There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. As Freddie Mac explains: “Homeownership has cemented its role ... » Learn More about What Is the #1 Financial Benefit of Homeownership?
Buyers
Thinking of Buying or Selling a Home This Spring?
Our housing market has a lot to offer both buyers and sellers right now. Here are a couple of great real estate guides that explain what you needs to know about the general real estate market. Buy a Home Spring 2021 Sell Your House Spring 2021 If you have any questions about buying or ... » Learn More about Thinking of Buying or Selling a Home This Spring?
What Are the Benefits of a 20% Down Payment?
If you’re thinking of buying a home this year, you may be wondering how much money you need to come up with for your down payment. Many people may think it’s 20% of the loan to secure a mortgage. While there are plenty of lower down payment options available for qualified buyers who don’t ... » Learn More about What Are the Benefits of a 20% Down Payment?
How Much Leverage Do Today’s House Sellers Have?
The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% ... » Learn More about How Much Leverage Do Today’s House Sellers Have?
The Luxury Market Is Attracting Buyers in 2021
As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury Market Report, the Institute for Luxury Home Marketing (ILHM) shares: “In a snapshot of ... » Learn More about The Luxury Market Is Attracting Buyers in 2021
Do I Really Need a 20% Down Payment to Buy a Home?
Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still a common myth that you have to come ... » Learn More about Do I Really Need a 20% Down Payment to Buy a Home?
The Importance of Home Equity in Building Wealth
Homeownership has always been the first rung on the ladder leading to household wealth. As Freddie Mac recently posted: “Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. ... » Learn More about The Importance of Home Equity in Building Wealth
Great News for Corvallis and Albany, Oregon Home Buyers
Great News! Home Ownership in Corvallis and Albany just got more affordable. FHA announced this morning in mortgagee letter 2017-01 that they are dropping the monthly mortgage insurance premium. The annualized rate was .85% and it will now be .60%, a reduction of .25%. On a 250,000 FHA loan, that ... » Learn More about Great News for Corvallis and Albany, Oregon Home Buyers