If you’re a first-time home-buyer who has succeeded in saving enough for a down payment on your very first home - congratulations! You did your homework prior to starting your home search and realized you don’t need 20% for a down payment on your first home. You’ve tackled one of the hardest ... » Learn More about A Strategy for First-Time Home-buyers
Buying a home 2018
Millennials bypass the ‘starter home’
Millennials have waited longer than past generations to leap into home-ownership. And, while they wait, that has apparently ratcheted up their expectations over what that first home may be like for when they finally dive right in. 45% of millennials want to bypass the ‘starter ... » Learn More about Millennials bypass the ‘starter home’
Cash-Strapped Consumers
Anyone who has ever saved the cash for a down payment for a home knows it’s tough - specifically for first-time home-buyers. In 2018, the National Association of Realtors (NAR) discovered that for 13% of first-time home-buyers, said the most challenging component of the home-buying process was ... » Learn More about Cash-Strapped Consumers
DACA ‘dreamers’ could have issues
The press recently reported that the Federal Housing Administration (FHA) changed its position on the eligibility of Deferred Action for Childhood Arrival (DACA) home loan borrowers, which brought the challenge to national attention. Three U.S. senators sent a letter to the Department of Housing and ... » Learn More about DACA ‘dreamers’ could have issues
Mortgage rates report largest drop
Purchasing a home just became a lot cheaper, thanks mostly to the Federal Reserve's decision last week to place its interest rate hikes on hold for the time being. Mortgage buyer Freddie Mac said Thursday that the average 30-year fixed rate mortgage plunged to 4.06 percent this week, below 4.28 ... » Learn More about Mortgage rates report largest drop