Discover the fascinating insights from the National Association of Realtors® 2023 report on buying and selling trends in the real estate market. In this article, we delve into the characteristics of homes purchased and the surprising similarities across generations. Whether you're a millennial, Gen Z, or part of the older generations, one thing remains clear: single-family homes are the overwhelming choice for buyers of all ages. We explore the preferred configurations, including the median year built, square footage, number of bedrooms, and bathrooms. Additionally, we uncover the driving forces behind the decisions to buy new construction or previously owned homes, from avoiding renovations to market inventory limitations. Furthermore, we delve into the length of time buyers intend to stay in their homes and their increasing desire for environmentally friendly features. Join us as we navigate the real estate landscape of 2023 and uncover the homes we bought and why we bought them. ...

Purchasing a home on a single income may seem like a daunting task, but with careful planning and the right strategies, it's entirely feasible. This comprehensive guide outlines the merits and pitfalls of single homeownership and offers practical steps to navigate this complex journey. We delve into how to establish a strong credit foundation, the importance of saving for a down payment, budget planning, and leveraging grants & alternative loan programs. The ultimate goal is to help single buyers make informed decisions that lead to successful homeownership. This is your journey, and with CrossCountry Mortgage by your side, you're not alone. ...

Embarking on the path to financial freedom often involves a pivotal milestone: owning a home. But what about the possibility of settling your mortgage ahead of schedule? An early mortgage payoff can indeed turbocharge your journey towards financial stability, offering profound benefits such as substantial interest savings and the satisfaction of owning your home outright. However, before taking this leap, it's important to consider the potential repercussions, alternative investment opportunities, and whether your funds could generate greater returns elsewhere. This comprehensive guide provides astute insights from CrossCountry Mortgage professionals, assisting you to intelligently navigate your mortgage payments and build a solid financial future. ...

Discover the world of financing manufactured homes and explore the diverse mortgage options available to turn your dream of homeownership into a reality. From conventional loans to government programs, chattel loans to personal loans, this comprehensive guide provides valuable insights and expert advice. Whether you're considering a manufactured, modular, or mobile home, our experienced team is here to assist you in making informed decisions that align with your goals and budget. Start your journey towards owning a home today. ...

Discover the ins and outs of second mortgages and unleash the potential of your home's equity. In this comprehensive guide, we delve into how a second mortgage works, its benefits, and the potential risks involved. Whether you're considering home improvements, consolidating debt, or securing a down payment for a second home, understanding the nuances of second mortgages is crucial. Learn about different types of second mortgages, qualifying criteria, and explore alternative financing options. Trust CrossCountry Mortgage to help you navigate through the complexities and find a financing solution that fits your needs and budget. Start exploring your financial options today. ...

Are you self-employed or a gig worker? Do you have a high debt-to-income ratio or blemishes on your credit history? If so, traditional mortgage options may not be available to you. But don't worry, there's still hope for owning your dream home. Introducing non-qualified mortgage (non-QM) loans - the solution for non-traditional borrowers. In this guide, we demystify non-QM loans, explaining how they work and the benefits they offer. From expanded borrower criteria to alternative documentation requirements, we explore how non-QM loans provide lending opportunities for retirees, real estate investors, and self-employed individuals. Discover the flexibility and possibilities that non-QM loans bring, allowing you to overcome traditional lending obstacles and secure the home you've always wanted. ...