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What To Know About Owning vs Renting
Is Renting “Burning” Money? How the Average American Spends $330,000 on Rent Before Buying a Home For many Americans, renting is often seen as a temporary solution—a stepping stone until homeownership becomes a reality. However, the numbers reveal a surprising truth: the average American spends around $330,000 on rent before ever buying their first home.…
Read MoreThe Fed, Lower Mortgage Rates, and Homebuyers Walk into a Bar…
The financial landscape is shifting, especially with Federal Reserve Chairman Jerome Powell’s recent announcement at the Jackson Hole Symposium. Powell highlighted the cooling inflation and increasing unemployment risks as key reasons why “the time has come” for interest rate cuts. The Federal Reserve is likely to lower rates in its September 18th meeting, possibly by…
Read MoreWhat Happens If Mortgage Rates Drop in September? Let’s Break It Down!
All right, folks, let’s discuss what could happen in the real estate market if mortgage rates take a nosedive this September. We are your friendly neighborhood mortgage lender in San Antonio, and I’m here to explain it to you! Buyer Frenzy: It’s About to Get Crazy Up in Here! Imagine this: Mortgage rates drop, and…
Read MoreHow to Boost Your Credit Score: Advice for First-Time Homebuyers
As a first-time homebuyer, boosting your credit score is one of the most important steps you can take to secure a favorable mortgage rate. Here’s a comprehensive guide to help you improve your credit score and get closer to owning your dream home. Understanding Your Credit Score Your credit score is a three-digit number that…
Read MoreUnlocking Homeownership: A Guide to Down Payment Assistance
Homeownership is a dream for many, but the down payment can often be a significant hurdle. Fortunately, down payment assistance programs can help bridge this gap. In this blog post, we’ll explore how down payment assistance works, its benefits, the various types of programs available, and how to navigate these options to achieve your…
Read MoreHonoring Our Heroes: Memorial Day Weekend and the Benefits of VA Loans
As we gather this Memorial Day weekend, we at New Horizon Mortgage want to extend our deepest gratitude to the brave men and women who have served our country. Your sacrifice and dedication are the bedrock of our freedom, and we are eternally thankful for your service. In honor of our veterans, we’d like to…
Read More10 Terrible Homebuyer Habits to Ditch for a Successful Spring House Hunt in 2024
Spring is traditionally a bustling season for homebuyers, and 2024 is no exception. As you embark on your journey to find your dream home in San Antonio, it’s crucial to shed any bad habits that could derail your efforts. To help you navigate the competitive market and increase your chances of success, here are ten…
Read MoreWhy You Need a Realtor When Buying or Selling a Home
As a mortgage lender in San Antonio, we understand the importance of having a knowledgeable and experienced realtor by your side when navigating the real estate market. Whether you’re buying your dream home or selling your current property, a realtor can make all the difference in ensuring a smooth and successful transaction. Here are some…
Read MoreNavigating Mortgage Rate Trends in 2024: Insights and Recommendations
In the ever-evolving landscape of real estate, understanding the trajectory of mortgage rates is paramount for prospective homebuyers and homeowners alike. As we delve into 2024, various industry forecasts shed light on the anticipated direction of mortgage rates. Let’s explore these insights and provide practical recommendations to empower you in your homeownership journey. Forecasted Mortgage…
Read MoreUnlocking Wealth: Why Buying a Home is a Terrible, Awful, Crazy, Outrageous, Investment
At New Horizon Mortgage, we believe that buying a home isn’t just about finding a place to live – it’s also about building wealth and securing your financial future. While there are valid concerns and considerations associated with homeownership, it’s essential to highlight the numerous benefits that make buying a home a smart investment decision.…
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