Have You Budgeted for Closing Costs?
Saving for a down payment is a key step in the homebuying process, and it’s not the only piece you need to include in your budget. Another factor that is important to plan for is the closing costs required to obtain a mortgage. What Are Closing Costs? According to Trulia, “When you close on a home, […]
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Millennials Are on the Move as First-Time Homebuyers [INFOGRAPHIC]
Some Highlights: According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time homebuyers is 32. With more millennials entering a homebuying phase of life, they are driving a large portion of the buyer appetite in the market, keeping buyer activity strong. More and more “old millennials” (ages 25-36) are realizing that […]
This is Not 2008 All Over Again: The Mortgage Lending Factor
Some are afraid the real estate market may be looking a lot like it did prior to the housing crash in 2008. One of the factors they’re pointing at is the availability of mortgage money. Recent articles about the availability of low-down payment loans and down payment assistance programs are causing concern that we’re returning […]
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