OWNING A HOME REALLY HELPS WITH TAXES

Tax Return Depressing? Owning a Home Could Help Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way Read More

CHECK THIS OUT, MORTGAGES ARE GETTING EASIER

NOW THIS IS NEWS!!!!! Some Highlights: ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old. More and more ‘Old Millennials’ (25-36 year olds) are Read More

BUY NOW OR PAY MORE LATER

BUY NOW OR PAY MORE LATER Here is how the recent changes in mortgage interest rates would have affected the principal and interest payment for a typical starter home of $350,000.   October, 2016, Interest Rate of 3.6%, Monthly P & I Payment = $1,432 December 2016, Actual Interest Rate Read More

REAL ESTATE MARKET IS BACK AND HEALTHY

REAL ESTATE MARKET IS BACK These data are an excellent portrayal of the national picture in real estate. Most also apply to our situation in Delaware, Chester and Montgomery counties. Specifically, sales are up, credit is readily available, distressed property sales are way down and, biggest of all, interest rates Read More

MORTGAGE MYTHS

For the good and bad of it (and there is both a bad and good side to this), home mortgages require only 3% down and as low as a 580 FICO score to qualify. Great news for credit worthy but cash starved buyers; maybe bad news for the health of Read More

RENT OR OWN, YOU PAY A MORTGAGE

Rent or Own, You Pay a Mortgage. Have written about this topic frequently in the past. This is another nice summary of the reasons to get into a home of your own and build your net worth instead of the landlord. There are some people that have not purchased a Read More

HOME OWNERSHIP MAKES SENSE

Owning A Home Makes Sense Financially Home ownership still makes a lot of sense financially, for the reasons enumerated below. Why might buying a home not make sense at the present time? Only one reason – that is if home prices were to decline, like they did from 2006/7 up Read More

FORECLOSURES DOWN, BUY NOW

Bottom line, foreclosures are down, way way down as are the numbers of people who are seriously delinquent in their mortgages. So what you say? Well this is another reason to buy that first house now or to make that move up buy. Our area had a HUGE HANGOVER of Read More