by [email protected] | Mar 15, 2024 | Uncategorized
Less-than-perfect credit? Buyers with less-than-perfect credit may think they’re ineligible for a mortgage. There are various loan options available for individuals with different credit profiles.
by [email protected] | Mar 13, 2024 | Uncategorized
Adapting to Life’s New Chapters All of us encounter major life events and they have the possibility of disrupting our lives temporarily, if not permanently. The homes we live in may have met our needs originally but due to a change in our life, it may no longer...
by [email protected] | Mar 4, 2024 | Uncategorized
What is Debt-to-Income Ratio? Lenders prefer a debt-to-income ratio of 43% meaning your total monthly debts including housing should not exceed 43% of your total income.
by [email protected] | Feb 28, 2024 | Uncategorized
The relationship between homeownership and net worth During the span between 2019 and 2022, the COVID-19 pandemic significantly disrupted both society and economic activities. Nevertheless, the latest Survey of Consumer Finance, which has recently been unveiled,...
by [email protected] | Feb 13, 2024 | Uncategorized
Bridging Wealth Gaps: Homeownership’s Stand Against Inflation In a world of economic uncertainties and inflationary pressures, owning a home emerges not just as a source of stability but also as a strategy for long-term financial prosperity.
by [email protected] | Feb 12, 2024 | Uncategorized
Access “Trapped Equity” without Refinancing Many homeowners would like to cash out part of their equity but feel trapped because they don’t want to trade an historically low interest rate for one that is as high as it’s been in 20...
by [email protected] | Feb 12, 2024 | Uncategorized
Find out before you file a claim It is important to understand the coverage of your home insurance so that you know what is and is not covered in the event of a loss.
by [email protected] | Feb 9, 2024 | Uncategorized
Rule of Thumb on Buyer’s Closing Costs Buyer’s closing costs, as a rough rule of thumb, can range from 3-5% of the purchase price.
by [email protected] | Feb 7, 2024 | Uncategorized
How Home Value Growth Beats Renting Over the last 60 years, the average sales price of homes has appreciated at a rate of 5.56% annually, according to the Federal Reserve Economic Data. During the same period, rent has increased at a rate of 3.88% annually which...
by [email protected] | Feb 5, 2024 | Uncategorized
Homes are powerful wealth builders Over the past sixty years, homes have appreciated in value at an annual appreciation rate of 5.56% according to the Federal Reserve Economic Data.
