When you're ready to buy a home, think carefully about what’s most important to you, both in terms of location and in terms of the house itself. House Hunting can be fun but also overwhelming. When you first jump in your car to spend the afternoon going to open houses, you are … [Read more...] about Buying a home? Here’s What to Look For When You’re House Hunting.
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Reverse Mortgages, the Good, the Bad and the Ugly
When you hear the term "Reverse Mortgage" what is the first thing that pops into your mind? Possible relief? Apprehension? Indifference? Reverse Mortgages mean different things to different people. If you are over 62 years old, living on a fixed income and unable to meet your … [Read more...] about Reverse Mortgages, the Good, the Bad and the Ugly
Careful…Don’t Get Caught in the Rental Trap!
There are many benefits to homeownership but the rental trap can keep you from buying. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped Jonathan Smoke, Chief Economist … [Read more...] about Careful…Don’t Get Caught in the Rental Trap!
Millennials Flock to Low Down Payment Loan Programs
A report released by Down Payment Resource shows that 65% of first-time home buyers purchased their homes with a down payment of 6% or less. The trend continued through all buyers with a mortgage, as 62% made a down payment of less than 20%, which is consistent with findings … [Read more...] about Millennials Flock to Low Down Payment Loan Programs
Do You Know the Real Cost of Renting vs. Buying?
Rent or buy. What is best for you? Some Highlights: Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a … [Read more...] about Do You Know the Real Cost of Renting vs. Buying?
First-time homebuyers. First Comes Love . . . Then Comes Mortgage?
Many first-time homebuyers are married. It is no surprise that having two incomes to contribute to monthly housing costs makes buying a home more attainable. It also makes saving for a down payment a more attainable goal. According to the National Association of REALTORS most … [Read more...] about First-time homebuyers. First Comes Love . . . Then Comes Mortgage?
