Choose: pay your mortgage or your landlord’s
There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. Puts a whole different spin [...]
Happy Home News: 712,000 homes regained positive equity!
CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today. [...]
What’s the profile of a first-time home buyer? Is it you?
Are you batting around the idea of becoming a first-time home buyer? There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are [...]
How important a part of the American dream is owning a home?
The answer is VERY important, as 93% believe home ownership is important in attaining the American Dream. Americans continue to believe that home ownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that: “Owning a home remains a core element of the American Dream.” When asked [...]
A staged home sells for more than a clean home.
A Staged Home from a Buyers’ Agent Perspective: 49% of buyers’ agents cited that a staged home had an effect on most buyer’s view of the home. 77% of buyers’ agents said a staged home made it easier for a buyer to visualize the property as a future home. Staging the living room [...]
Bankruptcy scams and your mortgage debt
You may have heard that filing bankruptcy will stop a foreclosure. This is true — but only temporarily. Filing bankruptcy brings an "automatic stay" into effect that stops any collection and foreclosure while the bankruptcy court administers the case. Eventually, you must start paying your mortgage lender, or [...]