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News

What do these decade-high rates mean for homebuyers and sellers?

As mortgage rates rise and housing prices increase, the real estate market is becoming increasingly difficult and costly for prospective homebuyers. Home prices are not rising nearly as quickly as they used to, but if they and interest rates keep rising, the demand for homes will weaken, since more buyers are priced out of the market. This is forcing many buyers to delay the homeownership dream because they cannot afford the punishing combination of higher rates and higher house prices. While there are expected more homes on the market this spring, higher mortgage rates could be keeping some sellers from...
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Rates Are Rising! What Does It Mean?

Mortgage rates vary from one lender to another, and you should always shop around before committing to a particular one. Mortgage rates vary depending on many factors, including your state, the number of lenders, and the demand for housing in your area. For example, higher mortgage rates mean higher costs for lenders and therefore, higher rates. In riskier areas, lenders may hike rates to offset the risk. Finally, the state of the economy plays a major role in mortgage rates, so keep these factors in mind. If rates are going down, this is a good time to purchase a home....
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Will the Russo-Ukrainian War Affect U.S. Housing?

It wasn’t long ago that the 2022 Russo-Ukrainian War began with a bang, but it may be a while yet before we understand the full impact it may have on US housing prices. What does this new conflict mean for you as a first-time homebuyer, someone seeking a VA or USDA mortgage loan, or someone who already has a mortgage? No matter what your current situation is, Liberty Lending is here to work with you every step of the way. Whether we like it or not, mortgage rates have been slowly but steadily rising over the past three years. This...
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Are you OK for a VA Loan? Y-E-S!

If you’re a veteran, you’ve probably heard of VA loans. But do you know exactly what it takes to get one? And what the benefits are when you do? Here at Liberty Lending, we’ve got years of experience providing veterans in the St. Louis area with VA loans, so we know how to break it down. Here’s the formula for VA loans: Service Record + Credit Score + Income Level = No Down Payment, 100% Financing and Great Fixed Rates Let’s explore how everything comes together. First, this is what goes into a VA loan.   Service Record When applying...
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A Fireside Chat About USDA Loans

When applying for a loan, it can be difficult to get the information that you need to narrow down your options. Even once you’ve determined the type of loan you need, such as a USDA loan, the questions about qualifications can seem endless. Here at Liberty Lending, we want to make the mortgage process as clear as possible. Our highly-trained consultants are always ready to have a conversation that can help you figure out what works for you. If you’re interested in a USDA loan, here’s how a conversation with us might go: Homebuyer: So I think I’m finally ready...
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Liberty Lending Cares

Liberty Lending Consultants is an excellent source for St. Louis VA Home Loans, Missouri USDA Rural Development loans, and more. But outside of being a great place to get loans, Liberty Consultants continues to give back by helping fund KW cares, a local St. Louis charity.  KW Cares offers disaster and emergency funding to the families of its associates. This non-profit group is the result of St. Louis-based real estate company named Keller Williams.  The charity is now supported by associates all across North America. The charity has 503 status, which allows them to accept donations on behalf of those who...
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The Top 10 Home Improvement Tips Every Homeowner Must Know

Homeownership can awaken the Bob Vila within all of us, even those who don’t know much about home improvement. These tips will set you up for success, no matter if you are tackling major renovations or just starting to dabble in DIY. Get a plan Renovations don’t always go according to plan. But that doesn’t mean you have to do it all by yourself. Last-minute changes can be stressful and costly, so make sure you have all the details in order. This means that you know what results you want, and how much time and money it will cost to get them. Many...
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How to Choose the Right Broker… and Not Some Joker!

If you’ve started looking into getting a mortgage, you’ve probably realized that it’s a lot of work. But that’s no reason to worry – that’s why mortgage brokers exist. Every day, they’re helping people just like you make the most of their mortgage. But before picking a partner that can help you do the same, it’s important to get a few answers. Here are some questions to ask any potential mortgage broker before you sign the dotted line. What is the application process like? Applying is more than half the battle when it comes to getting a mortgage, so you...
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