Report: Buyers Are Putting More Money Down

Average down payment percentages on conventional 30-year fixed-rate mortgages were on the rise in the third quarter as housing demand and buyer competition increases, according to a new report by LendingTree. The average down payment percentage rose to 17.63 in the third quarter, up from 16.29 … [Read more...]

Buying a Home Remains 35% Less Expensive than Renting!

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average of 16% in … [Read more...]

Billionaire Says Real Estate is Best Investment Possible

Billionaire money manager John Paulson was interviewed at the Delivering Alpha Conference presented by CNBC and Institutional Investor. During his session he boldly stated: "I still think, from an individual perspective, the best deal investment you can make is to buy a primary residence that … [Read more...]

Mortgage Interest Rate Impact on Family Wealth

With interest rates still in the low 4%’s, many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year. If you look at what the experts are predicting for 2015, it may make the decision for you. Predictions for 2015 3Q: 4.6% - Fannie Mae 4.8% … [Read more...]

Why It Pays to Be a Home Owner

Home owners are building net worth at a pace that is up to quadruple that of a renter. Tips for Renters 10 Ways to Prepare for Home Ownership Tax Benefits of Home Ownership You Don't Need That Much of a Down Payment In the past 15 years, the net worth of the typical home owner has … [Read more...]

Regardless, you are still paying a mortgage

There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s. As a paper from the … [Read more...]

Rental Affordability Crisis Spreads to Middle America

Skyrocketing rents continue to plague renters, and the problem is going to only get worse all over the country. “Overall, housing dynamics are currently changing,” Mark Fleming, CoreLogic’s chief economist, said last month during panel hosted by CoreLogic and the Urban Institute. “Rental … [Read more...]

Fixed-Rate Mortgages Tick Up Just Slightly This Week

Borrowing costs inched up moderately on fixed-rate mortgages, but still remain lower than last year’s averages, Freddie Mac reports in its weekly mortgage market survey. More on Mortgage Rates: Refi Applications Boost Loan Demand Understanding and Combatting the Rate Lock-in … [Read more...]

Buying a home? You don’t need to do it alone.

Last week, Discover Home Loans released an interesting survey which revealed how prepared home buyers are for the actual mortgage process. The survey reported that 94 percent of prospective buyers believe they are making a good investment decision if they buy a home. The survey also explained that … [Read more...]

Renters – either way you are paying for a mortgage

There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with our parents rent free, you are paying a mortgage - either your mortgage or your landlord’s. As a recent paper from … [Read more...]