Category Archives: Home Buying

Must Be This Tall to Ride

May 30, 2017

Surely, you remember being a child at an amusement park when after having stood in line with your friends and family, waiting to get on a terrific ride, you discovered the sign that read, “you must be this tall to… Read More »

Would-be Buyers with Student Debt

May 22, 2017

59% of non-owners are not comfortable taking on a mortgage with their student debt according to the Aspiring Home Buyers 2017 survey. It is estimated that the college graduates have an average of $37,172 in student debt. Fannie Mae, who… Read More »

Good Info – Good Decisions

May 14, 2017

While low inventory is certainly challenging buyers, not having a clear understanding of mortgage financing is also causing issues. By having good information, they are able to make better decisions as well as compete favorably. Most buyers don’t realize how… Read More »

Indecision May Cost More

April 30, 2017

“More has been lost due to indecision than was ever lost to making the wrong decision.” Interest rates have as much effect on housing costs as price and when they are both trending upward, it can be very expensive to… Read More »

Would-be to Should-be

April 24, 2017

Some would-be buyers have emotional reasons to own a home like having a place of their own where they can raise a family, feel safe and secure and enjoy their friends’ company. Other buyers’ dominant reasons might be financial in… Read More »

Rentals are IDEAL

April 2, 2017

Rental homes are the IDEAL investment because they offer a higher rate of return than other investments without the volatility of the stock market. With certificates of deposit and bonds at less than 2%, people need an alternative investment that… Read More »

Save the Cost of Mortgage Insurance

March 27, 2017

During the banking crisis in the Great Recession, certain types of mortgages were unavailable that are once again being offered. Fortunately, the 80-10-10 mortgage is one of those making a reappearance and it can save borrowers a considerable amount of… Read More »

Before You Pay Cash for a Home

March 5, 2017

The National Association of REALTORS® reports in its 2016 Profile of Home Buyers and Sellers that 12% of all buyers paid cash for their home. Before paying cash for a home, a buyer should decide if they might put a… Read More »

Home Buyers – What Would You Give in Order to Buy a Home?

February 8, 2017

Yogi Berra said he’d give his right arm to be ambidextrous. While most first-time home buyers are not going to that extreme, it is interesting to see what sacrifices are being made according to the National Association of REALTORS® 2016 Profile of Home… Read More »

Rent or Buy – You Pay for the Mortgage on the House You Occupy

January 7, 2017

The ironic thing about people who think they can’t afford to buy a home for themselves, end up buying the home for their landlord. There are several facts that support this notion.  Weather you rent or buy, you are paying… Read More »