Factors Influencing Mortgage Rates for St. Louis Borrowers
At last glance, the 30-year fixed mortgage was back above 7%, depending on the data source. If you’re a home buyer in St. Louis or anywhere in the US, you might be wondering why these rates are soaring. Prior to late July and early August, the popular loan product could be had for closer to 6.5%. Or even in the high 5% range, if paying…
Buying And Selling All At Once
The easiest way to transition from an old property to a new one is to buy the new one, move, and sell the old one. However, buying a home that way is not always possible if you need the profits from the sale for your down payment, or if you can’t qualify for a new mortgage as long as you’re paying the old one.
If you find a property (in St. Louis or anywhere in…
How to get out of a real estate contract
If you’re getting cold feet about a property purchase in Missouri, you may want to know how to get out of a real estate contract. There are a few ways:
Contingencies (your contract should give you several opportunities to cancel it, including inspections, your financing falling through, title issues, or you need to sell your current home)
You may…