Do You Trust Real Estate Agents?

real estate agents

You and your family have decided to sell your house. It is now time to choose a real estate professional to help with the process. One of the major attributes this agent must possess is trustworthiness. To what degree do you need to trust them? You must have enough trust in them that you feel […]

Big Changes in Credit Score Requirements

lending guidelines

On September 17th, the Federal Government voted NOT to increase interest rates. So, overall they are still at record lows. That beings said, as mortgage interest rates begin to creep up ever so slightly, mortgage lending guidelines (specifically, credit score requirements) become a little bit looser. Check out the following infographic for more information: Some […]

5 Obstacles to Buying a Home

home buying obstacles

According to the California Association of Realtors® recent survey, there are five key obstacles to buying a home for Generation Y or millennial homebuyers. These obstacles include credit score, down payment, student loan debt, student loan debt, and a lack of understanding of the process for buying a home. With regard to down payment and […]

What You Really Need to Qualify for a Mortgage

get a mortgage

According to a recent survey, the American public is still somewhat confused about what is actually needed to qualify for a mortgage (a home loan) in today’s housing market. The study pointed out two major misconceptions that the average consumer has about obtaining a mortgage. Down Payment The survey revealed that consumers overestimate the down […]

Are You in the Renter’s Trap?

buying a home

There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage. The National Association of Realtors® released a study in which they looked at “income growth, housing costs and changes in the share of renter and […]

Think You Need 20% Down to Buy a Home? Think Again

home buyers

Digital Risk recently polled Millennials about the housing market. Among their findings was the fact that nearly two-thirds of the generation who has recently purchased a home has done so with less than 20% down; in fact, 36% had a down payment of less than 5%! Here is a graph detailing the results: This means that more and […]

Is Now the Best Time to Rent a Home?

rent property

People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent a home is. However, we want to make certain that everyone understands that now is NOT a good time to rent a home. The Census Bureau just released their second quarter median rent numbers. […]