October 23, 2019 rummy

Money bag with the word down payment. Payment used in the context of the purchase of expensive items such as a car and a house, whereby the payment is the initial upfront portion of the total amount It could be you, someone you know or close to you who is held back because of misconception about down payment. Read more about it now, what you’ll learn may pleasantly surprise you. According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in…

October 17, 2019 rummy

Recent studies show that home equity is the top contributor to your net worth closely followed by retirement accounts, stocks and mutual funds, assets at financial institutions and the rest. Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of the U.S. Census Bureau, shared the biggest determinants of wealth, “The biggest determinants of household wealth [are] owning a home and having a retirement account.” (Shown in the graph below): This does not come as a surprise, as we often mention that homeownership can help you to increase your family’s wealth. This study reinforces that idea, “Net worth is an…

October 15, 2019 rummy

There are plenty of factors influencing your mortgage pricing, one of them is property tax. Let’s find out exactly how property tax makes your monthly payment go up or down. When applying for a mortgage, you’ll see one of two acronyms in your paperwork – P&I or PITI – depending on how you’re including your taxes in your mortgage payment. P&I stands for Principal and Interest, and both are parts of your monthly mortgage payment that go toward paying off the loan you borrow. PITI stands for Principal, Interest, Taxes, and Insurance, and they’re all important factors to calculate when…

October 9, 2019 rummy

Ever wonder what happens during a home inspection? What preparation should you do? What are the things you should expect? When is the best time to do it? Who should do it? Well, you’re in luck as you will learn exactly everything there is to know about home inspections. How to Choose an Inspector Your agent will most likely have a short list of inspectors they’ve worked with in the past to recommend to you. HGTV suggests you consider the following five areas when choosing the right home inspector for you: 1. Qualifications – Find out what’s included in your…

October 1, 2019 rummy

Fall has arrived and you may be one of the many Americans who are still undecided if they should sell their house or wait until next year. Let us help you come up with a decision with these awesome reasons to sell this fall. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase…and are in the market right now. More often than not, in many areas of the country, multiple buyers…