Homeownership IS Obtainable for all – Read How

I Bought a Brooklyn Apartment on a Librarian’s Salary © Steven Senne/AP Photo Brown University students Nicha Ratana-Apiromyakij, left, and Nick Melachrinos, walk past a card catalog, right, at the Providence Athenaeum, in Providence, R.I., Monday, July 15, 2013. With roots dating back to 1753, the private library is one of the oldest in the … Continue reading Homeownership IS Obtainable for all – Read How

Pay Off My Mortgage Early?

~ Because not every set of advice will be great for you. But you have options. ~ I Wanted to Pay Off My Mortgage Early, Then I Realized This (Image credit: Apartment Therapy ) Ah, 2009. The year that first-time home buyers in America were majorly incentivized by government funding to get out of their … Continue reading Pay Off My Mortgage Early?

Did it just get harder for homebuyers?

The Fed just made life even worse for homebuyers As the busy spring selling season comes to a close, some Americans see their dream of homeownership under siege on three fronts. The housing supply is low. Interest rates are rising. And even Canada plays a foil: Tariffs on lumber have sent the price of construction … Continue reading Did it just get harder for homebuyers?

More home sales are failing to close

More home sales are failing to close Posted by Carrie B. Reyes | Mar 6, 2017 | Home Sales, Real Estate News | 0 | Nationally, 3.9% of home sales failed to close in 2016, compared to 2.1% in 2015, according to Trulia. Homes which changed status from pending or active contingent back to for … Continue reading More home sales are failing to close

HERO and PACE programs

Please wary homeowners. The PACE (Property Assessed Clean Energy) program for homeowners to update and upgrade their home with energy efficient items such as newer AC and Heating units, Solar Panels, insulation, and water efficient and drought tolerant landscaping. Riverside CA just approved the CaliforniaFIRST program, which is the PACE program in CA. To read the … Continue reading HERO and PACE programs

California starter home crisis tops national charts

First-time homebuyers in the Bay Area need to pay between 69% and 110% of their total household income to support a 30-year fixed rate mortgage (FRM) for a starter home, according to a new report by Trulia. Conventional wisdom concerning a balanced economy holds this allocation for shelter ought to be closer to 30% for … Continue reading California starter home crisis tops national charts

15 ways to improve your finances in a week

From Business Insider 3/4/16   15 ways to improve your finances in a week A financial tune-up doesn't have to be a daunting process. It doesn't require a financial planner or MBA — it doesn't even have to take up much of your time. There are several actions you can take starting today that will … Continue reading 15 ways to improve your finances in a week

This could be your last shot to refinance a mortgage

From The Fiscal Times 11/7/14 This Could Be Your Last Shot to Refinance a Mortgage After the Fed’s announcement Wednesday that it would end its historic $3 trillion bond-buying program, mortgage rates predictably began to rise. The good news is that they were rising from the lowest rates of the year, after tumbling through most … Continue reading This could be your last shot to refinance a mortgage

Mortgage Insurance Paid Upfront

From NYTimes.com 11/6/14 Private mortgage insurance is the bane of home buyers who can’t put down at least 20 percent. The insurance protects the lender in the event that a borrower defaults on a property with little equity, but it also guarantees a considerably higher monthly mortgage payment. An increasingly popular alternative allows borrowers to … Continue reading Mortgage Insurance Paid Upfront