Colette Singleton

Great news for FHA mortgage borrowers! 🥳

This week, the Department of Housing and Urban Development announced a 30 basis point reduction (.3% of the loan balance) to the annual mortgage insurance premiums charged to FHA mortgage borrowers.

With this lower rate, homebuyers who purchase a home with an FHA mortgage after March 20 will be able to save an average of $800 in mortgage insurance costs every year.

Read our latest article to learn more about FHA mortgage insurance premiums and how this change will affect you 👇

[email protected]" rel="ugc" target="_blank">https://neohomeloans.com/02/23/2023/big-savings-for-fha-mortgage-borrowers-just-announced/?lo=[email protected]

Big Savings For FHA Mortgage Borrowers Just Announced | NEO Home Loans On February 22, the Department of Housing and Urban Development (HUD) announced a 30 basis point reduction (.3% of the loan balance) to the annual mortgage insurance premiums (MIP) charged […]

Do you know the difference between FACT and FICTION when it comes to the housing market? 🧐🏠 You will soon!

Join us this Wednesday, February 15th for a virtual discussion all about Inflation, Interest Rates, & The Housing Market. You'll learn what to expect with rates and affordability this year, why demand is increasing and supply is so low, and why we believe the housing market is NOT heading for a crash.

Buying a home is a big decision, and I know this discussion will help you overcome any fear and be confident in that decision. You can learn more about the event and register at the link below. ⬇️

Inflation, Interest Rates, & The Housing Market Learn what is influencing home prices and affordability today, so you can navigate the housing market with more confidence in 2023.

Our mission at NEO is to help you build wealth and find financial freedom through smart mortgage and real estate planning. This starts with helping you understand what factors cause the housing market to fluctuate, so you can plan for the future and make a good investment that fits your lifestyle and financial goals.

There’s a lot of news chatter about a pending housing crash or bubble, but if you actually look at the factors that influence home prices today, you can see how wrong that is 📊 👀

Check out our latest article below to learn more about what is influencing home supply and demand today to understand just how different things are from the years leading up to 2008 - I think you'll be surprised!

[email protected]" rel="ugc" target="_blank">https://neohomeloans.com/01/26/2023/why-the-current-housing-market-is-so-different-from-pre-2008/?lo=[email protected]

Why The Current Housing Market Is So Different From Pre-2008 | NEO Home Loans If you’ve been following our blog, you know we’ve written a lot of articles about why today’s housing market is vastly different from the one that preceded the 2008 housing […]

Do you have trouble understanding what causes mortgage rates to change?

Mortgage rates follow inflation, and the latest Consumer Price Index report for December shows once again that inflation is coming DOWN. This means mortgage rates are headed lower, housing will become more affordable, and the higher demand will keep home prices stable throughout the year.

If you have questions about where home prices and interest rates are heading this year, check out our 2023 Housing Market Forecast below!

2023 Housing Forecast: What to Expect With Rates, Prices, and the Economy | NEO Home Loans The U.S. housing market in 2022 was a rollercoaster. The year started with home prices at record highs and interest rates still closely holding the all-time lows that were set […]

While home price appreciation has moderated this year, that doesn’t mean homeowners have lost all the equity they gained during the pandemic frenzy.

Despite the headlines, the average homeowner still gained $34,300 in equity over the last year!

Why is this important? While equity helps increase your overall net worth, it can also help you achieve other goals, like buying your next home. When you sell your current house, the equity you’ve built up comes back to you in the sale, and it may be just what you need to cover a large portion – if not all – of the down payment on your next home.

If you're considering a move and would like to know how much equity you have in your home, send me a message or visit my website to request a move-up analysis!

https://colettesingleton.neohomeloans.com/

Lately, because of the state of the market, some “experts” are shouting that the housing market is heading for a collapse in 2023. But is that really the truth? NO!

Not only do we believe housing is still a great investment that will go a long way toward helping you create wealth and build a secure retirement, we also believe now is one of the best times to buy that we’ve seen in the last couple of years.

Why Real Estate Will Still Be A Good Investment In 2023 | NEO Home Loans Housing prices have skyrocketed over the last couple of years for three big reasons: Historically low interest rates Lower inventory of homes coming to market due to homeowners choosing to […]

A lot of media outlets are still saying we are about to see a repeat of the 2008 housing market crash. Well, we disagree! 👎

What is happening in the housing market today is a normalizing of two years of out-of-control buyer demand and insufficient home supply, but it is still the farthest thing from 2008 – and the fears of a crash are creating HUGE opportunities for homebuyers. 🏘💰

Check out our latest article to see why!

These Statistics Show The Great Wealth-Building Opportunity In Today's Housing Market | NEO Home Loans A lot of media outlets are still saying we are about to see a repeat of the 2008 housing market crash. Well, we disagree, and we have the statistics to […]

Great news for mortgage rates!

After calmer than expected inflation, rates rallied to their lowest point in almost 2 months and recorded their biggest one day drop in history.

Check out our latest article below to find out why this happened and what it means for rates going forward.

Why Slowing Inflation Lead A To Record One-Day Drop In Mortgage Rates | NEO Home Loans After consumer data showed that inflation cooled in October, mortgage rates fell on Thursday by their biggest margin EVER, according to data from Mortgage Daily News (MDN). The Consumer Price […]

High rates are severely affecting homeowner affordability, and this change in demand has caused home prices to dip slightly over the last few months. But there is one big factor that will continue to prevent a steep decline in home prices – inventory.

Here’s why low housing inventory is still preventing prices from crashing.

Why Low Housing Inventory Is Still Preventing Prices From Crashing | NEO Home Loans “Home prices falling faster now than in 2006.” This is a popular headline that has hit the news outlets recently, and it is causing even more panic for potential homebuyers. […]

Using an interest rate buydown strategy is a great way for you to get into a home sooner and benefit from price appreciation immediately, rather than waiting to buy in the hope that rates drop in the future.

Here’s everything you need to know about temporary vs. permanent interest rate buy downs.

Permanent vs. Temporary Interest Rate Buydown: Which One Is Right For You? | NEO Home Loans As the housing market continues to balance, we are seeing more sellers reduce the list prices of their homes to attract more buyers. But did you know that for most […]

When buying a home in a high-interest rate environment, it’s important to understand how the refinance process works and what the cost implications will be so you can be prepared to take advantage of the savings opportunities when rates drop.

Our latest article details all the potential costs that may be included with your refinance. Check it out below!

Planning To Refinance Your Home Loan? Here's What You Can Expect To Pay | NEO Home Loans Refinancing your home means getting a new loan to replace your current mortgage, which could lower your monthly payment or your interest rate. However, just like when you first bought […]

Wondering if this fall is a good time to buy a home? 🍂🤔

Making a successful offer on a home starts before you even begin house shopping, and our Fall 2022 Homebuying Guide is the perfect place to start!

This free resource will help you navigate today's difficult market and give you helpful insights for making a successful home offer. Download your FREE copy today at my website below (just scroll down until you see "Purchase Guide") 😀🏡

https://colettesingleton.neohomeloans.com/

With all the buzz in the media, you may start to worry the housing market is in a bubble.

While it’s only natural for concerns to creep in that there could be a repeat of what took place in 2008, the good news is there’s concrete data to show why this is nothing like the last time.

Why The Housing Market Won't Crash In 2023 | NEO Home Loans With all the buzz in the media, you may start to worry the housing market is in a bubble. While it’s only natural for concerns to creep in that there […]

It’s no secret mortgage rates have shot up in recent months, and inventory remains low while home prices continue to rise. In an environment like this, you may be forced to wait things out and buy a house when rates drop and affordability levels out.

If that’s the case for you, taking the necessary steps to improve your finances and better your odds at securing the home you want is a smart strategy. Check out our latest article for 5 steps you can take now to prepare to buy a home when the time is right for you!

Waiting Until Rates Drop To Buy A Home? Here Are 5 Steps You Can Take To Prepare | NEO Home Loans 2022 has been difficult for those trying to afford a home. At the beginning of the year, home prices began climbing but interest rates were near record lows, offering at […]

There are a lot of headlines about price appreciation, but at the same time, we are seeing some sellers reducing the price of their homes. So what’s really going on?

👉 Check out our latest article to learn what’s actually going on with home prices, what the driving forces are behind the market changes, and what you can expect to see as we continue to transition into a more balanced market.

What's Actually Happening With Home Prices Today? | NEO Home Loans One of the biggest questions people are asking right now is: what’s happening with home prices? There are a lot of headlines about price appreciation, but at the same time we […]

As we enter the last few months of 2022, we’re starting to see the housing market transition into a more balanced market, and this movement is creating a lot of discussion around rate buydown strategies. One particular strategy getting a lot of attention is called a 2-1 buydown.

Here’s everything you need to know about using a 2-1 buydown strategy to lower your interest rate and save money on your monthly mortgage payment.

How To Beat High Rates With A 2-1 Buydown | NEO Home Loans As we enter the last few months of 2022, we’re starting to see the housing market transition into a more balanced market, pulling some of the leverage from sellers and […]

"Mortgage rates are projected to decline next year — but that doesn’t mean prospective homebuyers should necessarily delay a purchase for the prospect of lower financing costs."

So many buyers get hung up on interest rates and decide to wait until rates drop to finally purchase a home. The problem with that? Inventory is still going to be a big problem and home prices are going to keep rising!

If you find a home you like that you can afford, NOW is the time to buy it. You will start building wealth through equity immediately, and when rates go down you can always refinance.

Send me a message and let's get your homebuying plan started!

Home inventory is rising - but does that mean the housing market is in trouble?

Our latest article explores why more homes are coming on the market, what you can expect in terms of appreciation in the coming months, and the main reasons why the housing market is still on very stable ground despite rising inventory.

Home Sales Are Slowing, But The Housing Market Remains On Solid Ground | NEO Home Loans Just a few months ago, the housing market was surging: home prices were up, rates were down, and demand was out of control. We’re now starting to see a different […]

Home prices are still going up! Don't wait to invest in your future and start building wealth through home equity.

If you're ready to stop renting, reach out to me to request a free Total Savings and Wealth Analysis - a detailed report showing all of your homebuying options, including the cost and wealth-building opportunity of every mortgage strategy available to you.

Colette Singleton, Mortgage Advisor
[email protected]
(801) 347-7601

Black Knight Inc. recently released its Mortgage Monitor Report for June, and it shows some staggering numbers for delinquency and foreclosure rates.

This announcement is leading many to fear that we may be facing another crisis like we saw during the last housing crash, when a large amount of foreclosed homes flooded the market and resulted in a drastic increase of housing supply and a freefall of home values – but that is not going to happen for several reasons! Check out the article below to find out why.

https://neohomeloans.com/08/12/2022/why-we-are-not-heading-for-a-foreclosure-crisis/?source=Colette%20Singleton

Why We Are NOT Heading For A Foreclosure Crisis | NEO Home Loans In March 2020, at the start of the COVID-19 pandemic, millions of Americans were either laid off or furloughed from work. Unemployment skyrocketed and Congress launched a series of programs allowing […]

Home inventory is on the move up, which is completely normal for this time of year. And as more homes come on the market, we are actually seeing the a slight transition from an aggressive seller’s market to a market where buyers have a bit more leverage.

Seller concessions and even price reductions are becoming more of the norm – but which strategy is better? Our latest article gives a detailed breakdown of these different purchase structures so you can see which one is right for you. Check it out below!

https://neohomeloans.com/08/05/2022/seller-paid-rate-buydown-vs-price-reduction/?source=Colette%20Singleton

Seller-Paid Rate Buydown vs. Price Reduction - Which Is Better? | NEO Home Loans Can a seller-paid rate buydown really save BOTH buyers and sellers more money than a price reduction? Home inventory is on the move up, which is completely normal for this […]

Despite the Federal Reserve raising interest rates again last week, mortgage rates have been steadily decreasing. Why is that?

Check out our latest article to find out why mortgage rates are dropping, and learn what you can expect from the mortgage market in the coming months.

https://neohomeloans.com/07/29/2022/why-are-mortgage-rates-are-dropping/?source=Colette%20Singleton

The Fed Just Raised Rates Again...So Why Are Mortgage Rates Dropping? | NEO Home Loans The Federal Reserve announced a 75-point interest rate hike on Wednesday. So why have mortgage rates have been falling ever since? Around the same time as the rate increase announcement came […]

There’s a lot of talk (and worry) about the possibility of a recession lately.

Is one coming? Will it be as bad as the last time around? Most importantly — for home buyers and homeowners, at least — what would it mean for home prices?

Our latest article takes a look back at the history of home prices and mortgage rates during recessions to give you an idea of what to expect during the next economic downturn.

Are you worried about investing in real estate during the coming recession? I’d love to know your thoughts!

What Does A Recession Mean For The Housing Market? | NEO Home Loans As rising interest rates and inflation are decreasing the demand for homes, fears of a coming recession are on the rise. Prospective buyers may be wondering what it all means for […]

Negotiations about price and seller concessions are part of every real estate transaction. What many do not realize is that a SELLER-PAID RATE BUYDOWN strategy offers more benefits for all parties involved in the long run:

✅ Offering a below-market interest rate for the property will entice more buyers
✅ Saves the seller money upfront
✅ Saves the buyer money in the long run with lower payments and a lower interest rate
✅ Helps hold home values for the area
✅ Avoids the stigma of a price reduction

Interested in seeing a loan comparison similar to the one in the image for your particular purchase scenario? Send me an email or give me a call!

[email protected]
(801) 347-7601

In today’s housing market characterized by low inventory and high rates, many homebuyers are making the change to adjustable-rate loans that come with lower rates for an initial period of fixed interest. These loans can be a good option for you if you are looking to get into a home and take advantage of equity gains, but can’t afford a monthly payment at the current fixed rates.

Check out the article below to learn more about this loan option, and find out how much you could save by choosing adjustable-rate mortgage today.

https://neohomeloans.com/07/08/2022/save-with-an-adjustable-rate-mortgage/?source=Colette%20Singleton

Here's How Much You Could Save With An Adjustable-Rate Mortgage Today | NEO Home Loans Ready to buy a home but worried about high interest rates? You might want to consider an adjustable-rate mortgage. Adjustable-rate mortgages (ARMs) haven’t been much in demand in recent years […]

Do you have a plan to buy a home this summer? Making a successful offer on a home starts before you even begin house shopping, and our 2022 Summer Homebuying Guide is the perfect place to start!

This free resource has practical homebuying tips and market insights to help you in your research so will be ready to beat the competition. Topics include:

🏡 Is the Housing Market Correcting, Or Crashing?
🏡 Why Americans Still Choose Real Estate as the Best Investment
🏡 The Seller-Paid Rate Buydown: Your Secret Weapon in a High-Rate Environment
🏡 How Homeownership Can Help Shield You from Inflation
🏡 and more!

Don't wait to start putting together your homebuying plan. Download your copy of our Summer 2022 Homebuying Guide for FREE at my website below ☀️

https://colettesingleton.neohomeloans.com/

If you are trying to qualify for a mortgage, at some point you are going to hear the term “par rate”.

Our latest article dives into what par rates are, why they’re so hard to get today, and what that means for the future of interest rates (it’s actually good news!) Check it out below ⬇️

https://neohomeloans.com/07/01/2022/par-mortgage-rates/?source=Colette%20Singleton

Par Mortgage Rates: What They Are, And Why They're So Hard To Get Today | NEO Home Loans If you are trying to qualify for a mortgage today, at some point you are going to hear the term par rate. A par rate is a term used in […]

Is the housing market a bubble that's about to pop? 🎈💥😱

Experts say NO, you shouldn't be worried about a crash soon. Here are three reasons why today's market is nothing like the one leading up to 2008:

➡️ Supply is too low
➡️ Millennials, one of our largest generations, are entering home-buying age in mass amounts and keeping demand high
➡️ Safer lending standards

The U.S. Census Bureau just released their Monthly Residential Sales Report for May, and as expected there has been a lot of misinformation about the health and stability of the housing market circulating in the media...but the REAL numbers tell a very different story. 👀

Our latest article dives deep into the report to explore what's actually happening with housing supply, and why real estate is and will continue to be a very smart and safe investment. Check it out and let me know your thoughts! 👇👇

Beware Fake News On Housing – Slowing Does NOT Equal Crashing | NEO Home Loans Be on the lookout for fake real estate news! The amount of misinformation about the real estate market reached new levels this week. There have been reports that 48% of […]