Finance of America Mortgage LLC

To all the #1 Moms across the world! Happy Mother's Day!

RATES ON A ROLL Mortgage interest rates continue to climb according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS). Rates reached their highest level since March 2017 during the week ending January 25 - the fourth consecutive week that the 30-year fixed rate mortgage has increased. If you are renting, now is the time to consider purchasing a home. If you are a veteran, you may qualify for a 0% down loan. There are also loans with minimum requirements as low as 3.5%. Give us a call today, the pre-approval process is simple and takes about 15-20 minutes.

RATES ON A ROLL Mortgage interest rates continue to climb according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS). Rates reached their highest level since March 2017 during the week ending January 25 - the fourth consecutive week that the 30-year fixed rate mortgage has increased. I would love to help you with the start of your home buying process! Don't hesitate to call or email me with any questions or concerns.

Rent prices jumped 3.1% in 2017. Will prices continue to increase? As a result of housing prices bottoming out in 2012, rent prices have increased drastically. According to Trulia’s rental analysis, the price of rent continues to increase in major metropolitan areas such as Washington, Sacramento, Milwaukee, and Los Angeles and show no sign of slowing down. Since the end of 2012, the total rent has increased by 19.6% overall. With rent prices steadily rising, it may be time for you to consider purchasing your own home! At Skyline, we make the process very simple. Reach out to one of our licensed mortgage experts to help you with the start of your home buying process!

How to choose the perfect neighborhood: When you start shopping for a new home, there are quite a few factors that you should consider. A monthly budget is going to be the first thing on your mind, but first, where are you going to place that new home of yours? Do you remember the old phrase Location, Location, Location? It does matter! What other things should you consider when location shopping? 1. Property Taxes - Make sure to check your particular county for this info...rmation as is could play a big part in your overall cost of living 2. Safety and Crime - No matter how big or small of a family you have, each person’s safety is top priority! You can check sites like http://qoo.ly/kty6b or the Crime Reports 3. Topography and Geography - -Depending on the area that you choose, could change the type of insurance you need to get, where you may place your home, etc. 4. Property Value - The value of your property is always going to be important. Whether the area is projected to grow, what other homes in the area hold for similar to yours, etc. Your agent should provide this information to you 5. School Zones - If you have children or plan to have them soon, knowing which school your child will be attending and how far it is from your home, is an important aspect. We would love an opportunity to help you get pre-approved for the purchase of a new home! Contact me today and let's discuss your options! Source: https://www.houselogic.com//house-h/neighborhood-shopping/

"If you can’t fly then run, if you can’t run then walk, if you can’t walk then crawl, but whatever you do you have to keep moving forward." - Martin Luther King, Jr. Skyline Home Loans will be closed in honor of Martin Luther King day.

From all of us at Skyline Home Loans, we wish you a happy, healthy, prosperous New Year!

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