So you’ve decided to purchase your first home. Congratulations! Purchasing a home is a huge decision, and it can be one of the most exciting and rewarding experiences of your life. But purchasing a home requires capital, and if your savings account is looking a little trim, it means that you will have to do some budgeting in the upcoming year to make your dream of being a homeowner a...
All Generations Believe Renting Is More Affordable Than Owning—Even Though It’s Not True According to new research from lender Freddie Mac, every generation—from millennials to Gen Xers to Baby Boomers—are continuing to rent because they think it’s saving them money. From to the report, 76% of Millennials, 75% of Gen Xers, and 81% of Baby Boomers said renting was the more affordable...
Picture yourself out for a drive one weekend. You see a sign that says: New Construction Homes!Models Starting At $XXX,XXXNext Right! Maybe you’re actively looking for a house, or maybe it’s just a spur of the moment urge, but you follow the signs to the new construction model home. You park. You walk into the model home. The builder’s sales rep asks you to please sign in. You sign...
This free booklet will empower you to make the right decision for your particular situation. It will also reveal how to prevent the builder from taking advantage of you. If you’re thinking about buying a new construction house, please, PLEASE make sure you grab a copy of my booklet before just popping in to check out a builder’s model home or development. It seems harmless enough, and it...
The new year is here, and many people are starting to think seriously about their Resolutions. And while the most popular resolutions aren’t going anywhere (eat healthy, work out, spend less time in front of a screen), if you’re looking to buy a home next year, a few of your resolutions should be of the financial variety. Starting the new year off on the right financial foot by...
For many potential buyers, one of the biggest obstacles on the road to homeownership is saving for a down payment. But thanks to a new technology trend, some savvy buyers are turning to their friends, family, and social networks for help. While crowdfunding has long been a popular trend, until recently it’s been mostly limited to the business world. But according to a recent article in The Wall...
Interest rates are rising. According to Freddie Mac, the current rate for a 30-yr fixed mortgage is 4.81%, which is up a nearly a full percentage point from a year ago. While some were concerned the rising interest rates would have a negative impact on the market, particularly with first-time homebuyers, it looks as if the changes in interest rates are doing little to dampen buyer demand. According to...
If you follow pop culture news, you’d think that all millennials are concerned about is SnapChat and avocado toast. But according to a recent report, there’s something much more important on millennials’ minds these days—and that’s buying a home. According to the 2018 Home Buyer Report from NerdWallet, a whopping 82% of millennials say buying a home is a priority, significantly higher...
When you’re buying a home, you might think the price you offer is ultimately the price you’ll pay, but if you’re buying a home with a mortgage, that’s not the case. With a mortgage, in addition to paying your principal (the amount of money the bank loans you to purchase your home), you’ll also pay interest on that principal—which is why the interest rate on your loan is so...
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