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You read it right folks. Interest rates on a 30-year fixed-rate mortgage, according to a Market Watch article published on March 27th, are expected to be at 5% by year’s end. Anyone in the purchase market for a home had … Read More

Back in 2006, money was easy to borrow, interest rates were low, and housing prices were booming. But then the financial crisis hit, and by 2009, nearly a quarter of U.S. homeowners found themselves underwater on their home loans. Many … Read More

Do you have a home picked out? Do you have a contract yet? If the answer is, “No”, to either one of these questions NOW is the time to lock in, find a home, enter into the contract, and close. … Read More

Since 2017 home premium rates have been rising by roughly 12 percent on average. The thing is, will these rates ever drop, or will they continue to rise? If you are a new home buyer or just looking to get … Read More

Because there are many mortgage programs available for the average consumer, the choices can be confusing. The loan officer at 7th Level Mortgage will go over the different programs with you. The purpose of this blog is to provide you … Read More

In a previous blog, I announced that 7th Level Mortgage is accepting applications for the FNMA program called Home Ready. The purpose of this blog is to outline the application process in very simple terms and how to qualify for … Read More

For those of you that are looking to purchase a home with a LOWER (yes LOWER!) down payment then the much-vaunted FHA program, Fannie Mae, beginning January 23, 2022, is offering a low down payment option called Home Ready.  7th … Read More

During the global pandemic, it was estimated that over 1 million US homeowners were at least six months behind on mortgage payments. When reevaluating your finances in the post-pandemic world, one factor that can help everyone is lower monthly payments. … Read More

The dream of buying a home looks a little different for millennials these days. A lot of millennials have shied away from purchasing due to financial concerns. There are great options to take advantage of, so those dream house goals … Read More

Did you know 44% of Americans have a mortgage? During the pandemic, the prices of houses rose significantly. In 2020, the average sales price of a new home was 389,400 US dollars. The rates in 2021 are on average 408,800 … Read More