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News

Are we in a housing crisis in St. Louis?

A housing crisis is an unfortunate fact of life for many Americans. Rising costs have made it impossible for families to meet their needs. The lack of affordable housing is also forcing people to relocate. The supply of new homes is limited by zoning regulations and restrictive practices that block development. These restrictions have contributed to segregation and other problems. Liberty Lending cares about the St. Louis community and the need for affordable housing. As a result, many people have been forced into substandard housing. One recent study showed that more than 50 percent of all households are cost-burdened. This...
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5 Tips For First-Time Homebuyers

First-time home buyers have several things to think about. They need to research mortgage options, get pre-approved, save for a down payment, hire a buyer’s agent, make sure they have a list of their must-haves and nice-to-haves, on top of all the other payments that life requires. This can be a very hard job, but knowing what things you have to do can make it much easier.  Start saving for a down payment early The good news is, there are ways to start saving for a down payment early. However, the bad news is, saving for a down payment is...
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What Is the Picture of Real Estate in 2023?

The Housing Markets of 2023 may be a little safer than it was a few years ago. Despite the fact that housing markets across the country are in a slowdown, there are still some bright spots to be found. A study released by the National Association of Home Builders (NAHB) on October 18 indicates that home prices in the U.S. are not as high as they were a year ago. Let’s dive into the details, and feel free to contact our Liberty Lending real estate experts if you have any questions! The number of houses being built is slowing down,...
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Real Estate: Real Investment for Retirement

Many people are attracted to investing in real estate because of the security it offers. Historically, this asset class has been a great option for those seeking protection against inflation. Real estate can help you build a stable monthly cash flow that can be used to meet expenses and mortgage payments. This can boost your total return. It can also help you capitalize on market appreciation over time. When it appreciates in value, you can resell your investment at a profit or use the proceeds to purchase another property. If you’ve been thinking about getting into real estate investing but...
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Rising Mortgage Rates Putting a Damper on a Once-Hot Housing Market

Mortgage rates are determined by a number of factors. First, the lender assumes a certain amount of risk when issuing a loan. The higher the risk, the higher the mortgage rate. This helps the lender to ensure that the loan is repaid quickly in the event of default. Mortgage rates fluctuate frequently, depending on market conditions, so it is important to check current mortgage rates regularly. Our Liberty Lending consultants can help you find the best mortgage rates and loan types for your needs. The average mortgage rate in the United States has been between 7.5 and 9% for most...
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The Unequivocal Explanation of Home Equity

Equity is the amount of money you own in your home that is left on your home after the lender pays off your loan. This equity will grow as you pay down your mortgage, and as your home appreciates in value, you will also gain more equity in your home. You can use this equity in different ways, and Liberty Lending can help you discover and make use of your equity. Home equity loans can be obtained through most major banks. Always compare the terms and interest rates of different lenders. Some banks offer lower interest rates if you are...
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Finally Falling! St. Louis Home Prices Decline

Home prices in St. Louis are lower than the average for most cities in the US. As of this month, St. Louis home prices are 10-20% below their 2007 peak, and they are likely to continue declining. If you’re considering purchasing a home in St. Louis, here are a few factors to consider. The first is the appreciation rate. As a whole, St. Louis home prices are not that expensive, but they are still considerably lower than the national average. Take advantage of this opportunity to get a low-cost mortgage from Liberty Lending! In addition to the shortage of inventory,...
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Will Mortgage Rates Continue to Fluctuate?

A simple explanation of interest rates is the relationship between their level and their yield curve. The shorter the term of the bond, the lower the interest rate, while the longer the term of the bond, the higher the interest rate. Interest rates, therefore, reflect a risk premium attached to holding longer-term debt. But if you don’t understand how interest rates are determined, you might get confused. In this article, we’ll review the relationship between interest rates and yield curves, and how they affect interest rates. Mortgage interest rates are expressed as a percentage of the total balance, making them...
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