Category: buying-a-house

First Comes Love…Then Comes Mortgage? Couples Lead the Way

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First Comes Love… Then Comes Mortgage? Couples Lead the Way According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2018 at 54% of all buyers. It is no surprise that buying a home is more attainable with two incomes to save for down … Continued

Why Homeownership Matters Now More Than Ever

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Why Homeownership Matters Now More Than Ever Study after study shows that no matter what generation Americans belong to, the vast majority believe that homeownership is an important part of their American Dream. The benefits of homeownership can be broken into two main categories: financial and non-financial (often referred to as emotional or social reasons.) … Continued

How to Get a Better Perspective on Affordability

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How to Get a Better Perspective on Affordability Headlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate. Understandably, buying a home is more expensive now than immediately following one of the worst housing crashes in American … Continued

One More Time… You Do Not Need 20% Down to Buy a Home

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One More Time… You Do Not Need 20% Down to Buy a Home The largest obstacle renters face when planning to buy a home is saving for a down payment. This challenge is amplified by rising rents, which has eaten into the amount of money renters have leftover for savings each month after paying expenses. … Continued

Whose Mortgage Do You Want to Pay? Yours or Your Landlord’s?

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Whose Mortgage Do You Want to Pay? Yours or Your Landlord’s? There are some people who haven’t purchased homes because they are uncomfortable taking on the obligation of a mortgage. However, everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As … Continued

A Beginners Guide To Home Buying In Metro Detroit Michigan

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First-time home buyers usually find the whole process more than a little intimidating and daunting and so have tons of questions they need answers to. There is indeed a lot to understand and many pieces that have to be in place. Otherwise, you run the risk of making an enormously costly mistake in the largest … Continued

A Beginners Guide To Financing Property In Michigan

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Whether you’re an investor or buying a home to live in, you have to have money to make the purchase. And very few of us have enough capital to just pay cash, so we usually have to borrow at least some of the money. With all the financial jargon and all the hoops to jump … Continued

Do You Prefer the Charm of an Existing Home?

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Do You Prefer the Charm of an Existing Home? When homebuyers begin their research, they want to see all their available options! In many cases, they will include both new construction and existing homes in their search; but is a new construction home really the house of their dreams? According to a recent survey by … Continued

The Importance of Homeownership to the American Dream

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The Importance of Homeownership to the American Dream For centuries, people in this country have seen homeownership as part of the American Dream. Whether they were born here or immigrated from another country, they wanted to own a piece of America. With so many prominent societal changes over the last few decades, it is fair … Continued

What is the Cost of Waiting Until Next Year to Buy?

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What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% … Continued
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