A large selection of homes in your local housing market can be a good thing – except when it’s not. While Americans may enjoy the freedom to choose where they live based on home affordability, too many choices can produce decision fatigue.
Category: First-Time Homebuyer
Despite fluctuations in the economy, home values continue to climb. Reuters reported in June 2018 that U.S. housing prices are expected to rise at twice the speed of inflation and pay. But, what does this mean for renters who are trying to save for a down payment and are doing so at a much slower rate?
After months of looking, you finally found your dream home. It’s located in an area with a low crime rate, in one of the top school districts in the region, and to top it off - your move-in ready home is a few short miles from your employer. You’d move in next week if you could. But, before you rush…
By Chad Neiss - Vice President, Mortgage Lending You’ve been watching more than your fair share of home remodeling shows lately. And, who can blame you? With television networks devoted to backyard, kitchen, and whole home remodels, you can’t help but dream about life without the limitations that come with renting. But, it does make you wonder if homeownership is really…
Some people look forward to tax season as much as a visit to the dentist’s office. Others are excited about the possibility of a sizeable tax refund and view April 15 with great anticipation. In either case, this year’s tax filing won’t be a simple repeat of last year.
After careful thought and planning, you’ve decided to take the plunge into home ownership. You have a pretty good idea in which area you want to buy and are about to start interviewing Realtors. At this point, many first-time homebuyers pause and ask themselves, “What exactly is the first step I should take when buying a home?” At ENB, we recommend setting up a meeting with a Mortgage Expert to discuss prequalification.
If you have never applied for a mortgage, getting started can seem daunting. Fear of the unknown can even cause first-time homebuyers to put off looking for a home, even when they can afford one. This is completely understandable since it will probably be the biggest purchase you’ll make in your lifetime. To take some of the worry away, we have broken down the entire process into six easy steps so you can make your dream of home ownership a reality.
For the first time in over a decade more people are choosing to buy a home rather than rent. An improving economy, low interest rates and rising costs of rent have all factored into this change; however, it can be argued that the real driver behind making home ownership the more attractive option is simply the fact that building home equity is a sound financial decision.
Congratulations, you have found your dream home! You and your realtor have worked out all the details with the seller and have finally agreed to the purchase price. Now what?
Are you dreaming of owning your own home? Are you thinking that you can’t afford to buy a home so you continue to pay rent? Buying your first home may be more affordable than you think.