Every three years, the Federal Reserve conducts their Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by […]
Why Homeownership Matters Now More Than Ever
June 24, 2019 by ·
Study after study shows that no matter what generation Americans belong to, the vast majority believe that homeownership is an important part of their American Dream. The benefits of homeownership can be broken into two main categories: financial and non-financial (often referred to as emotional or social reasons.) For Americans approaching retirement age, one of […]
How to Get a Better Perspective on Affordability
June 17, 2019 by ·
Headlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate. Understandably, buying a home is more expensive now than immediately following one of the worst housing crashes in American history. Over the past decade, the market was […]
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 […]
4 Proven Ways Real Estate Can Build Sizable Family Wealth
May 23, 2019 by ·
Recently, David Greene, co-host of the BiggerPockets podcast and a nationally renowned author and speaker, wrote an article in Forbes explaining how investing in real estate could help build wealth. Many of the points he made also apply to a family owning their own home. Here are a few: 1. Appreciation “The rising of home prices over time, is how […]
Buying a House? This Should Be Your 1st Step!
May 8, 2019 by ·
In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your dream home is to learn what you can qualify for […]
VA Home Loans by the Numbers [INFOGRAPHIC]
January 13, 2019 by ·
Some Highlights: The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million veterans & 2 million active duty service members which helps them achieve their dreams of homeownership. In 2017, $189 billion was loaned to veterans and their families through the program. VA Purchase Loans are on […]
20 Tips: Preparing Your Home To Sell
December 20, 2018 by ·
Some Highlights: Before you start, prepare your plan on purchasing your new home to ensure your new financing is in place. Make your offers stronger with a Buyer Credit Approved Home Loan. When listing your house for sale, your top goal will be to get the home sold for the best price possible. There are […]
Multiple Credit Inquires…do they count?
December 19, 2018 by ·
The media, newspapers, internet are full of information, but sadly, much of the information concerning credit is inaccurate. Please enjoy this article provided by: Sal Bonanno Prime National, Inc. www.PrimeNational.com Let’s check out some common credit myths: Credit Myth: “Multiple credit inquiries will hurt your score, each and every time.” In older FCRA models, inquiries […]
