1. Should I Wait Until Next Year to Buy a Home?

    National home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over t…Read More

  2. What Is Private Mortgage Insurance (PMI)?

    When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mo…Read More

  3. Refinancing Still Makes Sense for Many

    Everyone is watching the Olympics, and many refinancing is not a huge priority. Why would anyone even think of refinancing their mortgage in the middle of winter, after rates have gone up slightly? Yet American Mortgage Corporation is fielding calls from plenty of borrowers looking to do exactly tha…Read More

  4. Don’t Wait: Buying A Home Will Cost More In Just One Year

    Are you on the fence about owning a home? It may be better to buy now than wait. The nation’s median home value is expected to grow by $6,275 to $208,975 just one year from today, according to Zillow, adding on to the already considerable funds homebuyers need now to own a home. The average homebu…Read More

  5. Should I Buy A Home Now? Or Wait Until Next Year?

    Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 4.4% by next year. CoreLogic predicts home prices to appreciate by 5.0% o…Read More

  6. Getting A Mortgage When You Have No Credit

    First-time home buyers face challenges that more experienced home buyers do not. For example, a first-time home buyer may not be able to show the same stable work history that a more experienced buyer can show; and a first-time home buyer not have as much money saved. But, perhaps, the biggest diffe…Read More

  7. Why We Need More Newly Constructed Homes

    The number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all house sales that were newly constructed homes has fallen to the lowest numbers in forty years. Bottom Line We need more new construction for two reasons: It wil…Read More

  8. More single women are buying homes, says new report

    The relationship status of homebuyers is shifting. In 1985, 81 percent of homebuyers were married couples. Today, that figure is closer to 66 percent, even though the number of unmarried couples buying homes has only barely grown. What accounts for the change? All the single ladies. Some 17 percent …Read More

  9. Whether You Rent or Buy: Either Way You’re Paying a Mortgage

    There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either yours or your landlord’s. As an owner, your mortgage p…Read More