We recently reported that investment purchases in 2014 fell 7.4% for the year, that combined with a diminished supply of distressed inventory allowing for big profits, has real estate investors looking for a new way to make more money in 2015. So if they don’t have new properties to buy… how would they make more [...]
Some Highlights: Even a small increase in interest rates drastically impacts your budget. Securing a mortgage now while rates are still low means you can get more house for your money. Spend your money on your dream home, not on interest. Are you looking to purchase a home? Let us show you how to find [...]
Matthew Rognlie, from the Department of Economics at MIT, recently released a paper:Deciphering the Fall and Rise in the Net Capital Share. One of the major findings of the report is that homeownership is and has been for the last fifty years a major component to family wealth. An article on the study in The [...]
This month, Freddie Mac is scheduled to start buying mortgages with down payments of only three percent – the first time down payments have been this low on Freddie Mac loans in nearly five years. The program is called Freddie Mac Home Possible AdvantageSM. In a recent Executive Perspectives, Dave Lowman EVP, Single-Family Business Freddie Mac, [...]
PMI (Private Mortgage Insurance) is the biggest waste of any homeowners money ever in the entire universe and you need to get rid of it. What is PMI or MI? Isn't it insurance on the house? Doesn't it benefit me as a homeowner? PMI is insurance for the benefit of the lender. Basically what it [...]
Home Buying Checklist - The Importance of getting a home inspection. When buying a home and while in the escrow process. You're typically afforded the right to a home inspection. It is highly advisable to conduct that inspection as soon as possible once your offer is accepted. Never waive your inspection or "have a friend [...]
It's pretty obvious that any parent who owns a home has the intention of leaving that home to their children upon passing or maybe transferring as a form of a gift at some time. That is a great thing. That's what we work so hard for, to leave some sort of legacy for our children. [...]
Make Good Offers Great Offers - It can be really upsetting when after all your hunting, you finally find the perfect dream home and you lose it because of one or more simple mistakes. It's been a life long lesson that is taught in every generation but most people don't know it simply because these [...]
