• Does Your Credit Score Effect Your Homeowners Insurance Cost?

    Does Your Credit Score Effect Your Homeowners Insurance Cost? Your credit score and your insurance payments- what’s the connection? You’re likely not surprised when your loan officer asks for your social security number- a thorough... Read More

  • Ignoring Insurance Risks Can Be Costly

    One of the first stages during the hunt for a new home is crunching the numbers to figure out your budget. And no matter how high or low that budget may be, prospective homebuyers should take into consideration the cost of insuring the home. It's... Read More

  • The Importance of the Latino Market in Real Estate

    Fannie Mae's National Housing Survey examined the attitudes among the Hispanic population toward homeownership, getting a mortgage and the expectations for future homeownership, in order to have a better understanding of the potential impact of this... Read More

  • Where Prices are Headed Over the Next 5 Years

    Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate... Read More

  • Chicken Little is Wrong-Homeownership Still the American Dream

    After the harrowing challenges experienced by so many homeowners over the last few years, many housing experts had predicted that the belief in homeownership as a major element of the American Dream would soon die. There is now conclusive evidence... Read More

  • What to Consider When Buying a Second Home

    Sooner or later you may reach a point in your life where you are financially stable and plan to purchase a second home.  For the most part, people who look to buy a second home are either looking at it as an investment or somewhere to... 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

  • Harvard: Homeownership Still the American Dream

    A big question facing the real estate industry over the last few years is how the housing crisis would impact the public’s belief in homeownership as a major component of the American Dream. Many felt the tragedy experienced by so many... Read More

  • 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