Champion Pro Partners

Champion Pro Partners "A boutique concierge solution center focused on high net worth clientele. Our consultants believe

The interest rate for a 30-year fixed rate mortgage reached 6.02% this month - the average rate for this same type of lo...
09/21/2022

The interest rate for a 30-year fixed rate mortgage reached 6.02% this month - the average rate for this same type of loan was only 2.86% one year ago & this is the first time it has been above 6% since 2008!!

If you are looking to purchase a home and will need financing, you understand the importance of your credit and its impact on the types of loans you will qualify for. Contact our professional team today for your free credit analysis & allow us to help you prepare for your next home purchase!

Monthly mortgage payments are 60% higher than a year ago, according to NAR. Buyers can save by shopping around for different types of loans.

According to the Fed’s G.19 consumer credit, consumer revolving debt (which is mostly based on credit card balances) inc...
09/12/2022

According to the Fed’s G.19 consumer credit, consumer revolving debt (which is mostly based on credit card balances) increased by $10.9 million between July 2021 and July 2022. Additionally, credit card usage increased 11.6 percent on an annualized basis, for the month of July.

If you are struggling with credit card debt, please contact our professional team for a FREE credit consultation & allow us to help you get back your financial circumstances back on track!

Card balances continued to grow, but at a more moderate pace, in July, and subprime account openings were up in the first half of the year.

According to the National Association of Realtors, the prices of existing-homes hit a new record in June 2022; the annua...
07/27/2022

According to the National Association of Realtors, the prices of existing-homes hit a new record in June 2022; the annual increase was a whopping 13.4% and the median price for an existing home was $416,000.

If you are considering to purchase a home in the upcoming months, it is essential to review your credit and ensure that you will qualify for a home loan that is your best option. Contact our professional team today for your complimentary credit analysis!

Nearly every region of the country saw a major decline in real estate transactions last month as more buyers are priced out of the market, new NAR data shows.

According to a recent survey conducted by Redfin, 32% of the participants said they considered moving away from their ho...
04/15/2022

According to a recent survey conducted by Redfin, 32% of the participants said they considered moving away from their hometown during the first quarter of 2022. The results of this survey, as well as moving trends indicate that an increasing number of Americans are seeking more affordable areas in order to lower their costs of living.

Whether you are considering to relocate or are looking to stay in your hometown, having the right credit is important when preparing to purchase your next home. Contact our professional team for a free credit consultation today, & allow us to help you in purchasing your next home!

High-priced real estate markets may grow less attractive as some households become desperate to lower their household expenses.

According to the National Association of Realtors, 48% of buyers' offers were above the home's asking price - nationwide...
03/23/2022

According to the National Association of Realtors, 48% of buyers' offers were above the home's asking price - nationwide! On average, these offers were approximately 2.9% above list price.

Another recent real estate survey indicates that there were nearly five five offers for every home sold in the United States during February 2022.

If you are looking to purchase a home, you can expect to face steep competition among other buyers in the real estate market. Having the right credit score is a crucial aspect of qualifying for a home loan, and ensuring that you are prepared when you find your next property. Contact our professional team for a free credit consultation today!

Buyers typically lose out on two homes before succeeding on the third try, according to a new NAR analysis.

According to a report that was recently published by the real estate firm, CoreLogic, the rent for single-family homes i...
03/17/2022

According to a report that was recently published by the real estate firm, CoreLogic, the rent for single-family homes in the U.S. increased a record-breaking 12% in January 2022. With a highly competitive real estate market, there are some potential buyers who have considered renting while they waiting for the housing inventory to increase.

Whether you are considering renting or purchasing a home, your credit is a major factor to consider. If you are interested in a free consultation, please contact our professional team and allow us to help you with your credit goals!

As some potential home buyers get priced out, they’re sparking a rush in the single-family rental market.

A recent analysis was conducted by LendingTree to determine the top housing markets in the United States where single pe...
02/15/2022

A recent analysis was conducted by LendingTree to determine the top housing markets in the United States where single people are purchasing homes.

The top three cities are:

1. Buffalo, NY

2. Cleveland, OH

3. Louisville, KY

If you are a single person who is considering purchasing a home, are you prepared for such a purchase? If you will be needing financing to purchase a home, one important aspect to consider is your credit. Contact our professional team for a free consultation & we can discuss a personalized action plan for improving your credit and achieving your homeownership goals!

Rising home prices can make it difficult to buy solo, but these markets may offer the best options.

The demand for new construction homes continues to increase!According to the Commerce Department, the sales for newly bu...
01/28/2022

The demand for new construction homes continues to increase!

According to the Commerce Department, the sales for newly built single-family homes increased 12% in December 2021 compared to November. With the inventory of existing homes being limited, this housing shortage explains the increased demand for new construction homes.

If you are like other prospective home buyers who are considering purchasing a new construction home, it is important to ensure your credit is at its best to be eligible for certain home loans. Contact our professional team for a free credit consultation; we would love to help make your homeownership dreams a reality!

New-home sales posted a double-digit jump last month as buyers rush to build.

According to a survey conducted by the National Association of Realtors, there is a misperception amongst consumers rega...
01/11/2022

According to a survey conducted by the National Association of Realtors, there is a misperception amongst consumers regarding the down payment requirements when purchasing a home.

35% of participants believe that they need a down-payment of 16-20% of the home purchase price, & 10% believe that a down-payment of more than 20% of the purchase price is necessary. The average down payment for first time home-buyers (based upon the previous three years) is surprisingly only 6 to 7% of the purchase price.

While a person's financial circumstances is a key component of the home buying process, the credit aspect is equally important. If you're unsure if you will qualify for a home loan based upon your credit, please contact our professional team for a free consultation; we would love to help make your homeownership dreams a reality!

Some aspiring homeowners may miss opportunities due to being misinformed about home financing.

There was a surge in luxury housing market in the United States during 2021, resulting from low interest rates and a thr...
01/05/2022

There was a surge in luxury housing market in the United States during 2021, resulting from low interest rates and a thriving stock market.

•Sales priced at or above $50 million rose 35% year over year, according to a report from appraiser Miller Samuel, as reported by Bloomberg.
•The states with the most luxury home sales during 2021 occurred in New York & Florida.
•The most expensive sale in the United States during 2021 was in Montana, for $200 million on a 340,000-acre ranch.

Whether you are looking to purchase your first home or are interested in purchasing luxury real estate, it is important to review your credit report to ensure that you are ready & able when you find that perfect home. Contact our professional team for your free consultation and allow us to help you be prepared to purchase your next property!

Low interest rates and a red-hot stock market are fueling rapid growth in the multimillion-dollar segment.

A recent analysis was completed by Experian - utilizing consumer credit data from August 2021 - to determine which state...
12/17/2021

A recent analysis was completed by Experian - utilizing consumer credit data from August 2021 - to determine which states had the consumers with the most bankruptcies in their credit history.

The Top 10 States with the Highest Bankruptcies Rates Are:

1. Alabama
2. Kentucky
3. Mississippi
4. Nevada
5. Tennessee
6. Ohio
7. Illinois
8. Georgia
9. Arkansas
10. Indiana

If you are currently facing financial hardships and are unsure if a bankruptcy is the best solution, please contact our professional team for a free consultation where we can discuss the possible alternative solutions.

Residents in all states experience bankruptcy, but Experian’s analysis found that the bankruptcy rates are much higher in certain areas.

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