Good News for Homebuyers Who Cannot Put Down 20%

It is time to dispel the myth of the 20 percent down payment. While a large down payment can help a home buyer to get more favorable loan terms, it is certainly not mandatory when buying a house, especially when it comes to first-time home buyers. “In my experience, most of my clients, especially first-time home buyers, are not aware of the different loan programs that are available with lower required down payments; or of the programs that can actually...

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3 Reasons to Purchase a Home in 2017

The good news: the economy seems to be well on the road to recovery. The bad news (for new home buyers anyway): the economy seems to be well on the road to recovery. Obviously a healthy economy in the United States is a good thing for everyone, but it certainly can make the home buying experience a bit more expensive. Here are three reasons to act now if you are thinking of purchasing a home: 1. Mortgage rates could soon...

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Housing Supply & Mortgage Rates are Down, While Demand is Up

The sun is out, birds are chirping, and prospective home buyers are venturing out to find the perfect home for their family. Home buying season starts around the same time every year, the difference this season is that there are 3 percent less homes available than last year across the country. “Low inventory, strong demand and tough competition will be defining characteristics of this year’s home shopping season,” according to Zillow Chief Economist Dr. Svenja Gudell. “Even though interest rates...

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