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Archives

The Perks of Putting 20% Down on a Home

December 22, 2021 - General Information
If you’re thinking of buying a home, you’re probably wondering what you need to save for your down payment. Is it 20% of the purchase price, or could you put down less? While there are lower down payment programs available [...] Read More
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Monica Foster December 22, 2021

Why It Just Became Much Easier To Buy a Home

December 7, 2021 - General Information
Since the pandemic began, Americans have reevaluated the meaning of the word home. That’s led some renters to realize the many benefits of homeownership, including the feelings of security and stability and the financial benefits that come with rising home [...] Read More
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Monica Foster December 7, 2021

Tips for Single Homebuyers: How To Make Your Dream a Reality

December 2, 2021 - General Information
If you’re living on your own and looking to buy a home, know that you can make your dream a reality with thoughtful planning and the right team of experts. Research from Freddie Mac shows 28% of all households (36.1 [...] Read More
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Monica Foster December 2, 2021

VA Loans: Helping Veterans Achieve Their Homeownership Dreams

November 11, 2021 - General Information
The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. As the Veterans Administration says of the program: “The objective of the VA Home [...] Read More
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Monica Foster November 11, 2021

Is a 20% Down Payment Really Necessary To Purchase a Home?

September 22, 2021 - General Information
There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a [...] Read More
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Monica Foster September 22, 2021

The Truths Young Homebuyers Need To Hear

July 7, 2021 - General Information
For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated [...] Read More
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Monica Foster July 7, 2021

What To Expect as Appraisal Gaps Grow

June 29, 2021 - General Information
In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of [...] Read More
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Monica Foster June 29, 2021

Don’t Forget to Budget for Closing Costs

May 17, 2021 - General Information
When buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing [...] Read More
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Monica Foster May 17, 2021

Why Waiting to Buy a Home Could Cost You a Small Fortune

May 6, 2021 - General Information
Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may [...] Read More
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Monica Foster May 6, 2021

How Much Time Do You Need To Save for a Down Payment?

April 19, 2021 - General Information
One of the biggest hurdles homebuyers face is saving for a down payment. As you’re budgeting and planning for your home purchase, you’ll want to understand how much you’ll need to put down and how long it will take you [...] Read More
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Monica Foster April 19, 2021
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Monica M. Foster

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The Monica Foster Team

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