Tax deductions from mortgage interest and property taxes The freedom to make the place your own through decorating/remodeling A safe place to raise a family, a yard to relax in Easier to have pets Have a place of your OWN, no shared walls! Predictable payments, not rising rents Stability of calling one place home The […]
Real estate can be a complicated process and years may pass between times people buy and sell. Are there terms agents and mortgage brokers use that you are unfamiliar with? It’s possible. Here are a few real estate terms and their explanations. Data from Fannie Mae and Realtor.org Acceleration clause: This relates to a […]
You have decided “enough is enough” with rising rents – time to get a place of your own! That’s a great first step, but what else should you do when you are getting ready to buy your first home? Know your credit Credit scores are an important part of your financial picture. Check your credit reports […]
Many potential homebuyers are paying big money in rent these days. A recent study showed that 1 in 4 renters spent half their pay on housing costs. Would your monthly payment be less with a mortgage or a rent payment? This answer will vary by how much you are currently paying in rent, what the […]
In a competitive real estate market like we are in right now – with multiple offers and buyers fighting over homes – there’s never been a better time to sign a Buyer Agency agreement. In the traditional home buying process, a real estate agent who is working with a buyer without an agency contract is, by […]