The Rental Trap!

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Be Careful Not to Get Caught in The Rental Trap! There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t get caught in the rental trap! Don’t Become Trapped  A recent article by ConsumerAffairs addressed the […]

The 5 Greatest Benefits of Homeownership

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The 5 Greatest Benefits of Homeownership Recently, Freddie Mac reported on the benefits of homeownership. According to their report, here are the five benefits that “should be at the top of everyone’s list.” Homeownership can help you build equity over time. Your monthly payments will remain stable. You may have some tax benefits. You can take pride in ownership. […]

Majority of Buyers Wrong About Down Payment Needs

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69% of Buyers are Wrong About Down Payment Needs According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, mortgage professionals say that first-time buyers still believe a 20% down payment is necessary to buy in today’s market. Nearly 40% of mortgage industry professionals surveyed believe […]

Mortgage Interest Rates Reverse Course in 2017

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  Mortgage Interest Rates Reverse Course in 2017 To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how […]

More Americans Chose Homeownership

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More Americans Chose Homeownership Over Renting a Home According to the latest report from the US Census Bureau, more Americans chose homeownership over signing a lease to rent in the first quarter of 2017. This marks the first time since 2006 that the number of new homeowner households outpaced the number of new renter households. […]

Is Now a Good Time to Rent?

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  People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent.   The Census Bureau recently released their 2017 first quarter median rent numbers. Here is […]

4 Reasons to Buy a House Today

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4 Reasons to Buy a House Today 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. 1. Buying is Cheaper Than […]