Down Payment Assistance Is Here

Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely understandable. If you don’t feel comfortable with the financial process of buying […]

Why So Much Paperwork for a Home Loan?

In 2021, the Home Loan Application is becoming even more detailed than what it is today.  Loan Officers are responsible in completing all of the information required, which is going to feel even more intense to the borrowing consumer.  It seems like lenders need to know everything about you. Furthermore, it requires three separate sources to validate […]

Questions to Ponder Before Renewing Your Lease

There are several questions to ask yourself before signing on the dotted line, especially during the COVID-19 era, with the first of which relates to your current financial situation. What are your chances of being laid off or having your pay lowered? Whether it has already happened or you fear it might, it may be […]

Are Home Prices Headed Toward Bubble Territory?

Talk of a housing bubble is beginning to crop up as home prices have appreciated at a rapid pace this year. This is understandable since the appreciation of residential real estate is well above historic annual averages. According to the Federal Housing Finance Agency (FHFA), annual appreciation since 1991 has averaged 3.8%. Here are the latest 2020 appreciation numbers […]

The Do’s and Don’ts after Applying for a Mortgage

Once you’ve found the right home and applied for a mortgage, there are some key things to keep in mind before you close. You’re undoubtedly excited about the opportunity to decorate your new place, but before you make any large purchases, move your money around, or make any major life changes, consult your lender – […]

Property Descriptions- A Language of Its’ Own

Every industry has its own vocabulary. The stock market talks in terms of “share,” “position,” “bid” and “ask.” Real estate is no different. So knowing what Realtors mean with their multiple listing lingo is a timely endeavor when looking for a home. U.S. News & World Report real estate staff writer Luke Mullins fills you in […]

Rent vs Buying

According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s a great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further. While the best timeline to buy a home is different for everyone, the question remains: Should I continue renting or is it time for […]

How To Find Your Dream Home In COVID-19

Buying a home in COVID-19 times takes a patient and a plan.  Your plan is to have your financing options in line and prepared with your Lender.  Your Lender should be reviewing the numbers with you and then ensure that your real estate agent knows what your plan is.  Once the numbers are understood, then […]

5 Powerful Reasons to Own Instead of Rent

Owning a home has great financial benefits. In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained: “Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater financial flexibility due to secured borrowing, built-in ‘default’ […]

Is Renting Right for Me?

If you’re currently renting and have dreams of owning your own home, it may be a good time to think about your next move. With rent costs rising annually and many helpful down payment assistance programs available, homeownership may be closer than you realize. According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan […]

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