in this group, it’s important to understand you’re never too young to start thinking about homeownership. The sooner you start planning, the...
by Wells Funding Group | Jan 24, 2022 | First Time Home Buyers, For Buyers, Move-Up Buyers
You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s...
