John Nagle Team - Thompson Kane & Company

Is someone you know preparing to embark on the journey toward home ownership? We just posted this to our blog to help first time homebuyers get off to a great start on financial preparation!

Preparing for a House Hunt: Unlock the Door to Your Dream Home - Thompson Kane & Company 3 key things you need to do when preparing for a house hunt to put the odds of success in your favor. Thompson Kane breaks it down.

This week's housing market updates just published on ThompsonKane.com, check it out: https://www.thompsonkane.com/housing-update-market-news-7-16-23/

Market Update: Housing and Economy News Weekly economy and housing market update from the 2nd week of July, 2023 from mortgage lender Thompson Kane & Co. NMLS 898428

Here's a short piece we posted this week on the TK blog explaining the benefits of getting pre-qualified for a mortgage. Share away!

Getting Pre-Qualified for a Housing Offer - Thompson Kane & Company Get pre-qualified for a mortgage loan with Thompson Kane and boost your homebuying game for better results!

Hello Friends. Market Updates:
The service sector showed robust growth in June, marking its fastest pace in four months and indicating a resilient economy.
Payroll company ADP reports businesses added the most jobs in a year in June, underscoring the ongoing strength of the labor market.
In June, manufacturing experienced its eighth consecutive month of contraction, reaching its lowest level in three years.
See more news at

Housing Market and Economy News News on the economy and housing market from the first week of July, 2023 from mortgage lender Thompson Kane & Co. NMLS 898428

How Much Do You Need for a Down Payment on a House?

How Much Do You Need for a Down Payment on a House? - Thompson Kane & Company Are you planning to buy a home? Here’s what you need to know about down payments. If you’re in the market to purchase a home, one important factor to consider is the down payment. You may be wondering how much you need to save before you can start your homeownership journey. Traditionally, a dow...

Purchase mortgage applications saw a 3% increase last week. However, compared to the previous year, applications were 21% lower, primarily due to insufficient inventory rather than a lack of demand. More at

Housing Market and Economy News News on the economy and housing market from the last week of June, 2023 from mortgage lender Thompson Kane & Co. NMLS 898428

“Low income” just got higher!
Some of our "lower income" home loan programs are now available for borrowers with higher incomes. The Federal Housing Finance Agency (FHFA) recently updated its area median income (AMI) limits. Limits increased an average of 7.73% across 95% of US counties.
This change is expected to open the door to homeownership for more borrowers. Several government-sponsored loan programs provide preferable terms for borrowers who earn 80% or even 100% of an area's median income. When that income level increases, more borrowers become eligible. These programs typically offer low down payments and flexible sources of funds (including gifts) for both first-time and repeat buyers.
If you or someone in your circle of friends and has hesitated to buy due to low income, it's a good time to check to see if you qualify.

Thinking about relocating because you work remotely now?

https://www.thompsonkane.com/what-areas-are-hot-in-real-estate/

What Areas are “Hot” in Real Estate? - Thompson Kane & Company Going into 2022, many potential home buyers and real estate investors are watching certain cities to find the best buys. Many factors impact housing prices, including job creation and growth in the area, population growth, and others. Some areas grow faster than others and offer great opportunities....

I've been thinking about doing this. With house values way up, now could be a good time to do a cash-out refinance and invest your equity in an expansion you've been dreaming of...

https://www.thompsonkane.com/increasing-your-homes-value-with-an-addition/

Increasing Your Home’s Value with an Addition - Thompson Kane & Company Updating or renovating your house is a great way to add value to your home. Projects can range from small things you can DIY in one weekend, such as painting a room or adding a backsplash. Other projects may need a professional or multiple days and weeks of work, such as adding a deck or…

https://www.thompsonkane.com/what-is-a-fixed-rate-mortgage/

What Is a Fixed Rate Mortgage? - Thompson Kane & Company The most common type of mortgage that new homeowners take out is a fixed rate mortgage. If you are shopping for a new home and talking to lenders, chances are you have gone over the options for a fixed rate loan. Here is what you need to know to decide is a fixed rate mortgage…

https://www.thompsonkane.com/garage-upgrades-for-your-new-years-resolution/

Garage Upgrades for Your New Year’s Resolution - Thompson Kane & Company Is building healthy lifestyle habits one of your new year’s resolutions for 2022? There’s no time like now to set up your space for success. One of the first places you can start is right in your own garage! Set Up a Garage Gym For the ultimate fitness enthusiast, bring your workout home with a....

John Nagle Team - Thompson Kane & Company added a button to make it easier to use an app.

Interesting piece on Bloomberg today...
https://www.bloomberg.com/news/articles/2022-01-24/is-real-estate-a-good-investment-hedge-against-inflation-what-the-experts-say

Real Estate Is Emerging as a Hedge Against Roaring Inflation Those seeking alternative investments from stocks and bonds may turn to the housing market, but that strategy still presents risks.

https://www.thompsonkane.com/what-you-need-to-know-about-property-taxes/

What You Need to Know about Property Taxes - Thompson Kane & Company Whether you are a first time homebuyer or a seasoned purchaser, you will still need to learn and understand your property taxes. Property Taxes Included in Mortgage Most mortgages have property taxes included in the monthly payment. The payment is broken down into Principle, Interest, Taxes, and Ins...

https://www.thompsonkane.com/what-to-expect-from-real-estate-in-2022/

What to Expect from Real Estate in 2022 - Thompson Kane & Company 2021 saw many people looking to buy a home outside of major urban areas. As more and more people embraced working from home (some even opting for this set up permanently), homes that could support both personal and professional life became more important to buyers. Fewer and fewer prioritized proxim...

https://www.thompsonkane.com/spruce-up-your-home-in-the-winter/

Spruce Up Your Home in the Winter - Thompson Kane & Company Winter is coming! If you are in most parts of the United States, it’s already here. Check out this list of ways to keep your home looking its best during the coldest part of the year. Take Care of Maintenance You may not need to do a lot of work compared to the raking that…

https://www.thompsonkane.com/why-your-garage-might-be-the-best-part-of-your-home/

Why Your Garage Might Be the Best Part of Your Home - Thompson Kane & Company It can be easy for your garage to turn into an abyss of old junk, extra boxes destined for the already-full recycle bin, and off-season decorations. But here are a few great reasons to use this space efficiently and effectively. 7 Helpful Garage Tips: Keeping your car in the garage will help it last...

https://www.thompsonkane.com/what-is-an-adjustable-rate-mortgage/

What Is an Adjustable Rate Mortgage? - Thompson Kane & Company Getting ready to buy a house? You may have talked to your lender about a few different options for financing. If you’ve heard of the Adjustable Rate Mortgage, you may be wondering if it is a good choice for you. Here are the ins and outs of the Adjustable Rate Mortgage, ARM. It is adjustable.…