New Year, New Home: How to Make It Happen in 2025
webadmin • January 8, 2025
New Year, New Home: How to Make It Happen in 2025
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The new year is here, and it’s the perfect time to set your goals for 2025. If one of your dreams includes finding a new home, you're in the right place. But where do you start? Don’t worry—we’ve got you covered. At Luminate Home Loans, we’re here to help you turn that vision into reality with a game plan that’s both simple and effective.
When you share your "why" with your mortgage expert, they’ll align their expertise with your goals. Whether the market is hot or not, a great agent will help you navigate challenges, stay on track, and turn your dream into a done deal.
Having a clear list of your must-haves (and nice-to-haves) will make your search a whole lot smoother. If your budget is tight, flexibility might be key. Maybe you can expand your search area or compromise on one feature if another must-have is met. Share your wishlist with your agent—they’ll help you prioritize and focus on homes that check the right boxes.
It’s also important to partner with the right pros—like a trusted lender and real estate agent. Together, they can help you:
Being clear on your numbers from the start makes everything easier—and less stressful.
“. . . now more than ever, it’s smart to lean on the guidance of an experienced local real estate agent. If you want to enter the housing market in 2025, whether as a buyer or a seller, let a pro lead the way for you.”
And hey, you’ve got us in your corner too! At Luminate Home Loans, we’re here to ensure you feel confident and prepared every step of the way.
Ready to start? Let’s connect and make 2025 your brightest year yet!
Focus on Your Why
Before anything else, take a moment to reflect on why you want to move. Sure, the finances matter, but your motivation is the true driving force. Are you looking for more space for your growing family? Ready to downsize and simplify? Maybe you’re finally taking the leap into first-time homeownership. Whatever your reason, hold onto it—it’ll keep you focused and motivated through the journey.When you share your "why" with your mortgage expert, they’ll align their expertise with your goals. Whether the market is hot or not, a great agent will help you navigate challenges, stay on track, and turn your dream into a done deal.
Get Clear on What You Need
Next, it’s time to dream a little—and get practical. What does your new home absolutely need? Think about things like:- How many bedrooms you’ll need
- If a home office is a must-have
- Whether you want a big fenced-in backyard for pets or kids
Having a clear list of your must-haves (and nice-to-haves) will make your search a whole lot smoother. If your budget is tight, flexibility might be key. Maybe you can expand your search area or compromise on one feature if another must-have is met. Share your wishlist with your agent—they’ll help you prioritize and focus on homes that check the right boxes.
Know Your Numbers
Before you dive into open houses or start scrolling through listings, take a close look at your finances. Ask yourself:- How much have you saved for a down payment?
- What monthly payment feels comfortable for you?
It’s also important to partner with the right pros—like a trusted lender and real estate agent. Together, they can help you:
- Plan for your down payment (and explore any assistance programs available).
- Understand how much equity you have in your current home if you’re selling.
- Get pre-approved for a mortgage, so you know exactly how much you can borrow.
Being clear on your numbers from the start makes everything easier—and less stressful.
Lean on a Pro to Guide You
Buying or selling a home is a big deal, but you don’t have to do it alone. A great real estate agent knows the market, has the answers to your questions, and will guide you through the entire process. As Bankrate puts it:“. . . now more than ever, it’s smart to lean on the guidance of an experienced local real estate agent. If you want to enter the housing market in 2025, whether as a buyer or a seller, let a pro lead the way for you.”
And hey, you’ve got us in your corner too! At Luminate Home Loans, we’re here to ensure you feel confident and prepared every step of the way.
Bottom Line
If buying or selling a home is on your list of goals for 2025, let’s make it happen! Focus on your why, get clear on your needs, and team up with the right pros (hint: that’s us!). This could be the year you check "new home" off your to-do list—and we’re here to cheer you on and light the way.Ready to start? Let’s connect and make 2025 your brightest year yet!
Here at Luminate Home Loans, we’re always looking for ways to offer more value to our clients and partners. That’s why we’re thrilled to announce that we’re now a wholly owned subsidiary of Luminate Bank®—and soon, we’ll officially transition under the Luminate Bank® name.
For years, homebuyers have been hoping for a return to the ultra-low mortgage rates seen during the pandemic. But as we move through 2025, it’s becoming increasingly clear that today’s rates—hovering between 6% and 8%—aren’t going anywhere.
Luminate Bank® Welcomes Josh Eifert as Chief Financial Officer, Honoring Legacy of Dave Turk [Minneapolis, Minn.] – [2/4/2025] – Luminate Bank® is proud to announce the appointment of Josh Eifert as its new Chief Financial Officer, succeeding Dave Turk, who has played a pivotal role in shaping the company's strong financial foundation. Josh brings a wealth of experience and strategic vision to Luminate Bank, with 26 years in the banking industry. Most recently, Josh served as CFO at Tradition Capital Bank in Edina, Minnesota, where he led the financial strategy during its remarkable growth from $300 million to more than $2.5 billion in total assets. Before his tenure as CFO, Josh contributed to Tradition Capital Bank in other key financial roles. He began his career with Norwest and Wells Fargo Banks, gaining extensive expertise in financial and operational capacities. Luminate Bank's leadership transition reflects the company's thoughtful succession planning, ensuring its financial strategies remain robust and forward focused. Under the leadership of Dave Turk, Luminate Bank has built an exceptional financial infrastructure, delivering consistent results and creating a foundation that positions the company for continued success. Luminate Bank's CEO, Marc Campbell, shared his confidence in the appointment: "Josh not only brings exceptional financial acumen and strategic insight to Luminate Bank, but he also embodies the principles that define our organization: integrity, innovation, and a steadfast commitment to excellence," Luminate Bank's CEO, Marc Campbell, shared with confidence. "His leadership will ensure our financial strategies succeed and inspire confidence across all who depend on us." "I am honored to join Luminate Bank at such an exciting time. The company's remarkable history of financial excellence and its forward-thinking approach align perfectly with my values and vision," stated Josh Eifert. "I look forward to collaborating with the talented leadership team to build on this strong foundation and drive continued success for our customers, employees, and stakeholders." Josh graduated from the University of Minnesota with a degree in finance and completed the Graduate School of Banking at Colorado. CEO Marc Campbell expressed gratitude for retiring CFO Dave Turk's contributions, saying, "Dave has been instrumental in positioning Luminate as a financial leader. His dedication, insight, and stewardship will always be a part of our company's legacy." Josh Eifert will officially assume his role on February 18, 2025. About Luminate Bank® At Luminate Bank, We Open Doors—empowering individuals and families to achieve their financial dreams through personalized service and innovative digital solutions. As a nationwide bank headquartered in Minneapolis, Minnesota, we are committed to helping our clients meet their financial goals with a blend of modern technology, traditional values, and the trusted guidance of experienced professionals. Known for our exceptional commitment to customers, we take pride in delivering a seamless, supportive experience for every step of the journey. Our dedicated mortgage division has branches and a team of loan originators across the US, making expert home financing solutions accessible to communities nationwide. Luminate Bank is committed to safeguarding your money and accounts with FDIC insurance coverage up to applicable limits. Learn more about how we can open doors for you at www.luminate.bank , follow us on Instagram, LinkedIn, and Facebook, or call (952) 939-7200. For media inquiries, please contact: Debbie Schwake, CMO debbie.schwake@luminate.bank
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