Archive for May, 2017

Must Be This Tall to Ride

Wednesday, May 31st, 2017

Surely, you remember being a child at an amusement park when after having stood in line with your friends and family, waiting to get on a terrific ride, you discovered the sign that read, “you must be this tall to ride.” A remarkably similar situation occurs when people are buying a home. After finding the […]

Would-be Buyers with Student Debt

Friday, May 26th, 2017

59% of non-owners are not comfortable taking on a mortgage with their student debt according to the Aspiring Home Buyers 2017 survey. It is estimated that the college graduates have an average of $37,172 in student debt. For the 5 million borrowers who participate in the reduced payment plans, actual payments are considered for calculating […]

Good Info – Good Decisions

Wednesday, May 17th, 2017

While low inventory is certainly challenging buyers, not having a clear understanding of mortgage financing is also causing issues. By having good information, they are able to make better decisions as well as compete favorably. A variety of myths seem to permeate the market such as rates are set and released once a day; FHA […]

Reasons to Refinance

Wednesday, May 10th, 2017

Regardless of the reason to refinance a home, the basic question to ask is: “Do you plan to live in the home long enough to recapture the cost of refinancing?” There are always expenses involved in refinancing which can be paid in cash or rolled into the new mortgage. From a strictly financial standpoint, the […]

Indecision May Cost More

Wednesday, May 3rd, 2017

“More has been lost due to indecision than was ever lost to making the wrong decision.” Interest rates have as much effect on housing costs as price and when they are both trending upward, it can be very expensive to wait. If the price of $250,000 home went up 5% and the interest rate went […]

Your Tenants Will Send Your Kids to College

Monday, May 1st, 2017

Parents, with children getting closer and closer to entering college, may also be feeling stress because they haven’t saved enough for tuition and other expenses. It’s estimated that the average cost for the 2015-16 school year is $32,405 for private colleges, $9,410 for state residents of public colleges and $23,893 for out-of-state residents. Student debt […]