Buying Myths

NOT Owning Your Home Can Cost You a Lot of Money!

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy /

\"NOTOwning a home has great financial benefits, yet many continue to rent! 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. Realtor.com/ recently reported that: “Buying remains the more attractive option in the long term – that remains […]

NOT Owning Your Home Can Cost You a Lot of Money! Read More »

Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing /

\"FreddieRecently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year. Many believe that an increase in mortgage rates will cause a slowdown in purchases which […]

Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices Read More »

The Mortgage Process: What You Need to Know [INFOGRAPHIC]

Buying Myths, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers /

\"The

Some Highlights:

  • Many buyers are purchasing a home with a down payment as little as 3%.
  • You may already qualify for a loan, even if you don\’t have perfect credit.
  • Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

The Mortgage Process: What You Need to Know [INFOGRAPHIC] Read More »

2 Major Myths Holding Back Home Buyers

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers /

\"2Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.” Myth #1: “I Need a 20% Down Payment” Buyers often overestimate the down payment funds […]

2 Major Myths Holding Back Home Buyers Read More »

Why Getting Pre-Approved Should Be Your First Step

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers /

\"WhyIn many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for […]

Why Getting Pre-Approved Should Be Your First Step Read More »

The Real Reason Home Prices are Increasing

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing /

\"TheThere are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are […]

The Real Reason Home Prices are Increasing Read More »

The Cost of NOT Owning Your Home

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy /

\"TheOwning a home has great financial benefits, yet many continue to rent! 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: “In reality, buying or renting a home is an intensely personal decision, […]

The Cost of NOT Owning Your Home Read More »

Bubble Alert! Is it Getting Too Easy to Get a Mortgage?

Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers /

\"BubbleThere is little doubt that it is easier to get a home mortgage today than it was last year. The Mortgage Credit Availability Index (MCAI), published by the Mortgage Bankers Association, shows that mortgage credit has become more available in each of the last several years. In fact, in just the last year: More buyers […]

Bubble Alert! Is it Getting Too Easy to Get a Mortgage? Read More »