Latest Real Estate Market News

Whether you own your home or are in the process of purchasing a new home, understanding property taxes is a key piece of the real estate puzzle. Property taxes directly affect homeowners and property investors. Understanding this process is crucial for homeowners in Washoe County, as it is not only a financial responsibility but also an essential aspect of informed homeownership and real estate investment. Let's delve into the key insights shared during our enlightening conversation.

Home loans are used to finance the purchase of a new or existing home. There are several different types of home loans available, each with its own unique set of features and benefits. In this blog post, we will discuss some of the most common types of home loans.

One of the most common questions that buyers have is: What is mortgage insurance and when do I have to get it? In our podcast we sat down with Elena Boland, of Wholesale Mortage, to learn more details. Mortgage insurance is essentially an insurance against loss, paid as a monthly fee when putting anything less than 20% down on most loan types. These fees are paid into entities such as government reserves or private mortgage insurance reserves that help pay for foreclosures or back up any losses for banks.

With mortgage rates doubling in the last 12 months, buyers are scrambling to find lower-rate options to buy a home. One option is an adjustable-rate mortgage, also known as ARMs. An adjustable-rate mortgage is a home loan with an interest rate that can fluctuate periodically based on the performance of a specific benchmark. ARMs generally have caps that limit how much the interest rate and/or payments can rise per year or over the lifetime of the loan.