Luxury Home Prices Up 7.5 Percent
Luxury home prices recorded a year-over-year boost of 7.5 percent during the second quarter and reached an average of $1.79 million, according to data released by Redfin. In comparison, the average…
Be Careful Not To Get Caught In The Rental Trap!
There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of…
Buying Is Still Better Than Renting in Most States
Affordability challenges are weighing on the housing market, as many homebuyers and sellers contend with either being unable to compete or to find a new home within reach. Buying a home, however,…
This year will probably be the biggest year for homebuilders in a decade
Rising demand calls for new construction After housing starts increased in June, experts weighed in, explaining why 2017 could be the best year for new construction in a decade. Experts explained the…
84% of Americans Believe Buying a Home is a Good Financial Decision
According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest…
What’s Included in My Monthly Mortgage Payment?
If you are interested in buying a home and you plan to finance your home with a mortgage or home loan, a monthly mortgage payment is likely in your future. For…
Millions will suddenly qualify for home loan this month
During May, two major changes will allow millions of new borrowers to enter the housing market. The first change to take effect this month is the nation’s three major credit…
How American Mortgage Corporation Gets You Approved When Other Lenders Said No
If Denied, Try, Try Again Almost one-in-four home purchase applicants is denied, according to mortgage software company Ellie Mae. Even more homeowners are turned down when it comes to refinance…
How to Drop Private Mortgage Insurance (PMI)
Private mortgage insurance protects your lender in case you default on your home loan — and you have the privilege of paying for that protection. Your lender will typically require…
How Do I Use A Home Equity Line As Your Down Payment
HELOC: Most Homeowners Don’t Use Them For This A home equity line of credit (HELOC) works great for home improvement projects or to consolidate debt. But most homeowners never use…