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In simple terms, here are the fundamental factors you’ll want to consider when preparing to finance a house. If you want to buy a home, especially your first one, you're going to need to understand how to qualify for a mortgage. while it’s a pretty straightforward process, there are a few considerations to prepare for.

Purchasing a home ranks among the most significant financial decisions we make in our lifetimes. It's a choice that demands meticulous planning, considerable time, and substantial resources.

A common theme in American culture is the hustle-and-grind mentality, chasing the American dream, growth, gains, crushing goals, and climbing ladders. Many of us are taught that success looks like constantly striving for more. This work ethic can be beneficial in many respects, but it can also be hurtful when not considering that individuals’ needs and approaches may vary and fluctuate at different seasons of life. People can get burnt out, struggle with comparison, sacrifice health and relationships for work, or embark on goals or journeys left unfinished.

On Monday, mortgage rates continued their downward trend, dropping by 33 basis points compared to last week. Just a month ago, the average rate on a 30-year fixed mortgage was notably higher, sitting at 7.85 percent.

As you know, our world can act like a rollercoaster ride, right? Crazy highs and those not-so-fun lows. So, when the market decides to take a cool down, that's our cue to step up our game and show it who's boss. Now, let's kick back, grab a cup of something good, and chat about why keeping a pipeline warm is our best strategy during the slowdown.

NASHVILLE, Tenn. (December 7, 2023) – Data for the month of November showed 2,383 home closings, according to figures provided by Greater Nashville Realtors®. This figure indicates a 4 percent decrease from the 2,493 closings reported for the same period last year. In November 2019, there were 3,232 closings reported.  

Since March 2022, the Federal Reserve has raised interest rates 11 times, aiming to curb inflation. This effort drove mortgage rates up to 7.9 percent in October, the highest level since September 2000.

As we wind down the holiday season, it's a perfect moment to hit pause, reflect on the year so far, and set the stage for what's coming next. While 2023 is still unfolding, there's no harm in using this quieter market time to start laying the groundwork for the year ahead. When you've got your eyes on the prize for 2024, the time to kick things into gear is right now.