The Hall Way Blog

The Hall Way Blog2020-09-18T14:53:04-04:00
109, 2020

Mortgage Market Update

Purchase Applications have risen to just over 0.4% in comparison to just a couple of weeks ago! According to the Mortgage Bankers Association, purchase applications are steadily increasing since the summer of 2019. With the Spring home buying market stunted by the global pandemic, we have seen a pickup in the Summer months of consumers either wanting to purchase a new home or refinancing to upgrade their current home. Mortgage rates’ record low standing has helped the purchase market and the refinance market! We are also seeing an increase in refinance applications, a positive trend to make the

2508, 2020

Get Your Home Back To School Ready

Get Your Home Back To School Ready It’s that time of the year again! School is almost in session. Even though school may look a little different this year, preparing your home will set you and your kids up for a successful school year! Here are a few tips to help you get back into the swing of things: Invest in a family communication calendar – this helps everyone know what is going on. It can be as simple as getting a blank dry erase board that you hang in the kitchen or office area. Staying aware of

1408, 2020

3 Things Lenders Don’t Want to See on Your Bank Statements

3 Things Lenders Don’t Want to See on Your Bank Statements 1. Non-Sufficient Fund (NSF) charges When you bounce a check or try to buy something without enough money in your account, it will show up on your bank statement as non-sufficient funds (NSF) or overdraft charges. These are a red flag to lenders, automatically they have the impression that you are not responsible with your finances.   2. Large Deposits If lenders see large, undocumented deposits, they instinctively become suspicious of your credibility. It gives the lender the impression that your down payment or reserves may be

3107, 2020

8 Perks of Owning Versus Renting a Home

8 Perks of Owning Versus Renting a Home Whether you’re moving for a new job or looking for more space, a common obstacle you run into is the debate between renting or buying a new home. You may be thinking that renting has more freedom because you aren't tied down to a mortgage. Or that it will cost less. However, it is important not to turn a blind eye to the multiple perks that come with buying a home. Below are 8 reasons why you should buy instead of rent. Your housing payment is consistent If you can

2207, 2020

How’s Your Financial Health?

How’s Your Financial Health? Being financially fit will open the door for many opportunities. Whether you’re looking to purchase a new car, a second home, or even just wanting to splurge on a vacation, being in the best financial position possible, is always a good idea. When evaluating your financial health, there are a few things you should consider: 1. Expenses: Make sure you are keeping track of all your expenses. Evaluate a few ways to cut costs. Having a budget and sticking to it will allow you to see where all your money is going. 2. Savings:

1507, 2020

Mortgage Basics 101

You ‘re gearing up to enter the housing market and looking for the best mortgage for your current financial situation. If you are like most individuals, you started by searching Google to find the best deal and resources possible. Look no further; we have all the tools you may need to assist you at any stage of the mortgage process. The best thing you can do for yourself is to get organized and show any documentation you may be asked to provide. Whether you are purchasing a home or refinancing here is a list of documents your mortgage

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