In every area of the country, homes that are priced at the top 25% of the price range for that area are considered to be Premium Homes. In today’s real estate market there are deals to be had at the higher end! This is great news for homeowners who want to upgrade from their current house […]
Homebuyers Shouldn’t Worry About 2008 All Over Again
August 5, 2019 by ·
Last week, realtor.com released a survey of active home shoppers (those who plan to purchase their next home in 1 year or less). The survey asked their opinion on an impending recession and its possible impact on the housing market. Two major takeaways from the survey: 42% believe a recession will occur this year or next (another 16% said […]
How to Put Your Housing Cost to Work for You
July 30, 2019 by ·
There has been a lot written about the benefits of homeownership. One benefit that continues to rise to the top is the added wealth homeowners gain simply by paying their mortgage while their home increases in value over time. The National Association of Realtors (NAR) recently broke down the equity gained from price appreciation and principal payments […]
Do 46 Million Millennials Know They Are Mortgage Ready?
July 24, 2019 by ·
Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream. Millennials have taken longer to obtain traditional milestones than the generations before them, such as getting married, having kids, and buying a home. However, that does not mean that they […]
TITLE INSURANCE: QUIET BUT POWERFUL PROTECTION
July 5, 2019 by ·
When homebuyers get their closing cost estimates they inevitably find that a certain portion of their funds goes to pay for title insurance. Title insurance is seen by them and often by the real estate industry as a “necessary evil,” as is insurance of any kind. What most individuals don’t realize, however, is that stories […]
First Comes Love… Then Comes Mortgage? Couples Lead the Way
June 12, 2019 by ·
According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2018 at 54% of all buyers. It is no surprise that buying a home is more attainable with two incomes to save for down payments and contribute to monthly housing costs. However, many couples […]
Whose Mortgage Do You Want to Pay? Yours or Your Landlord’s?
June 5, 2019 by ·
There are some people who haven’t purchased homes because they are uncomfortable taking on the obligation of a mortgage. However, everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business explained in their article, “12 Practical […]
7 Things To Avoid After Applying For A Mortgage
April 10, 2019 by ·
Congratulations! You’ve found a home to buy and have applied for a mortgage! You are undoubtedly excited about the opportunity to decorate your new home! But before you make any big purchases, move any money around, or make any big-time life changes, consult your loan officer. They will be able to tell you how your […]
What Credit Score Do You Need To Buy A House?
March 21, 2019 by ·
There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! Only 25% of the Americans have a FICO® Score between 740 and 800. Here is the breakdown […]
Still Think You Need 15-20% Down to Buy a Home? Think Again
February 5, 2019 by ·
According to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well. Now that the largest generation since baby boomers has aged into prime homebuying age, there will no doubt be an uptick in the national homeownership […]
