Vantage Mortgage Brokers’ Response to NAR settlement and support of Buyer’s Agents
Vantage Mortgage Group – Mortgage Blog
by Vantage Mortgage Group
6d ago
In light of the NAR settlement, there is still plenty to work through on how lenders will handle this and the best ways to navigate this as a buyer’s agent. However, we wanted to give you a few resources to get a jump on it, and we will continue to provide information and be a vital resource as it becomes available.  We also attended a Tom Ferry webinar recently, which provided some excellent information on how to help navigate this.  Please review these details and resources and contact us with any questions. We assure you that this will be business as usual in the near future an ..read more
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What Should I Do First: Sell My Home or Buy a New Home?
Vantage Mortgage Group – Mortgage Blog
by Vantage Mortgage Group
3w ago
If you are moving due to a new job, relocating cities, needing a larger or smaller home, or any other reason, it can be tricky to time things just right. Should you keep your current home while you move or will you need to make sure that your home is sold before you commit to a new purchase? The exact timeline can vary baked on your individual situation. Sell, Then Buy You can begin the home search process while still living in your current home. This is what most people do, since finding the right home can take awhile. But if you plan to use the equity in your current home as part of t ..read more
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The Truth About Down Payments
Vantage Mortgage Group – Mortgage Blog
by Vantage Mortgage Group
1M ago
If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment. That might be because you’ve heard you need to save 20% of the home’s price to put down. Well, that isn’t necessarily the case. Unless specified by your loan type or lender, it’s typically not required to put 20% down. That means you could be closer to your homebuying dream than you realize. As The Mortgage Reports says: “Although putting down 20% to avoid mortgage insurance is wise if affordable, it’s a myth ..read more
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What’s Really Happening with Mortgage Rates?
Vantage Mortgage Group – Mortgage Blog
by Vantage Mortgage Group
1M ago
Are you feeling a bit unsure about what’s really happening with mortgage rates? That might be because you’ve heard someone say they’re coming down. But then you read somewhere else that they’re up again. And that may leave you scratching your head and wondering what’s true. The simplest answer is: that what you read or hear will vary based on the time frame they’re looking at. Here’s some information that can help clear up the confusion. Mortgage Rates Are Volatile by Nature Mortgage rates don’t move in a straight line. There are too many factors at play for that to happe ..read more
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Vantage Mortgage Brokers Winter 2024 Newsletter
Vantage Mortgage Group – Mortgage Blog
by Vantage Mortgage Group
1M ago
Happy New Year! As we bid farewell to the old year and welcome the new one, we want to thank all of you for the support you’ve shown us over the last 16 years as past clients, business partners, friends, family, and colleagues. We greatly appreciate your referrals for those you know seeking a mortgage in Oregon, Washington, and Idaho. We rely on this support and work hard to produce unmatched service, experience, and the most competitive rates and terms to continue earning it. As many of you know, the last two years have been the most challenging the mortgage industry has seen.&nb ..read more
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FHFA Announces 2024 Conforming Loan Limits
Vantage Mortgage Group – Mortgage Blog
by Vantage Mortgage Group
1M ago
The Federal Housing Finance Agency (FHFA) just announced the 2024 Conforming Loan Limits for Residential Mortgage Loans acquired by Fannie Mae and Freddie Mac.  As was expected based on the continuing increase in housing prices, the limits increased significantly.  To see the new loan limits by county in Oregon, Washington and Idaho visit our Conforming Loans page HERE The post FHFA Announces 2024 Conforming Loan Limits appeared first on Vantage Mortgage Brokers ..read more
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Vantage Mortgage Brokers Fall 2023 Newsletter
Vantage Mortgage Group – Mortgage Blog
by Vantage Mortgage Group
1M ago
Continued Inflationary Pressure on Mortgage Rates and Housing Mortgage rates have continued to rise and hit a year-to-date peak in recent weeks that we have not seen for over 23 years.  We hope that this peak is now in our rear-view mirror and we’re through the worst of it, but inflation data each month has not shown favorable signs that it is decreasing at a fast enough rate.  As a result of sustained elevated rates, mortgage applications are down across the country and the real estate market is feeling the pressures of the lowest affordable housing on record. Our team at Vantage ..read more
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Are Higher Mortgage Rates Here To Stay?
Vantage Mortgage Group – Mortgage Blog
by Vantage Mortgage Group
1M ago
Mortgage rates have been back on the rise recently and that’s getting a lot of attention from the press. If you’ve been following the headlines, you may have even seen rates recently reached their highest level in over two decades (see graph below):   That can feel like a little bit of a gut punch if you’re thinking about making a move. If you’re wondering whether or not you should delay your plans, here’s what you really need to know.    How Higher Mortgage Rates Impact You   There’s no denying mortgage rates are higher right now than th ..read more
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Your Home Equity Can Offset Affordability Challenges
Vantage Mortgage Group – Mortgage Blog
by Vantage Mortgage Group
1M ago
Are you thinking about selling your house? If so, today’s mortgage rates may be making you wonder if that’s the right decision. Some homeowners are reluctant to sell and take on a higher mortgage rate on their next home. If you’re worried about this too, know that even though rates are high right now, so is home equity. Here’s what you need to know. Bankrate explains exactly what equity is and how it grows: “Home equity is the portion of your home that you’ve paid off and own outright. It’s the difference between what the home is worth and how much is still owe ..read more
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Expert Home Price Forecasts Revised Up for 2023
Vantage Mortgage Group – Mortgage Blog
by Vantage Mortgage Group
1M ago
Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong. While there was a slight home price correction after the sky-high price appreciation during the ‘unicorn’ years, nationally, home prices didn’t come crashing down. If anything, prices were a lot more resilient than many people expected. Let’s take a look at some of the expe ..read more
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