Analyzing Millennial Home Buying Behavior

A very detailed report on millennial homebuyer behavior was recently released by the Ellie Mae Millennial Tracker. The millennial group is hugely important to the American economy, particularly the mortgage market. With 70 million people, millennials are now the largest living generation. How they view homeownership and their ability to acquire credit for a mortgage…

Avoid the Top 5 Regrets of New Homeowners

After signing a mortgage, the last thing homebuyers want is a bout of buyer’s remorse. For first time homeowners, there is so much to learn and remember during the mortgage life cycle that it is easy to make some common mistakes. Be confident in your new home by avoiding the most common mistakes and regrets…

Top 5 Small Towns for Affordable Homes & Great Lifestyle

Realtor.com has recently released a list of the most affordable and best small towns to live in the United States. There are many people, including a lot of millennials, that choose small towns over large cities and less populated areas over the crowded coasts. Technology has made the world much smaller and people have a…

Homebuyers Ready to Buy Now

A recent study performed by Redfin shows an interesting trend with potential homebuyers. The study gauged whether potential homebuyers were more inclined to buy now than later. From the poll, 43% indicated that they looking to buy now. This is an increase of more than +10% compared to last year at this time. Of all…

Buy and Renovate with a Single Mortgage

One of the mainstays within real estate is the concept of a fixer-upper. This type of description often describes an older home that requires a little love and care. Whether it needs some maintenance or a complete renovation, the potential homebuyer is faced with a problem. Do they buy the home now and then save…

Rising Interest and Interested Homebuyers

On March 15, the U.S. Federal Reserve raised interest rates by a quarter of a point. While this signals their faith in the economy, it might make potential homebuyers feel a little nervous. Here are a few things to keep in mind. This Isn’t a Bad Sign In her press conference, Federal Reserve Chair Janet…

What is in a Mortgage Payment?

When finalizing the mortgage agreement to purchase a new home, many home buyers might wonder what exactly makes up the monthly mortgage payment. Most people have an idea about the principal and the interest rate, but how much of the payment applies to the home loan and how much goes to the lender in the…

Millennials: American Dream Does Not Include Home Ownership

The U.S. Census Bureau just released a report detailing homeownership. According to their findings, national homeownership in Q4 of 2016 has not changed from the same time last year or from the previous quarter. It has remained stable at 63%. This number was expected to increase after hitting a 50-year low in the middle of…

4 Ways Rising Mortgage Rates Can Be Good

Mortgage rates rose last December and by most projections, they are going to rise again in 2017. While higher interest rates can be trouble for home buyers, there are actually a number of advantages. It’s not all doom and gloom. In fact, higher rates do not necessarily mean that home buyers will have to pay…