Some Highlights: Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. To point you in the right direction, here’s a list of some of the most common language you’ll hear when buying a home. The best way to ensure your home-buying process is a positive one is …
Category: First Time Homebuyers
May 04
Don’t Get Caught in the Rental Trap!
Don’t Get Caught in the Rental Trap! There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage. Don’t become trapped A recent article by Apartment List addressed rising rents by stating: “Rents are up 2.7% year-over-year at the national level. Year-over-year …
Mar 30
99% of Experts Agree: Home Prices Will Increase
99% of Experts Agree: Home Prices Will Increase Some believe that the combined effects of the new tax code and rising mortgage rates will have an adverse impact on residential real estate prices in 2018. However, the clear majority of recently surveyedhousing experts believe that home values will continue to rise this year. What is the Home …
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 …
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 …
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 …
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 …
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, …
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 …
Dec 19
Buying a Home with Only 3% Down Payment
Yes, you can buy your new home with as little as a 3% down payment! There is a common misconception that many buyers have regarding the down payment necessary to purchase a home. Multiple studies reveal that 40-50% of Americans believe you need between 15-20% of a down payment to be eligible to purchase a home. …
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