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60% of buyers paid for their down payment by saving according to the 2019 Profile of Home Buyers and Sellers, recently released in San Francisco at the National Association of REALTORS Convention.  The most difficult step in the process was saving for a down payment cited by 13% of respondents. ...CONTINUE READING

The largest expenditure a buyer has when purchasing a home is the down payment which can range from zero for veterans or 3.5%, 5%, 10% and 20%. ...CONTINUE READING

Non-owners' information was also reported in the 2019 Profile of Buyers and Sellers in an effort to understand aspiring buyers.  74% of those surveyed are currently renters and 26% currently live with someone else without having to pay housing costs. ...CONTINUE READING

Veterans are no longer restricted to a loan limit beginning January 1, 2020.  Previously, veterans were limited by the same restrictions set by the Federal Housing Finance Agency on conforming loans.  While these limits were national in nature, there were exceptions for high-cost counties and jumbo loan procedures. ...CONTINUE READING

Just because that convenient grinding machine in your drain is called a garbage disposer, that doesn't mean you should treat it like your garbage can. There are many things that you should simply toss out instead of washing into your sink. ...CONTINUE READING

Most people who have car, home and health insurance have probably made claims and wouldn't consider being without it.  However, it might be difficult to find a homeowner who has made a claim on their title insurance which could lead a person to think that it may not be necessary.  ...CONTINUE READING

Some people don't need a reason to buy a home, they just want it. That can be enough justification by itself. Other people need some solid logic before they're ready to make the commitment. The following reasons might help you to make a decision. ...CONTINUE READING

Before looking for a home, you need to know how much you can afford. While you may have a number in your head, the lender has the final say. Securing a pre-approval from a lender helps make the home buying process easier and helps to avoid delays. ...CONTINUE READING

Maybe you're not ready to move into it but that doesn't mean that you shouldn't take advantage of the present opportunities to acquire the home you want to live in during retirement. The combination of the low mortgage rates, high rental rates, positive cash flows and tax advantages can help you get it paid for by the time you're ready to move into it. ...CONTINUE READING

You may have noticed that REALTORS® seem to always think now is a good time to buy and they can usually justify it with solid reasoning.  While it can be true in general, a good time to buy has more to do with the individual than anything else.  There are four things to consider. ...CONTINUE READING