• The COST of a Home: Last Year, This Year & Next Year

    The cost of a home is determined mainly by two components: price and mortgage rate. Today, we want to show how the monthly cost of purchasing a median priced home has changed over the last twelve months and how it might change over the next twelve... Read More

  • Homeownerships Impact on Net Worth

    Over the last five years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. In a recent... Read More

  • Jim Volk Celebrates 50th Anniversary!

    Wallick & Volk Mortgage announced today that Chairman, Jim Volk, has reached an impressive milestone – his 50th Anniversary with Wallick & Volk.  Jim Volk is the grandson of the company’s founder OD “Jack”... Read More

  • 5 Reasons to Hire a Real Estate Professional

    The real estate market is a place where most people will make their largest investment ever. It is a place where fortunes can be, and often are, made.  It is not a place, however, for you to “wing it”. While the myriad TV shows... Read More

  • How the Government Shutdown is Affecting Lending

    As you are aware Federal agencies have shut down large portions of the government effective today October 1, 2013.  The information outlined below addresses the impact on the mortgage industry: HUD / FHA: The FHA should not be significantly... Read More

  • Buyers: Window of Opportunity Still Open

    The Fed recently announced they would continue their current pace of purchasing bonds until the economy was stronger. This bond purchasing program is the reason that mortgage interest rates are at historic lows. Rates began to increase over the last... Read More

  • Mortgage Rates after the Bernanke Announcement

    Last week, Bernard Bernanke startled many by announcing that the Fed will not wind down their bond buying program right now. The program is part of an overall stimulus package geared at bringing back the national economy. The... Read More

  • Boomerang Homebuyers Get a Shorter Ride Home

    HUD recently announced that people who lost their home through a foreclosure, short sale or bankruptcy, may be eligible to finance a home again in as little as 12 months. This is a reduction from the previously required minimum of 36 months from the... Read More

  • Mortgage Rates after the Bernanke Announcement

    Last week, Bernard Bernanke startled many by announcing that the Fed will not wind down their bond buying program right now. The program is part of an overall stimulus package geared at bringing back the national economy. The... Read More

  • Top 4 Myths About Home Buying Today

    The fact is, buying a home today is absolutely, totally different from buying one in 2003. And right there is why so many myths swirl around a process that, in many ways, is utterly novel from what it has been. What was true isn't anymore. Be ready... Read More

  • Why do American families buy a home?

    There is a plethora of opinions voiced by real estate gurus as to why the dream of home ownership is so important to most Americans. However, study after study reveals the same five reasons families decide to buy a home. They… * Want a good... Read More

  • A few comments on the impact of rising interest rates

    Here are a few interesting comments on how rising interest rates might impact the real estate market as we move forward. Zillow Dr. Svenja Gudell, Senior Economist “As long as mortgage interest rates don’t rise too far and... Read More

  • A few comments on the impact of rising interest rates

    Here are a few interesting comments on how rising interest rates might impact the real estate market as we move forward. Zillow Dr. Svenja Gudell, Senior Economist “As long as mortgage interest rates don’t rise too far and... Read More

  • Selling a House? 5 Reasons You Should Do It Now!

    Many are talking about why now is a great time to buy a home. Today, we want to look at why it might also be an opportune time to sell your house. Here are the Top 5 Reasons we believe now may be a perfect time to put your house on the market. 1.)... Read More

  • Real Estate without Freddie and Fannie

    “The good news is right now there’s a bipartisan group of senators working to end Fannie and Freddie as we know them. And I support these kinds of reform efforts.” - President Obama, August 6th Ending Freddie Mac and Fannie Mae... Read More