FHA is a Good Option
Posted Tue, Nov 28th 2017 12:51 pm
FHA insured mortgages serve a sector of the market that is not necessarily being met by other loan programs.
Securing an 80% conventional mortgage that doesn’t require mortgage insurance may be th...
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Indecision is Not a Decision
Posted Tue, Oct 17th 2017 11:22 am
There could be some legitimate reasons for not buying a home but indecision is not one of them. Indecision is rooted in not having enough information to move forward to own a home or continue renti...
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Risk Rate Relationship
Posted Tue, Oct 10th 2017 11:56 am
Regardless of what a lender quotes on mortgage rates, the actual rate a borrower pays is based on a number of variables. Lenders determine whether to loan money and at what rate based on the risk i...
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Pre-approval is Good for Everyone
Posted Tue, Oct 3rd 2017 12:49 pm
Buyer’s mortgage pre-approval is good for everyone in the transaction. It saves time, money and removes the uncertainty of knowing whether the buyer will be qualified after negotiating a contract. ...
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Shorter Term - More Savings
Posted Tue, Aug 15th 2017 10:39 am
Whether you’re refinancing your current home or buying a new one, something worth considering is a 15-year loan rather than a 30-year term. The payments will be a little higher but you’ll get a low...
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Millennial Homeownership Rate Increases
Posted Thu, Aug 3rd 2017 9:51 am
Recent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the reports is...
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Family & Friends Mortgage
Posted Tue, Jul 11th 2017 12:25 pm
Anytime a lender and borrower can agree on rates and terms, it can be a good match but IRS has specific rules that govern the transaction especially when the parties are family or friends.
The loa...
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Down Payment Problem - Are You Sure?
Posted Thu, Jul 6th 2017 11:24 am
There is increasing difficulty for first-time home buyers to save for their down payment as indicated in the graph. Several factors that contribute to this trend include rising rents, rising home ...
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Pre-Approval Should Always Be Your First Step
Posted Tue, Jun 27th 2017 3:17 pm
In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers of...
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4 Reasons to Buy This Summer!
Posted Tue, Jun 13th 2017 1:16 pm
Here are four great reasons to consider buying a home today, instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest Home Price Index reports that home prices have appreciated by...
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Must Be This Tall to Ride
Posted Tue, May 30th 2017 11:21 am
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...
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Would-be Buyers with Student Debt
Posted Wed, May 24th 2017 12:54 pm
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 $...
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#1 Answer to the Housing Shortage: New Construction
Posted Thu, May 18th 2017 12:56 pm
The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four...
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Good Info - Good Decisions
Posted Tue, May 16th 2017 11:20 am
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 decision...
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Financial Planning: 4 Reasons to Buy a House Today
Posted Thu, May 4th 2017 11:05 am
Homeownership will always be a part of the American Dream. There are advantages to owning your own home (educational, health, social) that far transcend any economic impact. However, we want to l...
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Indecision May Cost More
Posted Tue, May 2nd 2017 12:23 pm
“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 b...
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Your Tax Return: Bring it Home
Posted Fri, Apr 28th 2017 1:54 pm
This time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with the money? GO Banking Rates recently surveye...
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