Financial Planning

Expectations of 2022’s Housing Market: A Cool Off, Not a Meltdown

I think we can all agree we are ready for some familiarity and to put these unprecedented times behind us. However, while we hate to say it, we must; there was nothing predictable about 2021, including the housing market. Interest rates hit record lows and we saw the strongest yearly growth in single-family home prices ever. Foreclosure rates were at historic lows and home sales hit their highest level in 15 years. Continuously, homeowners were able to sell their homes quickly and usually well above asking price. Potential buyers grew fatigued attempting to secure the winning bid after losing out on numerous homes. In short, 2021 brought one of the most competitive housing markets in recent U.S. history.  Read More

Low Rates: Opportunity is Still There, For Now

Over the past year, we’ve been spoiled with mortgage interest rates at rock bottom levels we’ve never seen before. Recently though, toward the end of September, rates increased. Don’t panic… You haven’t missed your opportunity to save with a low rate… Yet. While the days of waiting for a lower rate are behind us, today’s mortgage interest rates are still historically low and very much worth taking advantage of. Read More

Non-traditional employment? You may need a non-traditional mortgage solution.

For many people, being their own boss and owning their own business has been the ultimate employment goal. In light of COVID, many of these people are choosing now to take the leap and make their dreams a reality. According to government data from the second quarter of 2021, more Americans than ever are leaving their jobs to chase their dreams of entrepreneurship. While that all sounds exciting, it can put a crimp in your homeownership plans if you are not prepared. Read more for how Cambria Mortgage can help find the right program for your employment situation. Read More

Ready to Own a VRBO or Airbnb IRL?

Have you gotten bit by the travel bug? You’re not the only one. The desire for people to get out of the surroundings they have been in pretty constantly for the last 18 months is increasing the demand for short term rentals. If you have ever had interest in owning an investment property, now may be the time to take the plunge and purchase your first. Not sure where to start? We have you covered. Read on for some tips on taking the plunge. Read More

The Mortgage Process: Part 5, Closing

With most of the steps of the mortgage process in the rearview mirror, it is now time to cross the finish line and close on your new home. Phew! What does the closing process look like? Read on for what to expect when you come to the closing table. Read More

How to Humanize your Purchase Offer

We’ll be frank with you, buying a home mostly comes down to numbers, but sometimes… Not completely. There’s value in giving the seller a little insight into the person behind the offer... Especially in a market where there are more buyers than sellers and your competition is fierce. It’s times like these where writing a personal letter to the seller just might pay off. Here are 5 tips to keep in mind the next time you submit an offer and want to give it an extra boost. Read More