There are many millennials that are considering purchasing their own place and there are good reasons for why they would want to do just that. Overall family wealth is just one of the reasons why. Did you know that there are loan programs that assist with down payment needs as well as 100% financing programs […]
NOT Owning Your Home Can Cost You a Lot of Money
July 20, 2018 by ·
Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Realtor.com recently reported that: “Buying remains the more attractive option in the long term – that remains […]
What Should You Look for In Your Real Estate Team?
July 15, 2018 by ·
How do you select the members of your team who are going to help make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender? The most important characteristic that you should be looking for in your agent and […]
Top Reasons to Own Your Home
June 30, 2018 by ·
Karen Jones is a Licensed Mortgage Loan Officer (NMLS 307015) located in Phoenix and serving Arizona and California consumers with their home lending needs. As a Banker of over 39 years, Karen is dedicated in ensuring that her clients are well educated and prepared for their new home purchase. Learn more about our 100% Financing programs and obtain your Buyer […]
Message for Millennials
June 1, 2018 by ·
CNBC ran an article quoting self-made millionaire David Bach explaining that not purchasing a home is “the single biggest mistake millennials are making” because buying real estate is “an escalator to wealth.” Bach went on to explain: “If millennials don’t buy a home, their chances of actually having any wealth in this country are little […]
Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 Years
May 5, 2018 by ·
If you are considering selling your current home, to either move up to a larger home or into a home in an area that better suits your current family needs, great news was just revealed. Last week, Trulia posted a blog, Not Your Father’s Housing Market, which examined home affordability over the last 40+ years (1975-2016). Their research revealed […]
How Rising Prices Will Help You Build Family Wealth in 2018
January 15, 2018 by ·
Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% 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 purchases and closes on a $250,000 home this […]
Don’t Let Fear Stop You from Applying for a Mortgage
December 5, 2017 by ·
A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be. In order to qualify in today’s market, […]
Net Worth of Homeowners is now 44X Greater than Renters
November 10, 2017 by ·
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released in September 2017. The study revealed that the 2016 median net worth of homeowners was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased […]
Be Careful Not to Get Caught in The Rental Trap
October 10, 2017 by ·
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 A recent article by ConsumerAffairs addressed the continuous rise in rents, stating: “The cost of putting a roof over your head continues to go […]
