3 of the Most Frequently Asked Questions Homebuyers Have

Because home ownership is such a big life step, it’s normal for it to prompt a lot of questions from prospective homebuyers. Here are three of the most frequently asked questions aspiring homeowners have. 1. Do I need a realtor? You can buy a house without the help of a realtor, but it’s a lot…

3 Reasons Why You Should Become a Homeowner

Stuck in a rental cycle and can’t get out? Not sure if you want to make the jump and take on a mortgage? There are many factors to consider when it comes to renting vs. buying. But if you’re on the fence about buying a home, it may help to start by considering the value…

What Does a Mortgage Payment Consist Of?

Do you know exactly what you’re paying for when you pay your mortgage? Understanding your mortgage payment is very important and can help you buy a home with confidence. So what does a mortgage payment consist of?   1. Principal The principal of your mortgage is the balance, i.e. how much of the borrowed amount…

What is Earnest Money and How Much Of It Do You Need?

Throughout the home buying process, you may come across terminology you’re unfamiliar with. Earnest money (also known as an escrow deposit or good faith money) is perhaps one of those terms. What is earnest money? Earnest money is an amount of money that the buyer pays to the seller to, essentially, “reserve” the house. As…

Will Student Debt Prevent You from Buying a Home?

If you are in student loan debt, you can still buy a home! Learn what options you have and how you can take this next big financial step without plunging into deeper debt.   Start with your current finances Improving your current financial situation is your best “first step” as you start looking into buying…

Mortgage Rate Forecast for 2019

Knowing the best time to buy a house is critical, particularly for your budget. This is because as the market changes, it can shift in and out of your favor, costing you less money for a home one year and more money the next. So what does this year look like for prospective homebuyers? As…

2019 Housing & Mortgage Trends You Should Know About

Considering buying or selling a home in 2019? Stay up to date on housing and mortgage trends so that you know what to expect! 1. Home prices and mortgage rates will continue rising. Unfortunately, the rise in home prices and mortgage rates makes homes not very affordable in 2019. So if you’re considering buying a…

Buying In a Pricey Location? Here’s How To Keep It Affordable.

Contrary to popular belief, affordable homeownership is possible even in pricey locations!   Think bigger While you may be tempted to only search for a smaller home in a more expensive neighborhood, it could be worth your time to think about multifamily housing! In a duplex, triplex, or four-plex home, you would live in one…

5 Factors That Help Determine Your Home Value

You’ve heard it said that a home is an investment. Check out these 5 home value trends that can determine whether or not your investment will pay off in the coming years.   1.   Thinking ahead It’s important to know what amenities are available near your home in case you choose to sell. But knowing…

4 Ways to Know Whether It’s Time to Buy a House

Buying a home is an important life decision, so here are four ways to know whether it’s time to make this long-term investment! 1.   Is your budget ready? Sitting down and calculating your savings and monthly income will give you a clear picture of what you can handle budget-wise right now. Remember, you might qualify…