First Time Homebuyers

Oct 02

Buy or Rent? (Video)

Buying not for everyone!    *    Which month is the best to list your home for sale?

Jun 30

2 Myths Holding Back Home Buyers

2 Myths Holding Back Home Buyers In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.” Myth #1:  “I Need a 20% Down Payment” Buyers overestimate the down payment funds needed to …

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Sep 15

What time of day to visit the home you want to buy

Visit a home you like at these times…       A neighborhood during midday can look and sound drastically different in the evening. Home buyers should spend more time scouting out the house they’re interested in at various hours of the day and night to determine if the home truly is a good fit. The …

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Sep 13

The Absolute Insanity of Not Buying a Home When You’re Young

Below is part of the article published by Tyler Tervooren from his website www.riskology.com. What do you think about his opinions? Or, are they merely opinions if based on numbers…? If you’re young—under 40 or so— …and have been heeding all the personal finance advice spewing forth from some of the most popular columnists and …

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Sep 04

Homebuying Step 3: The Search

STEP 3 The Search You’re really doing it! You know what you can afford and you’ve got your pre-approval letter. But before you buy the home of your dreams, you’ve gotta find it first. Don’ts – Don’t worry about color. It can be changed. It will be changed. Assume you will have to paint when moving …

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Nov 12

Buying a Home 35% Less Expensive than Renting

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average of 16% in Honolulu (HI), all the way to 55% in …

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Oct 28

Buying A Home Is Better Way to Produce Wealth Than Renting

According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index homeownership is a better way to produce greater wealth, on average, than renting. The BH&J Index is a quarterly report that attempts to answer the question: Is it better to rent or buy a home in today’s housing market? The index examines that entire US …

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Jul 03

Ten avoidable mistakes first-time homebuyers commonly make

1. Neglect To Clean Up Their Credit Before Applying For A Loan Source: Flickr user Simon Cunningham Unless someone has the ability to pay for the home they’re looking at in cash, they’re going to have to take out a home loan. Getting approved for a loan, how much you can take out on the loan, …

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May 12

Attaining the American Dream: The 5 Financial Reasons to Buy

Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard University expanded on the top 5 financial benefits of home ownership in his paper – The Dream Lives On: the Future of Home ownership in America. Here are the five reasons, each followed by an excerpt from the study: 1) Housing is typically …

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Apr 14

Fannie Mae launches major first-time homebuyer assistance program

  Fannie Mae announced April 14th a new HomePath Ready Buyer program under which qualifying first-time homebuyers can receive up to 3% of the purchase price of the subject property in closing cost assistance toward the purchase of a HomePath property. On a $150,000 home, this could result in up to $4,500 in savings for …

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