6 Best States for First Time Homebuyers

Saving up enough money to buy a home can be challenging for most anyone, but that burden is particularly heavy for first-time homebuyers. Just coming up with the whopping twenty percent down payment.  Over half of Americans do not even have one thousand dollars in savings much less fifty to eighty thousand lying around for a down payment.

The good news is you may not necessarily need the full twenty percent down if you are a first-time homebuyer.  The average down payment is more around eleven percent, and among buyers under the age of thirty-five, it is even lower at around eight percent.  However, even at eight percent in some areas like Los Angeles, San Francisco, or New York City eight percent is can still hover around forty to fifty thousand dollars.

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Prepping to Buy a Home

If you are a buying a house for the first time, you must prepare for some additional, unexpected expenses. When buying a home, there are almost always additional costs you will incur that you had not thought about before buying.  We know you were excited because you found that ideal home at the right place in the right neighborhood with almost all those features you had on your checklist.  Be careful though because you do not want to end up paying a ton of money unexpectedly right after you move in.

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How a Cosigner’s Credit Score can Affect your Home Loan

When buying a home with a co-borrower, it is essential to know how both of your credit scores can affect your loan. We are going to address issues such as how much the credit score of each borrower affects the loan? Does having a cosigner change how much we can borrow? What about the interest rate? There are numerous areas of confusion around these topics and many others on the subject of home loans with more than one borrower.
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6 Steps to Save Money for a Down Payment

One of the most significant hurdles to overcome when buying a home is saving enough money for a down payment.  Second behind that is poor credit which we talk about here.  Saving money is hard and when it comes to keeping more of their hard earned money the majority of Americans are all in the same boat. Take a look at this recent survey which suggests a surprising 57 percent of Americans have less than 1000 dollars in savings, and a staggering 39 percent have no savings at all.  The struggle to save money in today’s economy is a genuine struggle.
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Great Decorating Ideas Under $500

There is no time like the present to add some style to a bare wall. Today we are examining a few great design ideas for adding some fantastic and beautiful decor to any area of the home that needs a little warmth and color during these grey, cold winter months. Not only are these ideas stylish and comforting but they are also affordable.

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Rent to Own Homes in Bakersfield, CA

Californians know that Bakersfield is the best place to stop on a road trip between Sacramento and Los Angeles.  But Bakersfield’s location has given the city a thriving job market and a healthy economy through the agriculture and oil industries.  Bakersfield is one of the most affordable places to buy a home in California, and it has a strong sense of community that makes it a great place to raise a family and settle down.

The entire San Joaquin Valley in the heart of California is a bit like Texas.   Oil fields, crops and livestock litter the entire valley along with Bars and boot-scootin’ honky-tonks.  But true to California, the locals here have embraced the idea of locally sourced fresh food and vegetables.

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Rent-to-Own Homes in Orlando

Every year more than 50 million people visit Orlando, FL.  Most of those visitors head to golf courses, resorts, entertainment venues, or theme parks.  However, Orlando is far more than just a pure tourist attraction, the cities wild growth and surge in population signals a healthy economy and a desirable place to call home.

Orlando is projected to become one of the hottest real estate markets in the country in 2018. An unexpected shift to say the least since the Orlando Metro area led the nation in foreclosures just three years ago. However, Analysts at Zillow are expecting a near six percent increase in prices. That rise would put Orlando a full point above the national expected average growth and mark it as the #1 city in America regarding price increases but still leaves Orlando well below its price peak from 11 years ago. (more…)

7 Steps for Buying a Home in the New Year

Happy New Year!  Welcome to 2018.   Glad you made it.   Here’s to another great year for you and yours.
If you have been waiting to buy or rent-to-own a home, then let’s take some steps this new year to get you into a home of your own.   This year’s housing market is looking to grow yet again though overall growth is beginning to show signs of leveling out.  2018 should be a great year to fulfill that life long goal of becoming a home-owner

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Renting Spikes Among the Old and Wealthy

Several housing blogs from around the country have recently released articles talking about a critical aspect of a report published by Harvard’s Joint Center for Housing Studies.  The report has shown that high-income households which now live in rental properties have more than doubled since this time ten years ago.

Some industry blogs and standard news outlets are quick to explain this surge with their own set of talking points.   Often you’ll hear talk about how people are just weary of owning and believe that renting is preferable and in some cases more affordable than owning a home.   Some even claim the spike is due to the attitudes of baby boomers since the housing crash, not coincidentally, about a decade ago
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How the GOP Tax Plan will Affect Homeowners

The  Tax Bill recently introduced by Republicans in Washington is raising some concerns for Americans about whether or not they want to own a home.

The bill would limit the cap on deducting state and local taxes (SALT) down to $10,000 leaving many homeowners in the states with highest tax rates feeling quite wary about how much they’ll owe in taxes next year and the years to come. Many homeowners living in suburban cities pay more than $10,000 in property taxes yet have incomes around $75,000.
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