Understanding the Home Offer
Many homebuyers admit that making an offer on the home of their dreams was one of the most stressful experiences of their life. This is especially true if another family makes an offer on the home you are interested in. Understanding the home offer, or sales contract, is the first step in expanding your knowledge [...]
Refinancing That Makes Sense
If you’re looking to refinance your existing home mortgage, there are several basics that should be looked at before you sign on the dotted line. Speak with your mortgage lender to find out the best options for you. If you’ve been in your home for 5 years, you may want to consider refinancing. Think of [...]
Don’t Become House Poor
We’ve all heard the term house poor before, but what exactly does it mean? Being house poor means that all your income and earnings go to your mortgage, home taxes, and home repairs. Being house poor is a situation that no one wants to be in, and that everyone can avoid. Speak with your mortgage [...]
Rent versus Own: Cheaper in Big Cities
If you’re debating whether to rent or own your next home, the decision may have gotten a little bit easier for you. In a recent study it has been revealed that buying a home in a larger city may actually be cheaper than currently renting. This may be good news for first time homebuyers. Statistics [...]
Homeownership not as popular
According to recent statistics, homeownership is not as popular as it was 15 years ago. In fact, homeownership is down to rates that were once seen in 1998. So far in 2011, homeownership has dropped by almost 67 percent. The housing boom occurred in the mid-200s, and that is when we saw a peak in [...]