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If you’ve been looking for a way to get a little money out of your home without actually selling it, you’ve probably come across something called a Home Equity Line of Credit, or HELOC for short (pronounced “heelock”). Clear as mud, right? Now that you’re no doubt wondering what a Home Equity Line of Credit […]
Lingo – Every business has it, but when it comes to buying a home, it can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms (lingo) used when buying a home. Freddie […]
So, you’ve been searching for that perfect house to call a ‘home,’ and you’re finally making an offer! The price is right, and in such a competitive market, you want to make sure that you make a good offer. This will hopefully guarantee that your dream of making this house yours comes true! Freddie Mac covered “4 […]
Not owning your home has great financial downfalls, yet many continue renting! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “With Rents continuing to climb and interest rates staying low, […]
With housing prices appreciating at levels that far exceed historical norms, there is a general fear that the housing market is heading for another bubble. To alleviate that fear, we should just look back at the reasons that caused the bubble ten years ago. Last decade, demand for housing was artificially propped up because mortgage lending […]
Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fourth year in a row, Real Estate has come out on top as the best long-term investment! This year’s results showed that 34% […]
When it comes to Financial Planning, 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 look at several of the financial advantages of homeownership in today’s post. Financial Planning and Home Buying Points […]
PMI – Do you know your facts? Do you know what PMI is!? When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a […]
Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take you to save for a down payment in each state. Using data from the United […]
If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well, a new survey shows that when it comes to choosing a real estate agent, the […]