There are many benefits to homeownership. 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 at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that, “Low rental vacancies and a lack of […]
Thinking of Making an Offer? 4 Tips for Success
May 23, 2017 by ·
So you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market that you want to make sure you make a good offer so that you can guarantee your dream of making this house yours comes true! Freddie Mac covered “4 Tips […]
Is it YOUR turn to buy?
May 21, 2017 by ·
Learn from the comfort of your own home with our Home Buyer 101 Recorded Webinar. It’s just about 10 minutes and will guide you to many of your answers. And….it will cost you nothing, not even your contact information. And when you are ready to purchase your own home, Karen Jones, Senior Mortgage Loan […]
Know What You WANT vs. What You NEED
May 18, 2017 by ·
In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d […]
Homeownership Offers Stability & Wealth Creation
May 10, 2017 by ·
he most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are: They want the opportunity to build equity. They want a stable and safe environment. Building Equity In a recent article by The Mortgage Reports, they report that “buying and […]
3 Questions to Ask If You Want to Buy Your Dream Home
May 5, 2017 by ·
If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Ask yourself the following 3 questions to […]
Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]
April 23, 2017 by ·
![Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]](https://i1.wp.com/homeloansbykarenjones.info/wp-content/uploads/2017/03/rent-or-own.png?resize=273%2C176)
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 median-priced home (15%), the choice becomes obvious. Every market is different. Before you renew your lease again, […]
![Why Millennials Choose to Buy [INFOGRAPHIC]](https://i0.wp.com/homeloansbykarenjones.info/wp-content/uploads/2017/04/Millennials-Choose-to-Buy.jpg?resize=850%2C250)
The Connection Between Home Prices & Family Wealth
April 6, 2017 by ·
Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a $250,000 home in […]
Mortgage Interest Rates Went Up Again… Should I Wait to Buy?
March 23, 2017 by ·
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact they may no longer be able to get […]
