The spring market is upon us, mortgage rates have reached a record low, and the real estate industry is improving in many parts of the country. For many aspiring homeowners, this confluence of events means that now is the time to buy! If you’re a first time buyer, or if you’re looking to hire a new realtor, a few tips can help you make sure you find the right person for your team: Continue reading “Tips for Interviewing a Realtor” »
If you already own a home, you probably already know that having a home mortgage can reduce your tax liability. But first-time buyers or people who have never owned a home typically have no idea that this deduction is available! If you’ve been thinking about buying a home, it’s too late to make an impact on your taxes this year, but you can buy now to see a big reduction in next year’s tax liability. How do you get money back just by owning a home? Continue reading “Take Advantage of the Mortgage Interest Deduction to Reduce Your Tax Liability” »
When the housing market is having problems and foreclosures are rising, there’s an unintended side effect that many people don’t know about: an increase in demand for rental properties. When home prices are too high, or when the housing market is in turmoil, potential buyers are more inclined to keep renting to avoid any unintended consequences of buying at a bad time. When foreclosures increase, the displaced families need places to live, and typically aren’t buying new homes – so they rent too. This leads to an increase in demand for rental properties – which makes things tougher for renters. Continue reading “Stop Paying Rent – It’s Time to Buy” »
While the specifics still vary from place to place, more and more positive real estate reports are rolling in from around the country. In places with rapid real estate decline, the housing market has slowed or stalled. In markets that have already reached rock bottom, realtors are seeing a modest improvement in the market. Some markets are already making more than modest comebacks. This means that if you’ve been thinking about buying and are waiting for the best time to buy, it may be here now or may even be already passing! Continue reading “Residential Real Estate Sales Stalled or Improving” »
Mortgage rates have dropped again in the past few weeks. In fact, 15-year mortgage rates have just reached a record low! 30-year mortgage rates are near their lowest point, too. If you’ve been thinking about buying but have been holding off – don’t wait too much longer! These rates represent an offer you can’t refuse; don’t miss out on the best deal in history! Continue reading “Low Mortgage Rates Make Now a Great Time to Buy” »
With many people getting a tax refund back around now, everyone has questions about how best to use it. Some people use it for a vacation, or to buy that thing they’ve been wanting. Other people put it in savings, or use it to pay off credit card debt. If you want to do something responsible with your tax refund, but aren’t sure what – try investing your tax refund in buying or refinancing a home! Continue reading “Invest Your Tax Refund in Your Home” »
A recent report issued by one of the largest lenders in the United States reveals that things in the mortgage industry are looking up – which is great news for everyone! The report revealed that the lender is making more money from new mortgages, and curbing losses from old ones – which means that the economy is improving. What is the most important takeaway from these facts? Continue reading “Improvement in the Mortgage Industry Equals Good News for Buyers” »
