Housing Market

The Difference a Low Rate Can Make

The difference a low rate can make -Paramount Equity®

Since the housing market collapsed in 2008, buying an existing home remains less expensive than it was prior to that event. Not only our home prices lower, mortgage interest rates are at record lows. The combination of the two means that buyers can now afford to buy more house for their money.

Towards the end of 2012 banks have started lending money for mortgages again. While it’s true that most banks have tightened requirements for borrowers, if you have a good credit rating and a down payment, the probability of being approved for a mortgage is very good. Even better, many first-time buyers have discovered that due to low interest rates on fixed term mortgages, their monthly mortgage payments are lower than rent. Even with the home mortgage deduction unsettled as to whether or not it will continue, buyers still find renting more expensive than owning. (more…)

Read More »

Is a Seller’s Market on the Horizon?

Four houses with red roofs with graph

Everyone who is watching the housing market has the same question: Is a sellers market on the horizon? The answer is a definite yes.

What is a sellers market? It’s a market condition that essentially means that home sellers can get the price they are asking for on their homes (or sometimes even more than what they are asking).

There have been many market indicators pointing to a rise in home values and an increase in consumer confidence. (more…)

Read More »
Copyright © 2003-2017 Paramount Equity® Blog. All rights reserved.
"Paramount Equity®", "Paramount Equity Mortgage®" and "Savings Made Simple" are trademarks of Paramount Equity Mortgage®, LLC.
   

Paramount Equity Mortgage®, LLC is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License #4170047; Arizona Mortgage Banker License #0922160, NMLS# 30336; regulated by the Colorado Division of Real Estate NMLS# 30336; Connecticut - Connecticut Mortgage Lender License # ML-30336; D.C. - Mortgage Lender License #MLB30336; Florida Mortgage Lender Servicer License # MLD 898; Kansas - Kansas licensed mortgage company License # MC.0025206; Maryland - Mortgage Lender License # 21172; Nevada Mortgage Banker License #3919; Licensed by the N.J department of Banking and Insurance NMLS#30336; Oregon Mortgage Lender License #ML-3256; Texas – Paramount Equity Mortgage®, LLC NMLS #30336; Utah DRE Mortgage Entity License #6967176; Washington Consumer Loan Company License #CL-30336; and Wisconsin – Wisconsin Mortgage Banker License #30336BA; NMLS ID #30336.