Tag - homeownership

Can I Still Buy a House with Low Income?

I love, LOVE talking to people wanting to buy a house, and especially for the first time. I love problem-solving and figuring out solutions that will really work for my clients, and not just immediate but for the future too.  I want all my clients, whether they are ready to buy now or not, to start now with great steps to be a homeowner in the next 3 months, 6 months or year. That's what I do! Not just provide you with the right loan for now, but help you plan and take steps that will help you be a [...]

How Renters Can Come Up with a Down Payment

How Renters Can Come Up With a Down Payment

Oh, that darn down payment. The reason a lot of people simply cannot buy a house. That down payment is a huge amount to save up for a put down on a house and unfortunately is one of the main reasons many people do not move from renting to buy. Embedded from MGIC Connects But, there are a lot of other options when it comes to coming up with a down payment. Yes, you do need a little bit of money in order to make a down payment on a home, but this is simply smarter financial management. If you have [...]

Should You Pay Off Your Mortgage As Quickly as Possible?

This has been an interesting topic as of late. I've seen articles and questions roaming around asking, 'if you're wealthy, shouldn't you just pay off your mortgage?' and such... but is it always a good idea to pay off your mortgage as fast as possible or should you leverage your home as long as you can? The theory of paying off your mortgage and 'home debt' sounds like a great plan, right? But there are many reasons why you may not want to do so. Many wealthy people make their money work for them and this means figuring out the cost [...]

10 Reasons Homeownership Is Better Than Renting

10 Reasons Homeownership Is Better Than Renting

So you are feeling uncomfortable taking the leap into the obligations of a new home and mortgage? Are you nervous about homeownership? Realize, unless you are living rent free with your parents, you ARE paying a mortgage... your landlord's. Take a look at these 10 reasons why and you might just go for it and become a first time homeowner! In a nutshell from the Joint Center for Housing Studies at Harvard University: “Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while [...]

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