The current state of mortgage rates and why now is a good time to buy a house The world of real estate and mortgage rates can feel like a rollercoaster ride—constantly shifting and evolving with the economy, inflation, and other factors. As we step into 2025, many Delaware buyers may be wondering, "Is now the right …
Empowering single women on the path to homeownership
Homeownership on the rise for single women Single women are making waves in the housing market, emerging as a key demographic in real estate. According to the National Association of REALTORS® (NAR), single women accounted for 19% of all homebuyers in 2023, significantly outpacing single men, who made up just 10%. …
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Understanding bridge loans: a powerful financial tool for quick funding
Comprehensive guide to bridge loans In today’s fast-paced world, access to quick and flexible financing can make all the difference. One such financial solution that offers short-term relief is a bridge loan. Bridge loans are designed to “bridge” the gap between immediate funding needs and a longer-term financing …
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Jumbo loans explained
How jumbo loans work For most people looking to buy a house, a conventional loan or a government-backed mortgage, such as FHA or VA, is common in Delaware. But for those who are buying a property that extends beyond the loan limits with these programs, it requires what is known as a "jumbo loan." What is jumbo …
How to refinance: 6 best options
Understanding the different types of mortgage refinance Refinancing your mortgage can be a powerful financial tool, allowing you to adjust your loan terms, lower your interest rate, or even access cash for other needs. But with various refinancing options available in Delaware, it’s important to understand which type …
Chenoa Fund down payment assistance
How does the Chenoa Fund work? The Chenoa Fund provides second mortgages to be used with FHA loans to cover the minimum down payment requirement when purchasing an FHA-insured home. In effect, pairing the DPA with an FHA loan requires no money from the borrower, and the entire cost of the house is financed. The …
