Saving for a house might seem difficult, especially as the economy continues to fluctuate. However, that doesn’t mean you have to give up on your home buying dreams! If you want to take your first steps towards homeownership, we have a few simple tricks that can help you build your savings account. How to Save […]
Category Archives: Financing
Mortgage 101: What To Know Before You Apply
Everybody loves talking about mortgages. They’re fun, easy to understand, and a great icebreaker, right?….Wrong. Thanks to their lengthy process, technical jargon, and confusing options, mortgages have a bit of an intimidating reputation—but it doesn’t have to be that way! If you’re in the process of buying a new home and dreading the mortgage application […]
Interest Rates Go Up, How Much Home You Can Afford Is Going Down
Real Estate news source Inman recently ran a story about the effect of our gradually increasing interest rates on home affordability. According to Inman, they are around 4.83% this year and projected to increase by around 1% to 5.38% in 2019. For reference, in 2017, interest rates were around 4.25%. These increases don’t seem like […]
Home Buying 101: The Service Providers You Need for Your Home Purchase
6 Ways to Save for Your Down Payment
6 Ways to Save Money for Your First Home
For many first-time home buyers, the idea of a 20% down payment is terrifying. It’s one of the biggest obstacles to homeownership. Maybe you want to own a home someday, but the thought of saving up thousands of dollars for a home purchase has deterred you from seriously considering it. Believe it or not, it […]
What You Haven’t Considered About Owning a Vacation Home
Wouldn’t it be great to own a place at the beach, in the mountains, or by the lake? If you are seriously considering buying a vacation home, you have probably weighed many of the pros and cons already. But you should carefully consider everything before you buy. Have you taken these additional costs and benefits […]
2015 Year in Review: The Economy and National Real Estate Market
This time of year, many people like to take a moment and reflect on the year that has passed, whether it’s reflecting on good memories or how the nation is doing financially. Today, we would like to take a moment to reflect on the economy and what this year’s trends meant for real estate. A Brief Look […]
Can You Purchase a Home Even With Student Loans?
As more millennials are preparing to buy a home, one issue is making it difficult for many — student loans. The Project on Student Debt calculated that just about 7 in 10 college graduates in the Class of 2014 had student loan debt, and on average each student had about $29,000 in loans. With mortgages often amounting […]
“Know Before You Owe”: How New Rules Could Impact Closings
If you’re a home buyer, changes to the closing process are coming in just a few day. New regulations go into effect on Saturday, October 3rd, providing new loan disclosure forms that are designed to help you better understand the terms of your home mortgage before you close on your new home. That means if you […]