What Do I Need To Know About Today’s Real Estate Market?

Todays Real Estate Market by SouthPoint Home Mortgage

Q: The news from the real estate market can be confusing. What do I need to know as a buyer, a seller, or just an American citizen, about today’s real estate market? A: Trends and stats in real estate are constantly changing, especially during the unstable economy of COVID-19. Here’s all you need to know about the…

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Mortgage Rates are Dropping; Should I Refinance?

Rate are low thinking of refinancing SouthPoint Home Mortgage

Q: I’ve heard that mortgage rates have dropped dramatically since the start of 2019. Should I refinance my mortgage loan to take advantage of these lower rates? A: Refinancing a mortgage is essentially paying off the remaining balance on an existing home loan and then taking out a new mortgage loan, often at a lower interest rate.…

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The 20% Down Myth

Down payment myth wood house with calculator SouthPoint Home Mortgage

If you’re desperate to own a home of your own, you are likely saving up until you have 20% of your dream home’s total value.  All that’s great, but the fact is you don’t need to put down 20%.  The 20% myth is leftover from the era after the housing crisis, when many lenders tightened…

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