Monthly Archives: October 2015

October 2015

So You Want To Help Your Adult Child Buy A Home…

By |October 20th, 2015|

Owning a home has long been part of the American dream. And, as rents continue to escalate while interest rates remain low, it also makes financial sense. Still, many of today’s younger generation hesitate to make the move. High student loan debt, stricter lending requirements and large rent payments can make it challenging. Often, […]

The Seller’s Market

By |October 16th, 2015|

The National Association of Realtors (NAR) recently reported that the inventory of homes for sale is low. In a balanced market, a 6-month supply of available homes is the norm. Currently there is only a 4.8-month supply of homes available. If you are debating selling your home this year, it might be time to meet with a local real estate professional who is able to tell you what price homes similar to yours are selling for as well what price you might expect. […]

What Do New Buyers Look for in a Home?

By |October 16th, 2015|

Young adults are the most prominent segment of the population buying homes these days. The features they are seeking have universal appeal and are likely to make a home sell quickly. The most sought after elements bring luxury to the home, make the home fun to entertain in, and a private place to relax. With the advent of TV shows featuring high-end home upgrades or how to get that look for less, many new buyers are looking for upgrades that make their home feel special. […]

Home Ownership – A Painless Way To Build Wealth

By |October 13th, 2015|

When I hear the term building wealth, I still think it applies to the wealthiest 1% in the United States. What I fail to remember is the role that home ownership plays in helping to build personal wealth, even mine.

Now, when I use the word wealth, I mean it in a humble way. I am not rich by any standard but I am better off than my parents were, and more fortunate than many other people my age. My major asset is the equity that I have in my home. I bought carefully, and I didn’t buy when the market was in a frenzy. That just never made sense to me. […]

Buy Again: Starting Over After Financial Crisis

By |October 13th, 2015|

I’ve been in the mortgage business for a number of years and the folks who my heart goes out to are those who have suffered extenuating circumstance that resulted in them losing their home via bankruptcy or foreclosure. The stress of losing your home can be overwhelming, but there is good news. You can work to pull your finances together and to start again.
 
The good news is that if the hardship was the result of an extenuating circumstance the waiting periods to qualify for a new loan may be reduced. Contact Advantage Home Plus for details. To see the general guidelines for the FHA, VA, Fannie Mae loans…. […]