First Time Home Buyers

Don’t Get Caught in the Rental Trap in 2019

Posted by Monica Foster On December 12, 2018 In General Information

Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of homeownership, your plan for the new year may include buying, and you wouldn’t be [...] Read More

Monica Foster December 12, 2018

How to Simply Increase Your Family Wealth by Paying for Housing

Posted by Monica Foster On December 11, 2018 In General Information

Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly [...] Read More

Monica Foster December 11, 2018

What If I Wait A Year to Buy a Home?

Posted by Monica Foster On December 10, 2018 In General Information

National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a [...] Read More

Monica Foster December 10, 2018

Posted by Monica Foster On December 7, 2018 In General Information

Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! [...] Read More

Monica Foster December 7, 2018

2008 vs. Now: Are Owners Using Their Homes as ATMs Again?

Posted by Monica Foster On December 6, 2018 In General Information

Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be [...] Read More

Monica Foster December 6, 2018

Where Are Interest Rates Headed in 2019?

Posted by Monica Foster On December 5, 2018 In General Information

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when [...] Read More

Monica Foster December 5, 2018

Homeowners Aged 65+ Have 48x More Net Worth Than Renters

Posted by Monica Foster On December 4, 2018 In General Information

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 [...] Read More

Monica Foster December 4, 2018

4 Reasons to Buy A Home This Winter!

Posted by Monica Foster On December 3, 2018 In General Information

Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insight report revealed that home prices have appreciated by 5.6% over the last 12 months. The same report predicts [...] Read More

Monica Foster December 3, 2018

Posted by Monica Foster On November 30, 2018 In General Information

Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to [...] Read More

Monica Foster November 30, 2018

Buyers: Don’t Be Surprised by Closing Costs!

Posted by Monica Foster On November 26, 2018 In General Information

Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage? By law, a homebuyer will receive a loan estimate [...] Read More

Monica Foster November 26, 2018

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