May 6, 2019 Benefits of a 1031 Exchange

Any serious study of home ownership will show that it’s a great investment and generally beats renting by comparison. Among the various reasons in support of owning vs renting is the generous tax benefits afforded to home owners. For comparison, when a stock is sold,...

May 3, 2019 Down Payment Assistance Programs Remain a Useful Tool

One of the many hurdles for potential home owners is a down payment. An overall lack of knowledge about the buying process can be challenging as there are many things to consider. There are several tax and credit-related issues that arise during the purchase of...

May 3, 2019 Real Estate as An Investment Vehicle

Home ownership can offer many advantages over renting. For starters, there’s the ownership aspect itself. Possession of something tangible can provide a sense of worth and purpose. Further, owning something with an appreciating value adds wealth to a retirement portfolio. Owning property - or multiple...

April 3, 2019 What Does Debt-To-Income Mean to a Homebuyer?

One of the crucial components in the mortgage process is a buyer’s ability to repay the loan. Almost without exception, everyone who is looking to buy a home will be carrying some form of debt. Unfortunately for many, debt can swell beyond their means to...

March 28, 2019 Property Valuation – The Sales Comparison Approach

One very important thing that to remember when trying to secure a mortgage is the overall market value of the property. However, just because a real estate broker lists a property for a certain value doesn’t necessarily mean a lender will agree and extend a...

March 25, 2019 Should a Homebuyer Wait to Save 20% For a Down Payment?

Buying that first home is an exciting and intimidating time. Home ownership can bring a sense of self-worth and accomplishment like few other things can. For most it does represent the largest expenditure they’re likely to take on. Properly estimating a budget is essential to...

March 16, 2019 Loan Pricing- Setting Interest Rates

Mortgage rates are an essential part of the home loan process. Since the majority of home owners do not have enough cash on hand to pay for a home in full, the only other available option is to secure a mortgage from a lending institution....

February 27, 2019 Mortgage Risk: Implementing Useful  Strategies

Mortgage lending is all about risk assessment. What is a homebuyer’s willingness or ability to assume the risk associated with borrowing a large sum of money to purchase a home? What is a lending institution willing to risk in exchange for extending a mortgage? Assessment...

February 27, 2019 Understanding Closing Costs

Understanding mortgage closing costs can be a confusing process as there are many numbers thrown around when it comes time to purchase a home. This can be particularly intimidating when interacting with mortgage professionals that deal with these numbers and terms on a daily basis....