The past several years of housing boom, spurred on by the lowest mortgage rates in history and record-setting home demand, have likely seen their end. As U.S. inflation reached uncomfortable levels of inflation by early-2022, potential buyers started pull
Jan 03, 2023 | Purchasing a Home
With today’s rising interest rates and high home prices, buying a home takes some planning and forethought. Mistakes can be costly, like getting a mortgage higher than you can afford or getting stuck in a neighborhood or house you actually don’t like. Her
Dec 27, 2022 | Purchasing a Home
With Christmas fast-approaching, all of us at Intercap Lending would like to wish you a Merry Christmas! We hope that this week you'll be surrounded by family, friends and loved ones while enjoying time together and making great memories. It’s been fanta
Dec 22, 2022 |
Since buying a home is one of the biggest financial investments most people ever make, if you're are not careful, you can get in over your head. This can result in a status of being “house poor,” or spending way more on housing costs than you can afford.
Dec 20, 2022 | Refinancing a Home
According to a recent report from Redfin, as of October 2022, in order to afford a “typical home” with the median monthly mortgage payment of $2,682, a buyer would need to earn at least $107,281 to be able to afford the loan. While prices may have slowed
Dec 13, 2022 | Purchasing a Home
If you’re ready to buy a home, before you even start going to see properties, it is a good idea to obtain a preapproval letter from your mortgage lender. Especially in a competitive housing market, sellers will take you more seriously if they see you alre
Dec 06, 2022 | Purchasing a Home