Monthly Archives: October 2015

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Buying A Home Can Be SCARY… Until You Know The FACTS! [INFOGRAPHIC]

Some Highlights: 36% of Americans think they need a 20% down payment to buy a home. 44% of Millennials who purchased a home this year have put down less than 10%. 71% of loan applications were approved last month The average credit score of approved loans was 723 in September (the lowest recorded score since [...]

By |2018-11-16T14:37:47-04:00October 23rd, 2015|For Buyers, Infographics|0 Comments

Here Come the Millennials!!

Many have been wondering when the much anticipated move by Millennials’ into homeownership would actually take place. We know the belief in owning a home is there. According to a recent Merrill Lynch study, eighty one percent of Millennials believe “homeownership is an important part of the American Dream”. This compares favorably to previous generations. [...]

Family Wealth Grows as Home Equity Builds

With residential real estate values rising quite substantially in most parts of the country over the last few years, many homeowners are seeing a major increase in their family’s wealth as equity continues to build in their house. A recent study by the Joint Center of Housing Studies at Harvard University revealed that home equity [...]

By |2018-11-16T14:37:47-04:00October 21st, 2015|For Buyers|0 Comments

Applying For A Mortgage: Why So Much Paperwork?

We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told [...]

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 Honolulu (HI), all the way to 55% in [...]

By |2018-11-16T14:37:48-04:00October 19th, 2015|First Time Home Buyers, For Buyers|0 Comments
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