A Reference Guide for Homebuyers

Question of the Week

A Reference Guide for Homebuyers

2020 has been wild to say the least. In the midst of all of the chaos, people are finding a lot of opportunities as well.  I’ve talked to a few clients this week looking to purchase, remodel, or refi their home. And, yes, now is a good time to do any of those things.

According to Bank Rate, the average 30-year fixed right now is 3.14%. You can definitely go lower than that if you get an ARM or a 15-year fixed. I spoke with a client this week that has a 2.65% fixed mortgage.

I put together a quick reference guide so homebuyers and homeowners can find all of the info they need in one place. Here is what you need to know:


Those are the fundamentals. I have plenty of more posts regarding home owning so make sure to check out those posts as well in the archive. (Also tagged “real estate”.)


Quote of the Week

“In the middle of difficulty lies opportunity.” – Albert Einstein


Task of the Week

If you’re in a position to take advantage of these low interest rates, start assessing where you are in the process with the links above and start gathering info that you may need for pre-approval. That will likely include:

  • Tax returns and income documents for 2018 and 2019
  • Checking and Savings account statements for the last 60 days
  • Pay stubs inclusive of the past 30 days
  • Profit and Loss for 2020 if you own a business
  • IRA and 401k/403b quarterly statements