Category: First Time Home Buyers
You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]
Some Highlights Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase. And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%. Read More
Rent or Buy a home? Analyzing your fears. (Part 3 of 4)
Rent or Buy a home? What is the right choice? (Part 1 of 4) Rent or Buy a home? Weighing your commitment. (Part 2 of 4) Rent or Buy a home? Analyzing your fears. (Part 3 of 4) … (Part 4 of 4) What if the market goes down? One of the most common concerns... Read More
Homeownership Builds Your Wealth over Time [INFOGRAPHIC]
Some Highlights If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term. Read More
Why It Makes Sense To Move Before Spring
Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up. Read More
The 3 Factors That Affect Home Affordability
If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: Read More
Rent or Buy a home? Weighing your commitments. (Part 2 of 4)
Rent or Buy a home? What is the right choice? (Part 1 of 4) Rent or Buy a home? Weighing your commitment. (Part 2 of 4) Rent of Buy a home? Analyzing your fears. (Part 3 of 4) … (Part 4 of 4) It’s a common misconception that rent is “dead money,” and not owning... Read More
Pre-Approval in 2023: What You Need To Know
One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: Read More
Think Twice Before Waiting for 3% Mortgage Rates
Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans. Read More
Rent or Buy a home? What is the right choice? (Part 1 of 4)
Rent or Buy a home? What is the right choice? (Part 1 of 4) Rent or Buy a home? Weighing your commitment. (Part 2 of 4) Rent of Buy a home? Analyzing your fears. (Part 3 of 4) … (Part 4 of 4) One of the most challenging decisions to make is the choice between... Read More