Buying a home is one of life's most exciting experiences. However, financing a home purchase is solely fact-based, with lenders basing their decision on documentation. So, here are six basic requirements to finance your home purchase. Credit Score Many people who want to buy a home believe they need a [...]
Zillow’s recent analysis revealed the potential impact of President Joe Biden’s proposed tax credit for first-time buyers. According to Zillow, a $15,000 tax credit, which would be refundable and advanceable, could provide the ability for millions of renters to enter first-time homeownership. With housing affordability a concern [...]
According to the Urban Institute’s “Millennial Homeownership” report, Millennial homeownership is 8% lower than Gen X and Baby Boomers. With Millennials currently constituting America’s largest demographic, these lower generational ownership rates mean around 3.4 million fewer people are buying a home in the U.S. The postwar economic boom was a [...]
Buying a home can be stressful for both first-time and experienced homebuyers. Researching the market, filling out mortgage applications, and finding the right home all take time and effort. Here are six steps to follow when buying a home. Steps to Follow When Buying a Home #1 Find the Right [...]
Although housing prices are rising while the effects of COVID-19 are being felt in the market, Veterans are optimistic about homebuying in the 2021 housing market. According to the Veterans United Home Loans National Survey, approximately 1 in every 3 Veterans plans to buy a home this year. The [...]
Buying a home is one of the most significant decisions and investments a person can make. When an offer for a house is accepted, but before the sale is closed, a homebuyer should do their due diligence and get the home inspected. A home’s problems may not be immediately apparent [...]
For many people buying a freshly built home is a dream. It’s a fresh new canvas for the owner to make into their own home. However, without the right guidance, this dream can quickly turn into a nightmare. So, here are the top things to know when buying new-construction homes. How [...]
As a first-time homebuyer, you are starting an exciting process that can be daunting at times. However, you can speed up the homebuying journey and avoid heartache by familiarizing yourself with these top first-time homebuyer mistakes ahead of time. Mistake #1: Overspending on a Home Overspending on a home happens [...]
For generations, part of the American Dream is to own a home. However, first-time homebuyers face various obstacles that often result in renting for longer while struggling to buy their first home. The median age of a first-time buyer has increased to 33, which is the highest in decades. What [...]
Buying a home is a long-term financial commitment. So, it’s important to know whether you're ready to buy a home, or if you should continue to rent. Buying vs. Renting A major benefit of owning a home is the accumulation of equity. A portion of every mortgage payment, in most [...]
