Navigating today’s homebuying landscape: Advice from Vantage Bank’s mortgage team
Presented by a FTWtoday Partner
Buying your first home is a huge life milestone. | Photo via Unsplash
The current housing market presents a unique set of challenges + opportunities for first-time homebuyers. With the number of homes for sale at an all-time low, finding the right property at the right price can feel daunting.
Some investors + potential buyers have adopted a wait-and-see approach with mortgage rates hovering around 8%. So, what does that mean for folks who are still searching? Reduced competition.
However, first-time homebuyers in today’s market still face two big challenges:
High, inflation-driven prices
Record-high mortgage rates
This has resulted in higher overall payments, forcing buyers to adjust their budgets, making the search for affordable homes much more challenging. Add economic certainty into the equation, and it drives home (pun intended) the importance of building your savings to weather unforeseen circumstances that may arise even after closing on your home.
If this all feels like a lot, don’t stress. Vantage Bank’s mortgage team created a handy guide to walk you through each step of the process and set you up for more success — with less stress — when buying your first home.
Open Play | Monday, Dec. 4 | 7-9 p.m. | Whirlyball Hurst, 147 E. Harwood Rd., Hurst | $10 | Try your hand at WhirlyBall, laser tag, and arcade games — 30% of proceeds will be donated to charity.
Tuesday, Dec. 5
City Council Meeting | Tuesday, Dec. 5 | 6 p.m. | City Hall, 200 Texas St., Fort Worth | Free | Register at least two hours before the meeting to share your opinion on agenda items.
Wednesday, Dec. 6
77th Annual Christmas Tree Lighting | Wednesday, Dec. 6 | 6:30 p.m. | Sundance Square, 425 Houston St., Fort Worth | Free | Hear a holiday performance from Marie Osmond and see the 80-ft downtown tree light for the season.
Thursday, Dec. 7
Slade Coulter | Thursday, Dec. 7 | 9 p.m. | Billy Bob’s Texas, 2520 Rodeo Plaza, Fort Worth | $16-$25 | The “Hey Mary” artist will play the world’s largest honky-tonk.
Friday, Dec. 8
Trans-Siberian Orchestra | Friday, Dec. 8 | 3 p.m. + 7 p.m. | Dickies Arena, 1911 Montgomery St., Fort Worth | $59-$109 | Rock out to the band’s “Ghosts of Christmas Eve” concert set to a light show.
Friday, Dec. 15
Disney’s Encanto in Concert | Friday, Dec. 15-Saturday, Dec. 16 | Times vary | Will Rogers Auditorium, 3401 W. Lancaster Ave. | $48.40-108.90 | A concert for every generation — See the feature-length film Encanto enhanced with a live orchestra scoring the songs.*
New York-based financial giant Morgan Stanley & Co. signed a lease for a new 6,981-sqft office at The Crescent Fort Worth. The office — expected to open in May 2024 — will expand the company’s presence in Cowtown. It currently has an office in the Wells Fargo Tower downtown.
Edu
A Dallas couple established a new major endowment for TCU’s Anne Burnett Marion School of Medicine. The Ashley and Greg Arnold Endowment will support the school’s annual operational needs. Now to be named “Arnold Hall,” the Rosedale Street building will open next spring.
Closed
The Lancaster Avenue food pantry at Eastside Ministries closed indefinitely last week after a fire. The food pantry feeds 65-100 families daily. Donate non-perishable food, clothing, and household items to community members in need.
Eat
Dave Portnoy, the president of pop culture company Barstool Sports, hit up Panther City for a slice of pizza. The social media personality scored Hulen Street’s Zoli’s Pizza a 7.9/10. Time to chow down.
Arts
Blank Space Fort Worth and CommUnity Frontline unveiled a new mural on East Lancaster Avenue over the weekend. Created by artist Armando Castelan, the full-color mural features members of the Black community that helped build Fort Worth such as railroad workers and a cowboy + a Pullman locomotive.
Try This
Looking for some more holiday cheer? Head to Christmastime in Texas, a drive-thru light display set to music in Joshua (~30 minutes south of downtown). Explore the Christmas Village with shopping and hot cocoa — plus, get $10 off at the gate Monday-Wednesday.
Announced
Counselor Brian Miller was named the president and CEO of Camp Fire First Texas. Having served as the interim president since April, Miller took the role permanently on Friday. Camp Fire First Texas is a 109-year-old nonprofit that operates children’s camps, after-school programs, and teen leadership training.
Shop
Rapper and Southlake native Post Malone — a self-proclaimed die-hard Dallas Cowboys fan — launched a new collection of collaboration merchandise. Featuring the team’s signature blue and white stars + the artist’s iconic tattooed face, the collection includes t-shirts, sweatshirts, hoodies, and shorts.
Seasonal
Did someone say Christmas cookies? Miracle at Live!, a one-of-a-kind holiday pop-up experience, is hosting a Boozy Cookie Decorating Class on Wednesday, Dec. 6. Tickets include three cookies to decorate, a complimentary glass of Winter Sangria (or non-alcoholic beverage), and a holiday souvenir cocktail glass to take home with you.*
Travel
Did you know? There are 300+ “event days” in Greenville, SC. From signature events like Fall for Greenville and Artisphere, there’s always a reason to visit. Check out the calendar of events and plan your 2024 trip.*
Finance
Masterworks is a platform that helps you invest in multi-million dollar art by names like Banksy, Basquiat, and Picasso, for just thousands – not millions. When Masterworks sells a painting, like the 16 it’s already sold, investors can get a return. 6AM City readers can skip the waitlist to join.**
**Investing involves risk and past performance is not indicative of future returns. See important Reg A disclosures and aggregate advisory performance masterworks.com/cd.
Health
🩺 The doctor is in
Hospitals in DFW with national distinctions for 2024-2025
The UT Southwestern Moncrief Medical Center opened in 2017 and expanded primary care services in 2022. | Photo by UT Southwestern
It may be called a funny bone, but finding the right healthcare is no laughing matter. That’s why the US News & World Report evaluates 592 Texas hospitals every year to rank the 30 best healthcare facilities in the state.
Five Fort Worth hospitals made the list. Keep reading to see how these local spots weigh in for 2023-2024.
No. 1 (tie) | UT Southwestern Medical Center
The teaching hospital is nationally ranked in 11 specialties including cancer care and has locations in Dallas and Fort Worth.
I have spent the last four days avidly watching my friend’s Spotify Wrapped — and no, I’m not going to share mine. But we did pull the most read articles and most viewed social media posts from this year for our own 2023 FTWtoday Wrapped.
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