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!
Real Estate
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?
