Conventional wisdom, like conventional loans, can go on for decades without changes or challenges. Everyone assumes these nuggets of wisdom are true because they’ve been repeated so long and so often. But Zillow researchers used hard data to challenge some real estate assumptions and have discovered that what you think you know may not be […]
The post Busting 4 Big Myths About Buying a Home appeared first on Home Buyers Guide.
Marriage or Mortgage? The premise of the new Netflix show “Marriage or Mortgage” is simple. It pits a wedding planner against a real estate agent. The prize, if you want to call it that, is getting the spouses-to-be to go in one direction over the other. In this case, an over-the-top wedding versus a dream [&hellip
The post Marriage and Mortgage May Not Mix first appeared on The Truth About Mortgage.
The seller accepted your offer, and now you’ve just got to sign on the dotted line. Right?
There are plenty of reasons to be skeptical about taking on a major renovation project. The biggest one: It doesn’t usually pay off.
The post I Want to Buy a House, but It Needs Some Major Repairs. Is It Worth It? appeared first on Real Estate News & Insights | realtor.com®.
If youâre in the market to buy a new home or condo, youâve undoubtedly thought (or stressed) about the required down payment. It’s one of the biggest roadblocks to homeownership, and an obstacle that never seems to get any better over time. In fact, Zillow recently noted that it takes the average American over seven [&hellip
The post Mortgage Down Payment Requirements: How Much Do I Need to Put Down? first appeared on The Truth About Mortgage.
You’ve got your heart set on their home. Should you try to win them over, or just walk away?
Owning your own home is part of the American dream. But it takes more than just dreaming to buy and maintain a home. Before you take the plunge, here are some things to ask yourself. Does it make sense to buy? Buying instead of renting needs to make sense financially. To help you decide, play […]
The post Homeownership 101: Are You Ready? appeared first on Home Buyers Guide.
I guess homeownership isnât for everyone, at least if you consider a new study from LendingTree. When respondents were asked if they would âever go back to renting,â some 28% of Millennials said yes. Even worse, 10% said theyâd go back to renting this year, while 14% said theyâd ditch the mortgage for rent in [&hellip
The post More Than a Quarter of Millennial Homeowners Want to Go Back to Renting first appeared on The Truth About Mortgage.
Coming up with a down payment is probably the biggest hurdle for first-time home buyers. The recommended down payment is a whopping 20 percent. On a $250,000 home, that’s $50,000, which is more than just a few months of skipping a morning latte. In an ideal world, you would set aside a good chunk of change […]
The post Beg, Borrow or Save: Coming Up With a Down Payment appeared first on Home Buyers Guide.
The mortgage process includes a number of steps that can easily overwhelm any home buyer. The prospect of homeownership can be exciting, but as homebuyers try to find their way through this uncharted territory, they don’t want to be left feeling lost and uncertain. Luckily, there are ways for homebuyers to successfully navigate the mortgage […]
The post How to Successfully Navigate the Mortgage Process appeared first on Credit Absolute.