Federal Housing Finance Agency, the U.S. regulator that oversees Fannie Mae and Freddie Mac, recently announced their plans to discontinue a controversial program that subsidized loans for firms that invest in single-family rental properties.
Weare fortunate that wemeetmany people who are veryhappy to be selling or buying a home because they are excited to move to their next home. However, we rarely meet someone that is excited about the actual process of packing and moving to get into that new home!
With Home Rental prices soaring, we wanted to share this article from CNBC.com. Ms. Olic makes a verygood point; when it is time to buy yournewhomeconsider their idea of keeping your existing home and rentingit out!
Homeownership rates for the under 40 crowd have dropped notably in the past few years. Leading finance experts consider this a result of higher college debt, higher credit card debt, increases in childcare costs, and a lower inventory of starter homes.
The good news is many new loan programs are designed specifically to provide first time home buyers a better opportunity to qualify for financing in spite of the challenges they face.
Here are tips that can help a First Time Home Buyer:
There is overwhelming statistics proving that our nation is facing a housing shortage crisis. The shortage has caused substantial sales price increases, preventing many potential buyers from affording home ownership.
We are all anxious to spend more time enjoying our outdoor living space, whether it is a backyard, front yard, or patio! However, our enthusiasm can quickly fade as we look around at our worn and weathered outdoor furniture and accents.
Yes you read that correctly! Lenders are now allowed to Gift Money Back to you at time of loan closing.*
When you consider the loan programs that offer a low 3% down payment, combined with the money Mortgage Lenders can Gift you back toward closing costs, the decision to buy a new home now is very enticing!
There is a lot of conversation about the impact on each of us from the new Tax Cuts and Jobs Act, and the affect is unique depending on your particular situation. In an effort to provide you with details about the specific affect it will have on real estate transactions and taxation, we have compiled a list of current articles from a variety of sources.
Buying a new home is a time of joy and excitement. Deciding what features you want is often the starting point of the journey to find your perfect next home. Real Estate investors are impacting the market with the process of “flipping” homes; where they purchase, remodel, and then resell properties. This provides new homeowners with higher chances of finding a home that is move-in ready, absent of projects and to do items.